Plato Investment Management Ltd Takes Position in Cloudflare, Inc. $NET

Plato Investment Management Ltd acquired a new stake in shares of Cloudflare, Inc. (NYSE:NET) during the second quarter, Holdings Channel reports. The firm acquired 6,147 shares of the company’s stock, valued at approximately $1,499,000.

Other hedge funds have also made changes to their positions in the company. HM Payson & Co. acquired a new stake in Cloudflare in the fourth quarter worth approximately $25,000. Wiser Advisor Group LLC bought a new position in Cloudflare during the 3rd quarter valued at $26,000. Wexford Capital LP acquired a new position in shares of Cloudflare during the 3rd quarter valued at $30,000. CX Institutional raised its stake in shares of Cloudflare by 49.4% in the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after buying an additional 44 shares in the last quarter. Finally, Cape Investment Advisory Inc. bought a new stake in shares of Cloudflare in the 2nd quarter worth $33,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Trading Down 2.7%

NYSE NET opened at $307.22 on Tuesday. The firm’s 50 day moving average price is $263.16 and its two-hundred day moving average price is $224.67. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $332.22. The stock has a market cap of $108.59 billion, a price-to-earnings ratio of -529.69, a PEG ratio of 230.77 and a beta of 1.65.

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

Analyst Ratings Changes

NET has been the subject of several research reports. Truist Financial raised their target price on Cloudflare from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Morgan Stanley reaffirmed an “overweight” rating and set a $370.00 target price on shares of Cloudflare in a report on Friday, August 7th. Stifel Nicolaus set a $260.00 price target on Cloudflare in a research report on Friday, May 8th. Oppenheimer lifted their price target on Cloudflare from $330.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, Robert W. Baird set a $330.00 price objective on Cloudflare in a report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and an average price target of $320.19.

Insider Activity at Cloudflare

In related news, CFO Thomas J. Seifert sold 55,000 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total value of $16,516,500.00. Following the completion of the sale, the chief financial officer directly owned 113,790 shares of the company’s stock, valued at approximately $34,171,137. This represents a 32.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 682,854 shares of company stock valued at $170,618,958. Company insiders own 10.66% of the company’s stock.

About Cloudflare

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.