Cloudflare, Inc. $NET Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in Cloudflare, Inc. (NYSE:NET) by 1.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 465,859 shares of the company’s stock after selling 6,544 shares during the quarter. California State Teachers Retirement System’s holdings in Cloudflare were worth $96,125,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Cloudflare by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock worth $6,389,167,000 after acquiring an additional 90,397 shares during the period. Geode Capital Management LLC raised its stake in shares of Cloudflare by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock valued at $1,184,044,000 after purchasing an additional 241,981 shares during the period. Jennison Associates LLC boosted its stake in shares of Cloudflare by 135.8% in the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after purchasing an additional 2,530,872 shares during the period. First Trust Advisors LP grew its holdings in Cloudflare by 1.6% during the 4th quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock valued at $792,377,000 after purchasing an additional 63,198 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Cloudflare by 1.3% in the 3rd quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock worth $850,792,000 after buying an additional 49,485 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Cloudflare Trading Up 2.5%

Shares of NYSE NET opened at $270.58 on Thursday. The stock’s 50 day moving average price is $247.39 and its two-hundred day moving average price is $213.98. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $291.00. The stock has a market capitalization of $95.64 billion, a P/E ratio of -1,082.32, a PEG ratio of 203.92 and a beta of 1.67. 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 (NYSE:NET) last released its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $639.75 million for the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.Cloudflare’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. 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, analysts anticipate that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cloudflare news, insider Michelle Zatlyn sold 35,080 shares of Cloudflare stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $213.98, for a total value of $7,506,418.40. Following the completion of the transaction, the insider owned 47,425 shares of the company’s stock, valued at $10,148,001.50. The trade was a 42.52% decrease in their ownership of the stock. The transaction 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, CEO Matthew Prince sold 52,422 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were 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. In the last ninety days, insiders sold 554,912 shares of company stock valued at $125,199,636. 10.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NET has been the subject of a number of analyst reports. Citizens Jmp increased their price target on Cloudflare from $270.00 to $330.00 and gave the company a “market outperform” rating in a report on Monday, July 20th. Sanford C. Bernstein restated a “market perform” rating and set a $136.00 price objective on shares of Cloudflare in a report on Wednesday, June 10th. Wells Fargo & Company upped their target price on Cloudflare from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Jefferies Financial Group cut Cloudflare from a “buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Stifel Nicolaus set a $260.00 price target on shares of Cloudflare in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and a consensus target price of $261.19.

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.