iA Global Asset Management Inc. Buys Shares of 44,670 Cloudflare, Inc. $NET

iA Global Asset Management Inc. purchased a new position in shares of Cloudflare, Inc. (NYSE:NET) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 44,670 shares of the company’s stock, valued at approximately $9,217,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. IMA Advisory Services Inc. boosted its position in Cloudflare by 4.5% during the fourth quarter. IMA Advisory Services Inc. now owns 1,290 shares of the company’s stock worth $254,000 after acquiring an additional 55 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in Cloudflare by 55.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after acquiring an additional 56 shares during the last quarter. Silver Oak Securities Incorporated lifted its stake in shares of Cloudflare by 5.5% during the 4th quarter. Silver Oak Securities Incorporated now owns 1,090 shares of the company’s stock worth $218,000 after purchasing an additional 57 shares during the period. Certuity LLC lifted its stake in shares of Cloudflare by 1.8% during the 4th quarter. Certuity LLC now owns 3,156 shares of the company’s stock worth $622,000 after purchasing an additional 57 shares during the period. Finally, Cigna Investments Inc. New boosted its holdings in shares of Cloudflare by 2.0% during the fourth quarter. Cigna Investments Inc. New now owns 3,062 shares of the company’s stock worth $604,000 after purchasing an additional 61 shares during the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cloudflare

In other news, insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $219.11, for a total value of $5,618,199.51. Following the completion of the sale, the insider owned 47,425 shares of the company’s stock, valued at $10,391,291.75. This represents a 35.09% decrease in their ownership of the stock. The transaction was disclosed in a legal 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, Director Katrin Suder sold 293 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $252.92, for a total transaction of $74,105.56. Following the completion of the transaction, the director directly owned 37,430 shares in the company, valued at approximately $9,466,795.60. This represents a 0.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 566,112 shares of company stock valued at $121,310,716 over the last quarter. Company insiders own 10.66% of the company’s stock.

Cloudflare Stock Performance

Cloudflare stock opened at $246.41 on Thursday. The company has a market cap of $87.10 billion, a price-to-earnings ratio of -985.64, a price-to-earnings-growth ratio of 247.03 and a beta of 1.67. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $276.82. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The stock’s 50-day moving average is $224.70 and its 200-day moving average is $204.34.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $639.75 million during the quarter, compared to analysts’ expectations of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. Equities analysts anticipate that Cloudflare, Inc. will post 0.02 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NET shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research report on Monday, April 20th. Sanford C. Bernstein reissued a “market perform” rating and issued a $136.00 price target on shares of Cloudflare in a research note on Wednesday, June 10th. Cantor Fitzgerald restated a “neutral” rating and issued a $230.00 price target (up from $224.00) on shares of Cloudflare in a report on Wednesday, June 10th. Mizuho upped their price objective on shares of Cloudflare from $235.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Finally, Zacks Research raised shares of Cloudflare from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. Twenty-one research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $241.35.

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.