Oak Ridge Investments LLC Lowers Holdings in Cloudflare, Inc. $NET

Oak Ridge Investments LLC lowered its stake in shares of Cloudflare, Inc. (NYSE:NET) by 5.3% in the second quarter, HoldingsChannel reports. The fund owned 62,004 shares of the company’s stock after selling 3,472 shares during the quarter. Cloudflare makes up about 0.9% of Oak Ridge Investments LLC’s portfolio, making the stock its 27th largest position. Oak Ridge Investments LLC’s holdings in Cloudflare were worth $15,208,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NET. Vanguard Group Inc. boosted its position in shares of Cloudflare by 0.3% in 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 during the last quarter. Geode Capital Management LLC increased its position in Cloudflare by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock worth $1,184,044,000 after purchasing an additional 241,981 shares during the last quarter. Jennison Associates LLC increased its position 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. First Trust Advisors LP raised its stake in Cloudflare by 1.6% during the fourth quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock worth $792,377,000 after purchasing an additional 63,198 shares during the period. Finally, Invesco Ltd. raised its stake in Cloudflare by 1.3% during the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock worth $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.

Analyst Ratings Changes

A number of equities analysts have weighed in on NET shares. Morgan Stanley reiterated an “overweight” rating and issued a $370.00 price target on shares of Cloudflare in a report on Friday, August 7th. Jefferies Financial Group set a $350.00 price objective on Cloudflare in a report on Friday, August 7th. DZ Bank lowered Cloudflare from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft upgraded Cloudflare to a “buy” rating in a report on Tuesday, July 7th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $389.00 price target on shares of Cloudflare in a research report on Friday, August 7th. Two 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 assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $320.19.

Cloudflare Trading Down 4.6%

Shares of NET stock opened at $315.63 on Friday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $332.22. The firm’s 50 day moving average price is $261.98 and its two-hundred day moving average price is $223.72. The stock has a market cap of $111.56 billion, a price-to-earnings ratio of -544.19, a price-to-earnings-growth ratio of 204.57 and a beta of 1.65.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The company had revenue of $696.06 million during the quarter, compared to analyst estimates of $664.66 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. On average, analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current year.

Insider Activity

In related news, Director Mark J. Hawkins sold 133 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $277.74, for a total value of $36,939.42. Following the completion of the sale, the director directly owned 10,632 shares in the company, valued at approximately $2,952,931.68. This represents a 1.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $300.30, for a total value of $16,516,500.00. Following the completion of the transaction, the chief financial officer directly owned 113,790 shares in the company, valued at $34,171,137. This trade represents a 32.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 748,719 shares of company stock worth $183,992,198 in the last quarter. Insiders own 10.66% of the company’s stock.

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.