Cloudflare, Inc. $NET Shares Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp increased its position in shares of Cloudflare, Inc. (NYSE:NET) by 33.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,274 shares of the company’s stock after acquiring an additional 3,559 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Cloudflare were worth $2,945,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Lombard Odier Asset Management Switzerland SA grew its position in Cloudflare by 8.0% in the 1st quarter. Lombard Odier Asset Management Switzerland SA now owns 10,836 shares of the company’s stock valued at $2,236,000 after acquiring an additional 800 shares in the last quarter. Waverly Advisors LLC lifted its position in shares of Cloudflare by 32.1% during the first quarter. Waverly Advisors LLC now owns 1,969 shares of the company’s stock worth $406,000 after purchasing an additional 479 shares in the last quarter. Bridgewater Advisors Inc. boosted its stake in shares of Cloudflare by 3.0% in the first quarter. Bridgewater Advisors Inc. now owns 6,094 shares of the company’s stock valued at $1,149,000 after purchasing an additional 180 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Cloudflare in the first quarter valued at approximately $4,086,000. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Cloudflare by 17.1% in the first quarter. Public Employees Retirement System of Ohio now owns 110,510 shares of the company’s stock valued at $22,803,000 after purchasing an additional 16,150 shares during the period. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Cloudflare Stock Performance

Shares of NET stock opened at $265.06 on Wednesday. The company has a market cap of $93.69 billion, a P/E ratio of -1,060.23, a PEG ratio of 205.09 and a beta of 1.67. The firm has a fifty day moving average price of $246.18 and a 200 day moving average price of $213.39. The company has a current ratio of 1.96, a quick 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.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $639.75 million for the quarter, compared to the consensus estimate of $620.83 million. During the same quarter in the prior year, the business posted $0.16 EPS. The business’s revenue for the quarter 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. Sell-side analysts predict that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Activity

In other Cloudflare news, insider Michelle Zatlyn sold 25,641 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 47,425 shares of the company’s stock, valued at approximately $10,391,291.75. This trade represents a 35.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark J. Hawkins sold 133 shares of Cloudflare stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $249.00, for a total value of $33,117.00. Following the sale, the director owned 10,765 shares in the company, valued at $2,680,485. This trade represents a 1.22% decrease in their position. 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. Insiders sold 554,912 shares of company stock worth $125,199,636 over the last three months. Company insiders own 10.66% of the company’s stock.

Wall Street Analysts Forecast Growth

NET has been the topic of several recent research reports. Raymond James Financial began coverage on shares of Cloudflare in a research note on Tuesday, July 7th. They set a “strong-buy” rating on the stock. Citizens Jmp boosted their price target on shares of Cloudflare from $270.00 to $330.00 and gave the stock a “market outperform” rating in a research note on Monday, July 20th. Oppenheimer upped their price objective on Cloudflare from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Barclays increased their price objective on Cloudflare from $250.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Finally, The Goldman Sachs Group cut Cloudflare from a “buy” rating to a “sell” rating in a research note on Wednesday, April 15th. Two research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.19.

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.