Cloudflare, Inc. $NET Stock Holdings Lessened by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its stake in shares of Cloudflare, Inc. (NYSE:NET) by 69.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,392 shares of the company’s stock after selling 7,775 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Cloudflare were worth $700,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wiser Advisor Group LLC acquired a new position in Cloudflare in the 3rd quarter valued at approximately $26,000. HM Payson & Co. acquired a new stake in shares of Cloudflare during the 4th quarter valued at $25,000. Wexford Capital LP acquired a new stake in shares of Cloudflare during the 3rd quarter valued at $30,000. Brown Brothers Harriman & Co. boosted its position in Cloudflare by 55.4% during the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after purchasing an additional 56 shares during the last quarter. Finally, Rachor Investment Advisory Services LLC purchased a new position in Cloudflare in the fourth quarter valued at about $35,000. 82.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on NET shares. Needham & Company LLC upped their target price on Cloudflare from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. KeyCorp reiterated an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. The Goldman Sachs Group cut Cloudflare from a “buy” rating to a “sell” rating in a research note on Wednesday, April 15th. Mizuho increased their price objective on Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Finally, Barclays raised their price objective on shares of Cloudflare from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cloudflare currently has an average rating of “Moderate Buy” and an average target price of $261.19.

Cloudflare Price Performance

NYSE NET opened at $262.53 on Friday. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $291.00. The stock’s 50-day moving average is $242.42 and its two-hundred day moving average is $212.03. The firm has a market cap of $92.80 billion, a P/E ratio of -1,050.12, a price-to-earnings-growth ratio of 274.15 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (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 company had revenue of $639.75 million during the quarter, compared to the consensus estimate of $620.83 million. During the same quarter in the prior year, the company posted $0.16 EPS. The firm’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. On average, analysts anticipate that Cloudflare, Inc. will post 0.02 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mark J. Hawkins sold 133 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $249.00, for a total value of $33,117.00. Following the completion of the sale, the director directly owned 10,765 shares in the company, valued at approximately $2,680,485. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 25,641 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $219.11, for a total transaction of $5,618,199.51. Following the sale, the insider directly owned 47,425 shares of the company’s stock, valued at approximately $10,391,291.75. This represents a 35.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 564,903 shares of company stock valued at $127,356,194. 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.