Janus Henderson Group PLC Buys 206,032 Shares of Cloudflare, Inc. $NET

Janus Henderson Group PLC grew its position in shares of Cloudflare, Inc. (NYSE:NET) by 583.1% during the first quarter, Holdings Channel.com reports. The fund owned 241,367 shares of the company’s stock after purchasing an additional 206,032 shares during the quarter. Janus Henderson Group PLC’s holdings in Cloudflare were worth $49,805,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of NET. Norges Bank purchased a new stake in shares of Cloudflare in the fourth quarter valued at about $718,316,000. Jennison Associates LLC boosted its holdings in Cloudflare by 135.8% during the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after purchasing an additional 2,530,872 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in Cloudflare by 4,042.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock worth $275,887,000 after purchasing an additional 1,365,598 shares during the last quarter. Swedbank AB grew its position in Cloudflare by 697.5% in the 1st quarter. Swedbank AB now owns 927,606 shares of the company’s stock worth $191,402,000 after purchasing an additional 811,297 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Cloudflare by 25.8% in the 4th 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 in the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

Cloudflare Stock Down 1.5%

Cloudflare stock opened at $279.18 on Friday. The firm has a 50 day moving average price of $250.08 and a 200-day moving average price of $215.15. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $293.80. The company has a market capitalization of $98.68 billion, a P/E ratio of -1,116.70, a P/E/G ratio of 215.41 and a beta of 1.67.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $639.75 million for the quarter, compared to analysts’ expectations of $620.83 million. During the same quarter in the previous year, the firm posted $0.16 EPS. Cloudflare’s revenue 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. As a group, equities analysts predict that Cloudflare, Inc. will post 0.03 EPS for the current year.

Analysts Set New Price Targets

NET has been the topic of several recent analyst reports. Jefferies Financial Group cut shares of Cloudflare from a “buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Barclays increased their price target on Cloudflare from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft upgraded Cloudflare to a “buy” rating in a report on Tuesday, July 7th. Benchmark cut Cloudflare to an “underperform” rating in a research report on Tuesday, July 7th. Finally, Wells Fargo & Company upped their price objective on Cloudflare from $270.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.00.

Insiders Place Their Bets

In other news, Director John Graham-Cumming sold 2,520 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $247.28, for a total transaction of $623,145.60. Following the completion of the transaction, the director owned 494,909 shares in the company, valued at approximately $122,381,097.52. This represents a 0.51% 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 52,383 shares of Cloudflare stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $247.28, for a total value of $12,953,268.24. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 549,770 shares of company stock valued at $124,090,448. Company insiders own 10.66% of the company’s stock.

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.