Meiji Yasuda Asset Management Co Ltd. Invests $8.43 Million in Cloudflare, Inc. $NET

Meiji Yasuda Asset Management Co Ltd. bought a new stake in Cloudflare, Inc. (NYSE:NET) during the second quarter, Holdings Channel reports. The institutional investor bought 34,384 shares of the company’s stock, valued at approximately $8,434,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wiser Advisor Group LLC acquired a new stake in shares of Cloudflare during the third quarter worth about $26,000. C M Bidwell & Associates Ltd. acquired a new position in Cloudflare in the 2nd quarter valued at about $30,000. HM Payson & Co. purchased a new stake in Cloudflare during the 4th quarter valued at approximately $25,000. CX Institutional raised its stake in Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 44 shares during the last quarter. Finally, Cape Investment Advisory Inc. acquired a new stake in Cloudflare during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NET. The Goldman Sachs Group reissued a “buy” rating and issued a $389.00 target price on shares of Cloudflare in a report on Friday, August 7th. Royal Bank Of Canada lifted their price objective on shares of Cloudflare from $290.00 to $346.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Cloudflare to a “buy” rating in a research report on Tuesday, July 7th. Guggenheim lifted their target price on shares of Cloudflare from $140.00 to $160.00 and gave the company a “sell” rating in a report on Friday, August 7th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $136.00 price target on shares of Cloudflare in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $320.19.

Cloudflare Trading Up 0.0%

NYSE:NET opened at $293.16 on Monday. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $332.22. 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 fifty day moving average price of $268.24 and a two-hundred day moving average price of $227.77. The stock has a market capitalization of $103.62 billion, a price-to-earnings ratio of -505.45, a PEG ratio of 180.01 and a beta of 1.65.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $696.06 million for 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%. The business’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the prior 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. As a group, sell-side analysts anticipate that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michelle Zatlyn sold 33,003 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $294.63, for a total transaction of $9,723,673.89. Following the sale, the insider owned 69,775 shares of the company’s stock, valued at $20,557,808.25. The trade was a 32.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,422 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $249.09, for a total value of $13,057,795.98. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 682,415 shares of company stock worth $177,417,210. 10.66% of the stock is owned by company insiders.

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.