Cloudflare, Inc. $NET Stock Holdings Raised by Principal Financial Group Inc.

Principal Financial Group Inc. grew its stake in Cloudflare, Inc. (NYSE:NET) by 75.8% during the first quarter, HoldingsChannel.com reports. The firm owned 245,019 shares of the company’s stock after purchasing an additional 105,649 shares during the period. Principal Financial Group Inc.’s holdings in Cloudflare were worth $50,557,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Chicago Partners Investment Group LLC grew its stake in Cloudflare by 13.2% in the first quarter. Chicago Partners Investment Group LLC now owns 2,652 shares of the company’s stock worth $550,000 after purchasing an additional 309 shares in the last quarter. Tradewinds LLC. acquired a new stake in Cloudflare during the first quarter valued at approximately $219,000. LGT Fund Management Co Ltd. bought a new position in Cloudflare during the 1st quarter worth approximately $8,108,000. Global Assets Advisory LLC bought a new position in Cloudflare during the 1st quarter worth approximately $135,000. Finally, Anchor Investment Management LLC bought a new position in Cloudflare during the 1st quarter worth approximately $484,000. Institutional investors own 82.68% of the company’s stock.

Trending Headlines about Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Morgan Stanley raised its price target on Cloudflare from $305 to $322 and reiterated an overweight rating, signaling stronger confidence in the company’s upside. This kind of analyst upgrade can help support the stock. Morgan Stanley price target increase on Cloudflare
• Positive Sentiment: Cloudflare launched Precursor, a new bot-management product designed to detect sophisticated automated attacks in real time. The launch reinforces the company’s cybersecurity and privacy narrative, which is a key driver of investor optimism. Cloudflare launches Precursor
• Positive Sentiment: Recent commentary continues to highlight Cloudflare as a beneficiary of rising demand for cybersecurity and AI infrastructure, and the stock has also been mentioned favorably in momentum-stock and “best cybersecurity stocks” roundups. Cloudflare momentum stock article
• Neutral Sentiment: Other recent articles emphasize Cloudflare’s strong three-year run and rising fair-value estimates, but also note that the shares already trade at a rich valuation. That may limit near-term upside if growth does not keep accelerating. Cloudflare valuation article
• Neutral Sentiment: The stock also got a “gains as market dips” mention, reflecting relative strength versus the broader market rather than a company-specific catalyst. Cloudflare gains as market dips article

Cloudflare Stock Performance

Shares of NYSE NET opened at $277.84 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The stock has a 50 day simple moving average of $236.36 and a 200-day simple moving average of $209.95. The company has a market cap of $98.21 billion, a PE ratio of -1,111.37, a P/E/G ratio of 277.70 and a beta of 1.67. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $291.00.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on NET. Stifel Nicolaus set a $260.00 price target on Cloudflare in a report on Friday, May 8th. Royal Bank Of Canada restated an “outperform” rating and set a $290.00 price objective on shares of Cloudflare in a research note on Thursday. KeyCorp reaffirmed an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. Mizuho boosted their target price on shares of Cloudflare from $260.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, TD Cowen increased their target price on shares of Cloudflare from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Cloudflare presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.41.

Insider Buying and Selling at Cloudflare

In related news, insider Michelle Zatlyn sold 35,080 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $213.98, for a total value of $7,506,418.40. Following the completion of the sale, the insider owned 47,425 shares of the company’s stock, valued at $10,148,001.50. This represents a 42.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,422 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $249.09, for a total transaction of $13,057,795.98. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 616,185 shares of company stock valued at $137,831,055. Company insiders own 10.66% of the company’s stock.

Cloudflare 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.