Nomura Asset Management Co. Ltd. Increases Stock Position in Cloudflare, Inc. $NET

Nomura Asset Management Co. Ltd. increased its position in Cloudflare, Inc. (NYSE:NET) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 398,326 shares of the company’s stock after acquiring an additional 4,133 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.11% of Cloudflare worth $78,530,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. raised its holdings in Cloudflare by 693.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after acquiring an additional 104 shares during the last quarter. Wiser Advisor Group LLC purchased a new position in Cloudflare in the 3rd quarter worth approximately $26,000. Westside Investment Management Inc. raised its holdings in Cloudflare by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after acquiring an additional 65 shares during the last quarter. Wexford Capital LP purchased a new position in Cloudflare in the 3rd quarter worth approximately $30,000. Finally, Ameriflex Group Inc. raised its holdings in Cloudflare by 105.6% in the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after acquiring an additional 76 shares during the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Michelle Zatlyn sold 35,080 shares of Cloudflare stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the transaction, the insider directly owned 47,425 shares of the company’s stock, valued at $10,148,001.50. The trade was a 42.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $209.08, for a total value of $10,952,446.72. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 585,862 shares of company stock worth $121,988,011. 10.89% of the stock is owned by insiders.

Cloudflare Stock Up 6.0%

Cloudflare stock opened at $241.82 on Friday. The stock has a market cap of $85.48 billion, a PE ratio of -967.27 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $260.00. The stock has a fifty day moving average of $208.57 and a 200 day moving average of $198.97.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The firm had revenue of $639.76 million during the quarter, compared to analyst estimates of $620.83 million. During the same period in the prior year, the business posted $0.16 EPS. Cloudflare’s revenue was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NET shares. Susquehanna boosted their target price on shares of Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a report on Monday, April 20th. Citigroup assumed coverage on Cloudflare in a report on Wednesday, April 15th. They issued a “buy” rating for the company. KeyCorp cut Cloudflare from an “overweight” rating to a “hold” rating in a research report on Wednesday, April 15th. Finally, DZ Bank upgraded Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a research report on Friday, February 13th. Eighteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $236.68.

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.