The Manufacturers Life Insurance Company raised its holdings in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 25.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,401 shares of the company's stock after purchasing an additional 3,732 shares during the period. The Manufacturers Life Insurance Company's holdings in Cloudflare were worth $3,797,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in NET. Empowered Funds LLC raised its stake in Cloudflare by 34.2% during the first quarter. Empowered Funds LLC now owns 6,656 shares of the company's stock valued at $750,000 after buying an additional 1,696 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Cloudflare in the second quarter worth $424,000. Cerity Partners LLC grew its stake in shares of Cloudflare by 30.1% in the second quarter. Cerity Partners LLC now owns 27,531 shares of the company's stock worth $5,391,000 after acquiring an additional 6,363 shares during the last quarter. Sei Investments Co. grew its stake in shares of Cloudflare by 40.1% in the second quarter. Sei Investments Co. now owns 329,036 shares of the company's stock worth $64,432,000 after acquiring an additional 94,112 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Cloudflare by 3.4% during the second quarter. Treasurer of the State of North Carolina now owns 144,152 shares of the company's stock valued at $28,229,000 after acquiring an additional 4,796 shares in the last quarter. Institutional investors own 82.68% of the company's stock.
Insider Transactions at Cloudflare
In related news, CFO Thomas J. Seifert sold 55,000 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the completion of the sale, the chief financial officer owned 113,790 shares in the company, valued at approximately $34,171,137. This represents a 32.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,422 shares of the firm's stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total value of $13,057,795.98. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 749,532 shares of company stock worth $183,882,628 in the last ninety days. Insiders own 10.66% of the company's stock.
Key Cloudflare News
Here are the key news stories impacting Cloudflare this week:
- Positive Sentiment: Q2 results beat expectations. Revenue rose 35.9% year over year to $696.1 million, exceeding the approximately $664.7 million consensus estimate. Adjusted EPS was $0.29 versus expectations of $0.27, supported by large-customer additions, Workers adoption and improved execution. Cloudflare Q2 earnings report
- Positive Sentiment: Cloudflare raised its forecast. Third-quarter guidance calls for approximately $736 million-$737 million in revenue and $0.34 EPS, above analyst estimates. Full-year 2026 revenue guidance was lifted to roughly $2.864 billion-$2.870 billion, while EPS guidance increased to $1.25-$1.26. Management cited resilient AI-agent demand across its network. Reuters outlook report
- Positive Sentiment: Analysts responded with higher targets. Citizens JMP raised its target to $394, while Oppenheimer and Needham increased targets to $380. BTIG, RBC, Piper Sandler and Truist also raised targets and maintained bullish ratings, signaling confidence in Cloudflare’s AI growth opportunity.
- Positive Sentiment: New AI products add potential growth avenues. Cloudflare launched Kitesurf, a cloud-hosted browser designed for AI agents, and an AEO Visibility Dashboard that helps brands track recommendations from AI assistants. TechCrunch Kitesurf report
- Neutral Sentiment: Valuation and volatility remain elevated. The rally has pushed Cloudflare near record levels, leaving the stock dependent on continued high growth, margin improvement and successful AI monetization.
- Negative Sentiment: Insider selling is a modest sentiment risk. CEO Matthew Prince, CFO Thomas Seifert and director Carl Ledbetter sold shares under pre-arranged Rule 10b5-1 plans. These transactions may concern investors but do not necessarily indicate weakening business fundamentals.
Analyst Upgrades and Downgrades
NET has been the topic of a number of analyst reports. TD Cowen upped their price target on shares of Cloudflare from $300.00 to $355.00 and gave the stock a "buy" rating in a research note on Friday. The Goldman Sachs Group restated a "buy" rating and set a $389.00 price objective on shares of Cloudflare in a research note on Friday. Royal Bank Of Canada lifted their target price on shares of Cloudflare from $290.00 to $346.00 and gave the stock an "outperform" rating in a report on Friday. Needham & Company LLC upped their target price on shares of Cloudflare from $280.00 to $380.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Piper Sandler increased their price target on shares of Cloudflare from $250.00 to $333.00 and gave the company an "overweight" rating in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Cloudflare currently has an average rating of "Moderate Buy" and a consensus price target of $311.48.
Check Out Our Latest Research Report on Cloudflare
Cloudflare Price Performance
NET opened at $301.00 on Friday. The company's 50-day simple moving average is $257.02 and its two-hundred day simple moving average is $218.84. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a market capitalization of $106.39 billion, a P/E ratio of -518.96, a P/E/G ratio of 212.72 and a beta of 1.65. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $324.73.
Cloudflare (NYSE:NET - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.29 earnings per share for the quarter, beating 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 3.99%. The firm had revenue of $696.06 million during the quarter, compared to analysts' expectations of $664.66 million. During the same period in the previous year, the company earned $0.21 earnings per share. The firm's quarterly revenue was up 35.9% on a year-over-year basis. As a group, analysts predict that Cloudflare, Inc. will post 0.03 EPS for the current year.
About Cloudflare
(
Free Report)
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.
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