Dimensional Fund Advisors LP Increases Stock Position in Cloudflare, Inc. $NET

Dimensional Fund Advisors LP increased its holdings in Cloudflare, Inc. (NYSE:NET) by 0.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 336,934 shares of the company’s stock after buying an additional 2,377 shares during the period. Dimensional Fund Advisors LP owned 0.10% of Cloudflare worth $69,480,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted 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 worth $6,389,167,000 after acquiring an additional 90,397 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Cloudflare by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock worth $1,184,044,000 after acquiring an additional 241,981 shares during the period. Jennison Associates LLC grew its position in shares of Cloudflare by 135.8% in the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after purchasing an additional 2,530,872 shares in the last quarter. First Trust Advisors LP grew its position in shares of Cloudflare by 1.6% in the fourth quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock valued at $792,377,000 after purchasing an additional 63,198 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Cloudflare by 1.3% during the 3rd quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock valued at $850,792,000 after purchasing an additional 49,485 shares during the period. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Cloudflare Trading Down 1.5%

Shares of NET stock opened at $279.18 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $293.80. The company has a market capitalization of $98.68 billion, a PE ratio of -1,116.70, a price-to-earnings-growth ratio of 218.82 and a beta of 1.67. The business’s fifty day moving average is $250.08 and its 200 day moving average is $215.15.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $639.75 million during 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% on a year-over-year basis. 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. On average, equities research analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NET. Benchmark cut Cloudflare to an “underperform” rating in a report on Tuesday, July 7th. UBS Group lifted their target price on Cloudflare from $220.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, June 10th. KeyCorp reiterated an “overweight” rating on shares of Cloudflare in a research report on Wednesday, June 10th. Jefferies Financial Group downgraded shares of Cloudflare from a “buy” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Citizens Jmp raised their price objective on shares of Cloudflare from $270.00 to $330.00 and gave the company a “market outperform” rating in a research report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $262.00.

Insider Activity

In other news, CEO Matthew Prince sold 52,422 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total transaction of $13,057,795.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the completion of the transaction, 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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 549,770 shares of company stock valued at $124,090,448 in the last three months. 10.66% of the stock is owned by insiders.

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.