WINTON GROUP Ltd Has $2.04 Million Position in Cloudflare, Inc. $NET

WINTON GROUP Ltd lessened its position in Cloudflare, Inc. (NYSE:NET) by 61.9% in the 2nd quarter, Holdings Channel reports. The firm owned 8,333 shares of the company’s stock after selling 13,536 shares during the period. WINTON GROUP Ltd’s holdings in Cloudflare were worth $2,044,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NET. Lingotto Investment Management LLP acquired a new position in Cloudflare in the fourth quarter valued at about $34,626,000. Jupiter Asset Management Ltd. raised its position in shares of Cloudflare by 1,984.7% during the fourth quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock worth $38,979,000 after purchasing an additional 188,226 shares during the period. Pictet Asset Management Holding SA raised its position in shares of Cloudflare by 17.6% during the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock worth $284,900,000 after purchasing an additional 206,506 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of Cloudflare during the 4th quarter valued at about $5,543,000. Finally, Insight Holdings Group LLC bought a new position in shares of Cloudflare during the 1st quarter valued at about $6,768,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NET has been the subject of a number of research reports. Cantor Fitzgerald reissued a “neutral” rating and set a $250.00 target price on shares of Cloudflare in a research note on Monday, August 3rd. Mizuho raised their target price on shares of Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. TD Cowen lifted their price target on shares of Cloudflare from $300.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, August 7th. KeyCorp upped their price target on shares of Cloudflare from $300.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, New Street Research reissued a “market outperform” rating on shares of Cloudflare in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $320.19.

Cloudflare Stock Performance

Shares of NET stock opened at $306.22 on Friday. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $332.22. The company’s fifty day simple moving average is $285.92 and its 200-day simple moving average is $238.94. The firm has a market cap of $108.24 billion, a PE ratio of -527.97, a P/E/G ratio of 254.36 and a beta of 1.66. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22.

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

Insider Activity

In related news, insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $294.63, for a total value of $9,723,673.89. Following the sale, the insider owned 69,775 shares of the company’s stock, valued at approximately $20,557,808.25. The trade was a 32.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total value 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. Insiders sold 706,244 shares of company stock worth $186,761,866 in the last quarter. Corporate insiders own 10.66% of the company’s stock.

Cloudflare Company Profile

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

The company’s offerings include content delivery and domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.