IFM Investors Pty Ltd Has $13.20 Million Holdings in Cloudflare, Inc. $NET

IFM Investors Pty Ltd boosted its holdings in Cloudflare, Inc. (NYSE:NET) by 4.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 63,964 shares of the company’s stock after acquiring an additional 2,601 shares during the period. IFM Investors Pty Ltd’s holdings in Cloudflare were worth $13,198,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. IMA Advisory Services Inc. raised its position in shares of Cloudflare by 4.5% in 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 in the last quarter. Brown Brothers Harriman & Co. grew its position 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 buying an additional 56 shares in the last quarter. Silver Oak Securities Incorporated increased its stake in Cloudflare by 5.5% during the 4th quarter. Silver Oak Securities Incorporated now owns 1,090 shares of the company’s stock worth $218,000 after acquiring an additional 57 shares during the period. Certuity LLC raised its holdings in Cloudflare by 1.8% in the 4th quarter. Certuity LLC now owns 3,156 shares of the company’s stock valued at $622,000 after acquiring an additional 57 shares in the last quarter. Finally, Cigna Investments Inc. New lifted its position in shares of Cloudflare by 2.0% during the 4th quarter. Cigna Investments Inc. New now owns 3,062 shares of the company’s stock valued at $604,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Trading Up 0.5%

NYSE NET opened at $246.41 on Thursday. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $276.82. The business’s fifty day moving average is $224.70 and its 200-day moving average is $204.34. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The stock has a market capitalization of $87.10 billion, a price-to-earnings ratio of -985.64, a PEG ratio of 247.03 and a beta of 1.67.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping 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 $639.75 million for the quarter, compared to analyst estimates of $620.83 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. 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 predict that Cloudflare, Inc. will post 0.02 EPS for the current year.

Insider Activity at Cloudflare

In other news, insider Michelle Zatlyn sold 35,080 shares of the stock in a transaction 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 represents a 42.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $210.02, for a total value of $11,001,687.68. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 566,112 shares of company stock worth $121,310,716. 10.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NET has been the subject of a number of analyst reports. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $136.00 price target on shares of Cloudflare 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 report on Wednesday, April 15th. Needham & Company LLC lifted their price objective on shares of Cloudflare from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Stifel Nicolaus set a $260.00 price objective on shares of Cloudflare in a research report on Friday, May 8th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $270.00 target price on shares of Cloudflare in a report on Monday, June 15th. Twenty-one equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.35.

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.