Cloudflare, Inc. $NET Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. trimmed its position in shares of Cloudflare, Inc. (NYSE:NET) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 358,681 shares of the company’s stock after selling 16,340 shares during the period. Bessemer Group Inc.’s holdings in Cloudflare were worth $70,714,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NET. Jennison Associates LLC grew its holdings in Cloudflare by 802.6% during the 4th quarter. Jennison Associates LLC now owns 1,863,612 shares of the company’s stock valued at $367,411,000 after purchasing an additional 1,657,144 shares in the last quarter. Groupama Asset Managment grew its holdings in Cloudflare by 82.6% during the 3rd quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock valued at $450,639,000 after purchasing an additional 950,000 shares in the last quarter. Vanguard Group Inc. grew its holdings in Cloudflare by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company’s stock valued at $6,934,958,000 after purchasing an additional 821,684 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in Cloudflare during the 3rd quarter valued at $138,660,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in Cloudflare by 96.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,302,893 shares of the company’s stock valued at $279,588,000 after purchasing an additional 639,245 shares in the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NET has been the topic of a number of research analyst reports. New Street Research set a $140.00 price objective on shares of Cloudflare in a research note on Wednesday, February 11th. Mizuho cut their target price on shares of Cloudflare from $255.00 to $235.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 14th. Citigroup started coverage on shares of Cloudflare in a research note on Wednesday, April 15th. They issued a “buy” rating on the stock. Susquehanna upped 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. Finally, TD Cowen restated a “buy” rating on shares of Cloudflare in a research report on Tuesday, January 27th. Eighteen 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $236.68.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 41,557 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $185.04, for a total transaction of $7,689,707.28. Following the transaction, the chief financial officer owned 85,452 shares of the company’s stock, valued at approximately $15,812,038.08. This trade represents a 32.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michelle Zatlyn sold 35,080 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $187.39, for a total transaction of $6,573,641.20. Following the transaction, the insider directly owned 34,514 shares in the company, valued at approximately $6,467,578.46. The trade was a 50.41% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 636,246 shares of company stock valued at $125,320,379. Company insiders own 10.89% of the company’s stock.

Cloudflare Stock Down 1.3%

NET stock opened at $197.14 on Friday. The stock has a market cap of $69.68 billion, a PE ratio of -788.54 and a beta of 1.67. The company has a quick ratio of 1.98, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The firm’s 50-day simple moving average is $206.94 and its 200 day simple moving average is $200.09. Cloudflare, Inc. has a fifty-two week low of $152.41 and a fifty-two week high of $260.00.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $639.76 million for the quarter, compared to analysts’ expectations of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. Cloudflare’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter last year, the company 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. As a group, sell-side analysts predict that Cloudflare, Inc. will post -0.1 EPS for the current year.

Cloudflare Company 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.