Thrivent Financial for Lutherans Acquires Shares of 28,114 Cloudflare, Inc. $NET

Thrivent Financial for Lutherans acquired a new stake in shares of Cloudflare, Inc. (NYSE:NET) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,114 shares of the company’s stock, valued at approximately $5,543,000.

Other institutional investors also recently modified their holdings of the company. Frank Rimerman Advisors LLC grew its position in Cloudflare by 1.8% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 2,821 shares of the company’s stock valued at $605,000 after purchasing an additional 51 shares during the period. Brown Brothers Harriman & Co. lifted its stake in shares of Cloudflare by 55.4% in the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after buying an additional 56 shares in the last quarter. Silver Oak Securities Incorporated lifted its stake in shares of Cloudflare by 5.5% in the fourth quarter. Silver Oak Securities Incorporated now owns 1,090 shares of the company’s stock valued at $218,000 after buying an additional 57 shares in the last quarter. Certuity LLC grew its holdings in shares of Cloudflare by 1.8% during the fourth quarter. Certuity LLC now owns 3,156 shares of the company’s stock valued at $622,000 after buying an additional 57 shares during the last quarter. Finally, Rothschild Investment LLC increased its position in shares of Cloudflare by 37.4% during the third quarter. Rothschild Investment LLC now owns 224 shares of the company’s stock worth $48,000 after acquiring an additional 61 shares in the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare’s partnership with Anthropic to launch Cloudflare Environments for Claude Managed Agents is being viewed as a meaningful step into AI infrastructure, which could support future revenue growth and broader platform adoption. Cloudflare (NET) Stock Trades Up, Here Is Why
• Positive Sentiment: Recent coverage continues to frame Cloudflare as an AI and big-data beneficiary, with sector interest in cloud and cybersecurity names helping sentiment around the stock. Invest in These 5 Big Data Behemoths to Gain From Wall Street Rally
• Neutral Sentiment: Cloudflare’s latest earnings report was solid, beating estimates on both EPS and revenue, but the market reaction has been mixed as investors weigh strong growth against ongoing losses and rich valuation.
• Neutral Sentiment: Several analysts remain constructive overall, with a consensus Moderate Buy rating, though opinions are still split and some firms continue to advise caution.
• Negative Sentiment: CEO Matthew Prince and CAO Janel Riley both filed stock sales, and CFO Thomas J. Seifert also sold shares. Even though these were pre-planned 10b5-1 transactions, insider selling can still create short-term pressure on the stock.

Cloudflare Trading Up 1.1%

NYSE:NET opened at $212.47 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a market cap of $75.10 billion, a price-to-earnings ratio of -849.88 and a beta of 1.67. Cloudflare, Inc. has a 52 week low of $154.93 and a 52 week high of $260.00. The firm has a 50-day moving average price of $207.63 and a two-hundred day moving average price of $199.23.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $639.76 million for the quarter, compared to the consensus estimate 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 revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 EPS. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.

Insiders Place Their Bets

In other news, insider Michelle Zatlyn sold 25,641 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $189.50, for a total transaction of $4,858,969.50. Following the completion of the sale, the insider directly owned 34,514 shares of the company’s stock, valued at $6,540,403. This trade represents a 42.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $173.78, for a total transaction of $9,103,291.52. Following the completion of the transaction, the chief executive officer directly owned 22,911 shares in the company, valued at $3,981,473.58. This trade represents a 69.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 655,550 shares of company stock valued at $131,181,924 in the last 90 days. Corporate insiders own 10.89% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NET shares. Mizuho lowered their target price on shares of Cloudflare from $255.00 to $235.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. BTIG Research reissued a “buy” rating and set a $243.00 price objective on shares of Cloudflare in a report on Friday, May 8th. UBS Group reissued a “neutral” rating and issued a $220.00 price objective on shares of Cloudflare in a research note on Wednesday, February 11th. Wells Fargo & Company lifted their target price on Cloudflare from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Finally, Morgan Stanley set a $245.00 price target on Cloudflare in a report 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $236.68.

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.