Cloudflare, Inc. $NET Shares Bought by Strategic Planning Group LLC

Strategic Planning Group LLC grew its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,158 shares of the company’s stock after purchasing an additional 2,601 shares during the quarter. Strategic Planning Group LLC’s holdings in Cloudflare were worth $8,114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NET. Jennison Associates LLC boosted its stake in Cloudflare by 802.6% during the 4th quarter. Jennison Associates LLC now owns 1,863,612 shares of the company’s stock worth $367,411,000 after purchasing an additional 1,657,144 shares during the last quarter. Groupama Asset Managment boosted its stake in Cloudflare by 82.6% during the 3rd quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock worth $450,639,000 after purchasing an additional 950,000 shares during the last quarter. Vanguard Group Inc. boosted its stake in Cloudflare by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company’s stock worth $6,934,958,000 after purchasing an additional 821,684 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in Cloudflare during the 3rd quarter worth $138,660,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in Cloudflare by 96.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,302,893 shares of the company’s stock worth $279,588,000 after purchasing an additional 639,245 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Activity

In other news, insider Michelle Zatlyn sold 35,080 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $187.39, for a total value of $6,573,641.20. Following the transaction, the insider owned 34,514 shares of the company’s stock, valued at $6,467,578.46. This represents a 50.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $173.78, for a total value of $9,103,291.52. Following the completion of the transaction, the chief executive officer directly owned 22,911 shares in the company, valued at approximately $3,981,473.58. This trade represents a 69.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 636,246 shares of company stock valued at $125,320,379 in the last quarter. Insiders own 10.89% of the company’s stock.

Cloudflare Stock Down 1.2%

Shares of NYSE:NET opened at $193.68 on Tuesday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.35. The business has a fifty day moving average of $205.76 and a two-hundred day moving average of $200.58. The stock has a market cap of $68.17 billion, a P/E ratio of -774.72 and a beta of 1.67. Cloudflare, Inc. has a 52-week low of $136.32 and a 52-week high of $260.00.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.84% and a negative net margin of 3.72%.The company had revenue of $639.76 million during the quarter, compared to analysts’ expectations of $620.83 million. During the same period in the prior year, the business earned $0.16 EPS. The firm’s quarterly 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. On average, research analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on NET. The Goldman Sachs Group cut shares of Cloudflare from a “buy” rating to a “sell” rating in a research note on Wednesday, April 15th. Barclays lifted their target price on shares of Cloudflare from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. KeyCorp cut shares of Cloudflare from an “overweight” rating to a “hold” rating in a research note on Wednesday, April 15th. Robert W. Baird set a $260.00 target price on Cloudflare and gave the company an “outperform” rating in a report on Wednesday, February 11th. Finally, UBS Group restated a “neutral” rating and issued a $220.00 target price on shares of Cloudflare in a report on Wednesday, February 11th. Eighteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $236.68.

Cloudflare 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.