Meiji Yasuda Life Insurance Co Purchases 2,615 Shares of Cloudflare, Inc. $NET

Meiji Yasuda Life Insurance Co raised its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 26.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 12,645 shares of the company’s stock after acquiring an additional 2,615 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Cloudflare were worth $3,102,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NET. HM Payson & Co. bought a new stake in shares of Cloudflare in the fourth quarter valued at approximately $25,000. Wiser Advisor Group LLC purchased a new stake in shares of Cloudflare during the 3rd quarter valued at approximately $26,000. C M Bidwell & Associates Ltd. bought a new position in Cloudflare in the 2nd quarter worth approximately $30,000. Wexford Capital LP purchased a new position in Cloudflare in the 3rd quarter valued at approximately $30,000. Finally, CX Institutional grew its stake in Cloudflare by 49.4% in the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after buying an additional 44 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on NET shares. Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research report on Friday, July 17th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $136.00 price target on shares of Cloudflare in a research report on Wednesday, June 10th. Robert W. Baird set a $330.00 price objective on Cloudflare in a research note on Friday, August 7th. Jefferies Financial Group set a $350.00 price objective on Cloudflare in a report on Friday, August 7th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $389.00 target price on shares of Cloudflare in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $320.19.

Cloudflare Stock Performance

NYSE NET opened at $299.69 on Friday. The company has a 50-day simple moving average of $274.42 and a two-hundred day simple moving average of $231.62. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $332.22. The firm has a market cap of $105.93 billion, a price-to-earnings ratio of -516.71, a PEG ratio of 184.12 and a beta of 1.65. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $664.66 million. During the same quarter in the previous year, the business earned $0.21 earnings per share. The company’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. On average, equities analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current year.

Insiders Place Their Bets

In other news, insider Michelle Zatlyn sold 33,003 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $294.63, for a total transaction of $9,723,673.89. Following the completion of the sale, the insider owned 69,775 shares of the company’s stock, valued at approximately $20,557,808.25. This represents a 32.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 that occurred on Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total transaction 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. Insiders have sold 640,531 shares of company stock valued at $168,474,753 in the last ninety days. Company insiders own 10.66% of the company’s stock.

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.