AustralianSuper Pty Ltd Has $82.20 Million Stake in Cloudflare, Inc. $NET

AustralianSuper Pty Ltd lessened its position in Cloudflare, Inc. (NYSE:NET) by 19.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 416,958 shares of the company’s stock after selling 98,074 shares during the period. AustralianSuper Pty Ltd’s holdings in Cloudflare were worth $82,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Physician Wealth Advisors Inc. lifted its holdings in Cloudflare by 693.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after purchasing an additional 104 shares during the last quarter. Wiser Advisor Group LLC acquired a new position in shares of Cloudflare in the third quarter valued at $26,000. Westside Investment Management Inc. raised its position in shares of Cloudflare by 100.0% in the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after purchasing an additional 65 shares during the period. Wexford Capital LP bought a new position in shares of Cloudflare in the third quarter valued at about $30,000. Finally, Cloud Capital Management LLC acquired a new stake in shares of Cloudflare during the 3rd quarter worth about $31,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare Stock Performance

Shares of NYSE:NET opened at $199.36 on Friday. The company’s 50 day simple moving average is $206.72 and its 200 day simple moving average is $200.11. The stock has a market capitalization of $70.17 billion, a price-to-earnings ratio of -797.42 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.98. Cloudflare, Inc. has a 1 year low of $150.59 and a 1 year high of $260.00.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $639.76 million during the quarter, compared to analysts’ expectations of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 earnings per share. 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, research analysts predict that Cloudflare, Inc. will post -0.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NET has been the subject of several research analyst reports. Wells Fargo & Company lifted their target price on shares of Cloudflare from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a report on Monday, April 20th. Piper Sandler restated an “overweight” rating and set a $250.00 price objective (up from $222.00) on shares of Cloudflare in a report on Friday, May 8th. Truist Financial set a $225.00 target price on Cloudflare in a research report on Tuesday, January 20th. Finally, Royal Bank Of Canada increased their target price on Cloudflare from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Eighteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $236.68.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 25,641 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $209.15, for a total value of $5,362,815.15. Following the sale, the insider owned 34,514 shares in the company, valued at $7,218,603.10. This trade represents a 42.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Graham-Cumming sold 2,520 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $221.58, for a total transaction of $558,381.60. Following the transaction, the director owned 494,067 shares of the company’s stock, valued at $109,475,365.86. This trade represents 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. Insiders sold 636,246 shares of company stock worth $125,320,379 over the last quarter. 10.89% of the stock is currently owned by company insiders.

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.