Capital International Ltd. CA Has $27.63 Million Holdings in Cloudflare, Inc. $NET

Capital International Ltd. CA lessened its stake in Cloudflare, Inc. (NYSE:NET) by 4.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 140,154 shares of the company’s stock after selling 6,567 shares during the quarter. Cloudflare accounts for 1.0% of Capital International Ltd. CA’s holdings, making the stock its 29th biggest position. Capital International Ltd. CA’s holdings in Cloudflare were worth $27,631,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in Cloudflare during the fourth quarter worth $718,316,000. Jennison Associates LLC boosted its holdings in Cloudflare by 802.6% during the fourth quarter. Jennison Associates LLC now owns 1,863,612 shares of the company’s stock worth $367,411,000 after purchasing an additional 1,657,144 shares during the last quarter. Groupama Asset Managment boosted its holdings in Cloudflare by 82.6% during the third quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock worth $450,639,000 after purchasing an additional 950,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Cloudflare by 2.6% during the third quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company’s stock worth $6,934,958,000 after purchasing an additional 821,684 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Cloudflare by 25.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock worth $323,259,000 after purchasing an additional 336,768 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Activity

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 transaction, the insider directly owned 47,425 shares in the company, valued at approximately $10,148,001.50. This represents a 42.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,384 shares of the stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $210.02, for a total transaction of $11,001,687.68. 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 sold 527,491 shares of company stock worth $111,729,711 over the last 90 days. 10.89% of the stock is currently owned by corporate insiders.

Cloudflare Price Performance

Shares of NET opened at $250.35 on Friday. The firm has a market capitalization of $88.49 billion, a PE ratio of -1,001.40 and a beta of 1.70. The company’s 50-day moving average is $213.32 and its 200-day moving average is $200.38. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $276.82. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96.

Cloudflare (NYSE:NET) last released its quarterly 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. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The business had revenue of $639.76 million for the quarter, compared to the consensus estimate of $620.83 million. During the same period in the prior year, the company posted $0.16 earnings per share. Cloudflare’s revenue was up 33.5% compared to the same quarter last year. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Robert W. Baird set a $260.00 target price on shares of Cloudflare and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Piper Sandler restated an “overweight” rating and set a $250.00 target price (up from $222.00) on shares of Cloudflare in a report on Friday, May 8th. BTIG Research restated a “buy” rating and set a $243.00 target price on shares of Cloudflare in a report on Friday, May 8th. Wells Fargo & Company increased their target price on shares of Cloudflare from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Finally, New Street Research set a $140.00 price target on shares of Cloudflare in a research report on Wednesday, February 11th. Eighteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Cloudflare has an average rating of “Moderate Buy” and an average target price of $239.08.

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.