Royal London Asset Management Ltd. Has $94.91 Million Holdings in Cloudflare, Inc. $NET

Royal London Asset Management Ltd. lifted its stake in shares of Cloudflare, Inc. (NYSE:NET) by 89.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 386,929 shares of the company’s stock after acquiring an additional 183,183 shares during the period. Royal London Asset Management Ltd.’s holdings in Cloudflare were worth $94,906,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Norges Bank bought a new stake in Cloudflare in the 4th quarter valued at $718,316,000. Jennison Associates LLC increased its holdings in Cloudflare by 135.8% during the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after purchasing an additional 2,530,872 shares in the last quarter. Corient Private Wealth LLC increased its holdings in Cloudflare by 4,042.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock worth $275,887,000 after purchasing an additional 1,365,598 shares in the last quarter. Swedbank AB raised its stake in shares of Cloudflare by 697.5% in the 1st quarter. Swedbank AB now owns 927,606 shares of the company’s stock valued at $191,402,000 after purchasing an additional 811,297 shares during the period. Finally, National Pension Service raised its stake in shares of Cloudflare by 53.2% in the 4th quarter. National Pension Service now owns 948,003 shares of the company’s stock valued at $186,899,000 after purchasing an additional 329,341 shares during the period. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Susquehanna upped their price objective on Cloudflare from $200.00 to $300.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. KeyCorp lifted their target price on Cloudflare from $300.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Scotiabank boosted their target price on Cloudflare from $300.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Mizuho upped their price target on Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Finally, Oppenheimer raised their price target on shares of Cloudflare from $330.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Cloudflare has a consensus rating of “Moderate Buy” and a consensus price target of $320.19.

Insider Transactions at Cloudflare

In other Cloudflare news, insider Alissa Michelle Starzak sold 2,538 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $304.68, for a total transaction of $773,277.84. Following the transaction, the insider owned 112,082 shares in the company, valued at $34,149,143.76. This represents a 2.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Graham-Cumming sold 2,520 shares of Cloudflare stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $303.97, for a total transaction of $766,004.40. Following the completion of the sale, the director owned 494,909 shares of the company’s stock, valued at approximately $150,437,488.73. The trade was a 0.51% 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 640,531 shares of company stock worth $168,474,753. Company insiders own 10.66% of the company’s stock.

Cloudflare Stock Performance

Shares of NYSE NET opened at $299.69 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a 50 day moving average price of $274.42 and a 200 day moving average price of $231.62. The stock has a market capitalization of $105.93 billion, a PE ratio of -516.71, a price-to-earnings-growth ratio of 189.27 and a beta of 1.65. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $332.22.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. Cloudflare’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 EPS. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Analysts predict that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

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.