19,800 Shares in Cloudflare, Inc. $NET Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Cloudflare, Inc. (NYSE:NET) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 19,800 shares of the company’s stock, valued at approximately $4,086,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lingotto Investment Management LLP acquired a new position in Cloudflare in the fourth quarter worth $34,626,000. Trek Financial LLC acquired a new stake in shares of Cloudflare in the fourth quarter valued at $1,793,000. Jupiter Asset Management Ltd. increased its stake in shares of Cloudflare by 1,984.7% in the fourth quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock valued at $38,979,000 after buying an additional 188,226 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Cloudflare by 25.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock valued at $323,259,000 after buying an additional 336,768 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Cloudflare by 17.6% in the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock valued at $284,900,000 after buying an additional 206,506 shares during the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on NET. New Street Research reissued a “market outperform” rating on shares of Cloudflare in a report on Monday, June 15th. Benchmark downgraded shares of Cloudflare to an “underperform” rating in a research note on Tuesday, July 7th. Needham & Company LLC boosted their target price on shares of Cloudflare from $250.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Sanford C. Bernstein reiterated a “market perform” rating and set a $136.00 target price on shares of Cloudflare in a research report on Wednesday, June 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research note on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued 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 has a consensus rating of “Moderate Buy” and a consensus target price of $261.19.

Insider Activity

In related news, CEO Matthew Prince sold 52,422 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $249.09, for a total value of $13,057,795.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the completion of the transaction, the insider directly owned 47,425 shares in the company, valued at approximately $10,148,001.50. The trade was a 42.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 549,770 shares of company stock worth $124,090,448 in the last ninety days. Insiders own 10.66% of the company’s stock.

Cloudflare Price Performance

Cloudflare stock opened at $284.01 on Friday. The business’s 50-day simple moving average is $248.82 and its 200 day simple moving average is $214.70. The stock has a market cap of $100.39 billion, a price-to-earnings ratio of -1,136.05, a P/E/G ratio of 208.77 and a beta of 1.67. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $291.00. 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 announced its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $639.75 million during the quarter, compared to analyst estimates 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 was up 33.5% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. As a group, research analysts anticipate that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

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.