Public Employees Retirement Association of Colorado Increases Stake in Cloudflare, Inc. $NET

Public Employees Retirement Association of Colorado lifted its stake in shares of Cloudflare, Inc. (NYSE:NET) by 36.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,533 shares of the company’s stock after buying an additional 10,779 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Cloudflare were worth $7,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. IMA Advisory Services Inc. increased its position in shares of Cloudflare by 4.5% during the fourth quarter. IMA Advisory Services Inc. now owns 1,290 shares of the company’s stock valued at $254,000 after buying an additional 55 shares during the period. Brown Brothers Harriman & Co. boosted its stake in Cloudflare by 55.4% during the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after acquiring an additional 56 shares in the last quarter. Silver Oak Securities Incorporated boosted its stake in Cloudflare by 5.5% during the fourth quarter. Silver Oak Securities Incorporated now owns 1,090 shares of the company’s stock worth $218,000 after acquiring an additional 57 shares in the last quarter. Certuity LLC boosted its stake in Cloudflare by 1.8% during the fourth quarter. Certuity LLC now owns 3,156 shares of the company’s stock worth $622,000 after acquiring an additional 57 shares in the last quarter. Finally, Rothschild Investment LLC boosted its stake in Cloudflare by 37.4% during the third quarter. Rothschild Investment LLC now owns 224 shares of the company’s stock worth $48,000 after acquiring an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Cloudflare in a research note on Wednesday, April 15th. They set a “buy” rating on the stock. Truist Financial boosted their price objective on shares of Cloudflare from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Needham & Company LLC boosted their price objective on shares of Cloudflare from $250.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. The Goldman Sachs Group lowered shares of Cloudflare from a “buy” rating to a “sell” rating in a research note on Wednesday, April 15th. Finally, Piper Sandler reissued an “overweight” rating on shares of Cloudflare in a research note on Wednesday, June 10th. Twenty-one research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $241.35.

Insider Transactions at Cloudflare

In other news, insider Alissa Michelle Starzak sold 16,243 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $216.15, for a total value of $3,510,924.45. Following the transaction, the insider owned 118,395 shares in the company, valued at approximately $25,591,079.25. This represents a 12.06% decrease in their ownership of the stock. The sale was disclosed in a 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 company’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 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. Over the last 90 days, insiders have sold 465,059 shares of company stock worth $98,655,975. Corporate insiders own 10.66% of the company’s stock.

Cloudflare Trading Up 2.8%

Shares of NYSE NET opened at $234.88 on Tuesday. The firm’s 50 day moving average price is $216.57 and its 200-day moving average price is $202.00. The company has a market cap of $83.02 billion, a PE ratio of -939.51, a P/E/G ratio of 481.14 and a beta of 1.70. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $276.82. 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 (NYSE:NET) last issued its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $639.76 million for the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The business’s revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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 expect that Cloudflare, Inc. will post 0.01 EPS for the current fiscal year.

About Cloudflare

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.