Liontrust Investment Partners LLP Lowers Position in Cloudflare, Inc. $NET

Liontrust Investment Partners LLP trimmed its position in shares of Cloudflare, Inc. (NYSE:NET) by 55.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,198 shares of the company’s stock after selling 61,831 shares during the quarter. Liontrust Investment Partners LLP’s holdings in Cloudflare were worth $10,358,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Lingotto Investment Management LLP bought a new stake in shares of Cloudflare in the 4th quarter valued at approximately $34,626,000. Trek Financial LLC bought a new position in shares of Cloudflare during the 4th quarter worth approximately $1,793,000. Jupiter Asset Management Ltd. lifted its position in shares of Cloudflare by 1,984.7% during the 4th quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock worth $38,979,000 after buying an additional 188,226 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Cloudflare by 25.8% in the 4th 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 in the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in Cloudflare by 17.6% in the 1st 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 in the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on NET. Truist Financial upped their price target on Cloudflare from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Citigroup restated a “market outperform” rating on shares of Cloudflare in a research note on Monday, July 20th. Stifel Nicolaus set a $260.00 target price on shares of Cloudflare in a report on Friday, May 8th. Piper Sandler reaffirmed an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. Finally, Susquehanna increased their target price on shares of Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cloudflare has an average rating of “Moderate Buy” and a consensus price target of $261.19.

Cloudflare Stock Performance

Cloudflare stock opened at $284.01 on Friday. The stock has a 50-day simple moving average of $248.82 and a 200 day simple moving average of $214.70. 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, Inc. has a 12-month low of $158.83 and a 12-month high of $291.00. The stock has a market capitalization 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 (NYSE:NET) last issued 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. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The company’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, research analysts anticipate that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Transactions at Cloudflare

In related news, 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 value of $7,506,418.40. Following the completion of the sale, the insider owned 47,425 shares of the company’s stock, valued at $10,148,001.50. This trade represents a 42.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,422 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $249.09, for a total transaction of $13,057,795.98. 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 sold 549,770 shares of company stock valued at $124,090,448. Insiders own 10.66% of the company’s stock.

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.