Cloudflare, Inc. $NET Position Decreased by Bamco Inc. NY

Bamco Inc. NY decreased its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 409,604 shares of the company’s stock after selling 44,630 shares during the period. Bamco Inc. NY’s holdings in Cloudflare were worth $80,753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NET. Norges Bank bought a new position in shares of Cloudflare during the 4th quarter valued at about $718,316,000. Jennison Associates LLC boosted its position in shares of Cloudflare by 802.6% during the 4th quarter. Jennison Associates LLC now owns 1,863,612 shares of the company’s stock valued at $367,411,000 after purchasing an additional 1,657,144 shares in the last quarter. Groupama Asset Managment boosted its position in shares of Cloudflare by 82.6% during the 3rd quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock valued at $450,639,000 after purchasing an additional 950,000 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Cloudflare by 25.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock valued at $323,259,000 after purchasing an additional 336,768 shares in the last quarter. Finally, National Pension Service boosted its holdings in shares of Cloudflare by 53.2% in the fourth quarter. National Pension Service now owns 948,003 shares of the company’s stock worth $186,899,000 after buying an additional 329,341 shares during the period. Institutional investors own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

NET has been the topic of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research report on Monday, April 20th. Citigroup reaffirmed a “market outperform” rating on shares of Cloudflare in a research note on Monday. Needham & Company LLC lifted their price objective on shares of Cloudflare from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Citizens Jmp reissued a “market outperform” rating and set a $270.00 target price on shares of Cloudflare in a research note on Monday. Finally, Truist Financial increased their target price on Cloudflare from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Twenty-one research 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. Based on data from MarketBeat.com, Cloudflare presently has a consensus rating of “Moderate Buy” and an average price target of $241.35.

Insider Buying and Selling at Cloudflare

In other news, Director John Graham-Cumming sold 2,520 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $235.95, for a total value of $594,594.00. Following the transaction, the director directly owned 494,067 shares of the company’s stock, valued at approximately $116,575,108.65. This represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alissa Michelle Starzak sold 16,243 shares of Cloudflare stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $216.15, for a total value of $3,510,924.45. Following the sale, the insider directly owned 118,395 shares of the company’s stock, valued at approximately $25,591,079.25. The trade was a 12.06% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 410,195 shares of company stock valued at $86,581,825 in the last 90 days. Corporate insiders own 10.66% of the company’s stock.

Cloudflare Stock Performance

Shares of Cloudflare stock opened at $228.07 on Thursday. The stock has a market cap of $80.62 billion, a PE ratio of -912.28, a price-to-earnings-growth ratio of 411.56 and a beta of 1.70. The business has a fifty day simple moving average of $217.30 and a 200-day simple moving average of $202.45. 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 12 month low of $158.83 and a 12 month high of $276.82.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $639.76 million during the quarter, compared to analysts’ expectations of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same period last year, the company posted $0.16 earnings per share. 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, sell-side analysts anticipate that Cloudflare, Inc. will post 0.01 EPS for the current fiscal year.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare announced a new Cloudflare One Design Partner Designation to help select global partners accelerate secure AI and SASE adoption, reinforcing demand for its enterprise security platform and supporting its long-term growth narrative.
• Positive Sentiment: Analyst and investor interest remains constructive, with Cloudflare highlighted as one of the more watched generative AI software names and previously supported by bullish analyst ratings and price targets.
• Neutral Sentiment: A third-party announcement about Spur’s no-code Cloudflare integration added ecosystem visibility, but it does not appear to materially change Cloudflare’s fundamentals.
• Neutral Sentiment: JLens urged shareholders to withhold votes on two directors ahead of the June 30 annual meeting, creating a governance headline that could keep some investors cautious.
• Negative Sentiment: Cloudflare CFO Thomas J. Seifert sold 10,000 shares under a pre-arranged trading plan, and Director John Graham-Cumming also sold shares, which may pressure sentiment even though the sales were routine and relatively small versus their holdings.
• Negative Sentiment: Shares have also been weaker than the broader market in the latest sessions, suggesting some profit-taking after a strong run and leaving the stock sensitive to any negative headlines.

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.