Illinois Municipal Retirement Fund Buys 4,294 Shares of Cloudflare, Inc. $NET

Illinois Municipal Retirement Fund raised its stake in shares of Cloudflare, Inc. (NYSE:NET) by 62.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,118 shares of the company’s stock after purchasing an additional 4,294 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Cloudflare were worth $2,386,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in NET. Wedbush Securities Inc. bought a new stake in shares of Cloudflare in the third quarter valued at about $224,000. Varma Mutual Pension Insurance Co raised its holdings in Cloudflare by 8.7% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 59,900 shares of the company’s stock valued at $12,854,000 after acquiring an additional 4,800 shares in the last quarter. Caisse Des Depots ET Consignations bought a new stake in shares of Cloudflare in the 3rd quarter worth approximately $1,636,000. Savvy Advisors Inc. acquired a new stake in shares of Cloudflare during the 3rd quarter worth approximately $412,000. Finally, Krilogy Financial LLC acquired a new stake in shares of Cloudflare during the 3rd quarter worth approximately $355,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NET shares. Citizens Jmp upped their target price on Cloudflare from $250.00 to $270.00 and gave the company a “market outperform” rating in a research note on Friday, October 31st. Wells Fargo & Company increased their price objective on shares of Cloudflare from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. UBS Group reaffirmed a “neutral” rating and set a $220.00 price objective on shares of Cloudflare in a report on Wednesday. Royal Bank Of Canada raised their price target on shares of Cloudflare from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Robert W. Baird set a $260.00 price objective on Cloudflare and gave the company an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $232.11.

Insider Buying and Selling

In related news, insider Michelle Zatlyn sold 25,641 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $190.05, for a total transaction of $4,873,072.05. Following the transaction, the insider owned 24,555 shares in the company, valued at $4,666,677.75. This represents a 51.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Graham-Cumming sold 2,520 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $173.35, for a total transaction of $436,842.00. Following the completion of the sale, the director owned 495,191 shares of the company’s stock, valued at $85,841,359.85. The trade was a 0.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 565,963 shares of company stock valued at $111,028,286 in the last 90 days. 10.89% of the stock is owned by corporate insiders.

Cloudflare Stock Performance

NYSE NET opened at $196.00 on Monday. Cloudflare, Inc. has a 1-year low of $89.42 and a 1-year high of $260.00. The company has a 50 day moving average of $190.27 and a 200-day moving average of $204.83. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. The firm has a market cap of $68.66 billion, a price-to-earnings ratio of -675.84 and a beta of 1.97.

Cloudflare (NYSE:NET) last announced its earnings results on Tuesday, February 10th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. Cloudflare had a negative return on equity of 7.40% and a negative net margin of 4.72%.The business had revenue of $614.51 million for the quarter, compared to the consensus estimate of $591.67 million. During the same period in the previous year, the business earned $0.19 EPS. Cloudflare’s revenue was up 33.6% compared to the same quarter last year. On average, equities analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Trending Headlines about Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Q4 beat — Cloudflare reported revenue of ~$614.5M (+33.6% YoY) and EPS of $0.28, with management highlighting record deal activity, rising RPO/cRPO and improving free cash flow. MSN: Q4 growth
• Positive Sentiment: Revenue guidance topped estimates — management raised FY‑2026 revenue outlook (management cited a figure near $2.795B), signaling confidence in sustained demand and driving the rally. Investing.com: Guidance beats
• Positive Sentiment: AI tailwind — multiple reports and management commentary point to rising “agentic” traffic (e.g., Moltbot) that boosts security, networking and edge services, creating a durable demand cycle. Yahoo: AI deals
• Positive Sentiment: Analyst upgrades and higher targets — several firms upgraded or raised targets (examples include Robert W. Baird to outperform/$260 and DZ Bank to buy/$215), adding conviction to the upside thesis. Finviz: Analyst moves
• Positive Sentiment: Elevated options activity — unusually large call buying (13,474 contracts) suggests short‑term bullish/speculative positioning around the stock.
• Neutral Sentiment: Mixed analyst notes — some firms reaffirm neutral/hold stances (Cantor Fitzgerald) or trimmed PTs modestly while keeping buy ratings, reflecting differing views on valuation vs. growth. Zacks: Analyst roundup
• Neutral Sentiment: Valuation questions persist — coverage pieces and valuation checks note Cloudflare’s rich multiples given ongoing margin/headwind dynamics, so upside depends on continued revenue leverage. Yahoo: Valuation check
• Negative Sentiment: Insider sale disclosed — director John Graham‑Cumming sold 2,520 shares; small relative to his holdings but noted by the market. SEC: Form 4
• Negative Sentiment: Institutional profit‑taking — at least one fund materially trimmed its stake in recent filings, evidence of some near‑term selling pressure amid the rally. DefenseWorld: Institutional trimming
• Negative Sentiment: Some target cuts — a few analysts reduced price targets (e.g., Scotiabank), underscoring uneven short‑term sentiment despite the beat. TickerReport: PT cuts

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.