124,328 Shares in Cloudflare, Inc. $NET Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in shares of Cloudflare, Inc. (NYSE:NET) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 124,328 shares of the company’s stock, valued at approximately $30,495,000.

Several other institutional investors have also recently made changes to their positions in the stock. Empowered Funds LLC raised its stake in Cloudflare by 34.2% during the 1st quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock worth $750,000 after acquiring an additional 1,696 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Cloudflare in the second quarter worth $424,000. Cerity Partners LLC raised its position in shares of Cloudflare by 30.1% during the 2nd quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock valued at $5,391,000 after purchasing an additional 6,363 shares during the period. Sei Investments Co. raised its position in shares of Cloudflare by 40.1% during the 2nd quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock valued at $64,432,000 after purchasing an additional 94,112 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Cloudflare by 14.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock valued at $3,224,000 after buying an additional 2,093 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on NET shares. Royal Bank Of Canada raised their price target on Cloudflare from $290.00 to $346.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Zacks Research downgraded Cloudflare from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Guggenheim boosted their target price on shares of Cloudflare from $140.00 to $160.00 and gave the stock a “sell” rating in a report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research note on Friday, July 17th. Finally, Needham & Company LLC boosted their price target on shares of Cloudflare from $280.00 to $380.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $320.19.

Cloudflare Stock Down 2.8%

Shares of NYSE:NET opened at $299.69 on Friday. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $332.22. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. The business’s 50 day moving average is $274.42 and its 200 day moving average is $231.62. The stock has a market cap of $105.93 billion, a P/E ratio of -516.71, a price-to-earnings-growth ratio of 189.27 and a beta of 1.65.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, August 6th. 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 return on equity of 3.88% and a negative net margin of 8.21%.The firm had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. During the same period in the previous year, the company posted $0.21 earnings per share. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Sell-side analysts predict that Cloudflare, Inc. will post 0.03 EPS for the current year.

Insider Activity

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 directly owned 113,790 shares in the company, valued at $34,171,137. This represents a 32.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $294.63, for a total value of $9,723,673.89. Following the completion of the transaction, the insider owned 69,775 shares in the company, valued at $20,557,808.25. This trade represents a 32.11% 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. In the last three months, insiders have sold 640,531 shares of company stock worth $168,474,753. 10.66% of the stock is currently owned by company insiders.

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.