Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 43,150 Shares of Cloudflare, Inc. $NET

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Cloudflare, Inc. (NYSE:NET) by 65.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,878 shares of the company’s stock after purchasing an additional 43,150 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Cloudflare were worth $22,466,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NET. Vanguard Group Inc. raised its position in shares of Cloudflare by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock valued at $6,389,167,000 after buying an additional 90,397 shares during the last quarter. Geode Capital Management LLC grew its position in Cloudflare by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock worth $1,184,044,000 after buying an additional 241,981 shares in the last quarter. First Trust Advisors LP grew its position in Cloudflare by 1.6% during the fourth quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock worth $792,377,000 after buying an additional 63,198 shares in the last quarter. Invesco Ltd. increased its stake in Cloudflare by 1.3% during the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock valued at $850,792,000 after acquiring an additional 49,485 shares during the period. Finally, Norges Bank bought a new position in Cloudflare during the fourth quarter valued at about $718,316,000. Institutional investors own 82.68% of the company’s stock.

Analyst Upgrades and Downgrades

NET has been the subject of a number of research reports. TD Cowen reiterated a “buy” rating on shares of Cloudflare in a research report on Wednesday, June 10th. Morgan Stanley restated an “overweight” rating and set a $305.00 price objective on shares of Cloudflare in a research report on Thursday, June 4th. The Goldman Sachs Group lowered Cloudflare from a “buy” rating to a “sell” rating in a research note on Wednesday, April 15th. Susquehanna raised their target price on Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, Barclays reiterated an “overweight” rating and set a $250.00 price target on shares of Cloudflare in a research note on Monday, June 1st. Twenty-one investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.35.

Cloudflare Stock Down 0.1%

NET opened at $242.14 on Friday. The firm has a market cap of $85.59 billion, a price-to-earnings ratio of -968.56, a PEG ratio of 244.14 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The firm’s 50-day simple moving average is $226.09 and its 200-day simple moving average is $204.88. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $276.82.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 earnings per share. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Equities research analysts anticipate that Cloudflare, Inc. will post 0.02 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $210.02, for a total value of $11,001,687.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $213.98, for a total value of $7,506,418.40. Following the sale, the insider owned 47,425 shares in the company, valued at approximately $10,148,001.50. This trade represents a 42.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 566,245 shares of company stock valued at $121,343,833 in the last quarter. 10.66% of the stock is currently owned by corporate insiders.

Cloudflare Company Profile

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.