Royal London Asset Management Ltd. Buys 183,183 Shares of Cloudflare, Inc. $NET

Royal London Asset Management Ltd. lifted its stake in Cloudflare, Inc. (NYSE:NET) by 89.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 386,929 shares of the company’s stock after purchasing an additional 183,183 shares during the period. Royal London Asset Management Ltd. owned 0.11% of Cloudflare worth $94,906,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Empowered Funds LLC raised its position in shares of Cloudflare by 34.2% during the first quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock worth $750,000 after acquiring an additional 1,696 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Cloudflare in the second quarter worth about $424,000. Cerity Partners LLC increased its position in Cloudflare by 30.1% in the second quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock worth $5,391,000 after purchasing an additional 6,363 shares during the period. Sei Investments Co. raised its holdings in Cloudflare by 40.1% during the 2nd quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock worth $64,432,000 after purchasing an additional 94,112 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Cloudflare by 14.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock worth $3,224,000 after purchasing an additional 2,093 shares during the last quarter. Institutional investors own 82.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NET. Wells Fargo & Company raised their target price on shares of Cloudflare from $300.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Citizens Jmp boosted their price target on shares of Cloudflare from $330.00 to $394.00 and gave the stock a “market outperform” rating in a research note on Friday, August 7th. Piper Sandler raised their price objective on shares of Cloudflare from $250.00 to $333.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft raised shares of Cloudflare to a “buy” rating in a report on Tuesday, July 7th. Finally, Mizuho upped their target price on shares of Cloudflare from $260.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $320.19.

Cloudflare Stock Performance

Shares of NET stock opened at $299.69 on Friday. The stock has a market cap 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. The stock has a 50-day moving average of $274.42 and a 200-day moving average of $231.62. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $332.22.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $664.66 million. During the same quarter last year, the firm earned $0.21 EPS. Cloudflare’s quarterly revenue 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. As a group, sell-side analysts expect that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Insider Activity

In related news, CEO Matthew Prince sold 52,422 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total transaction of $13,057,795.98. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 55,000 shares of Cloudflare stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total value of $16,516,500.00. Following the transaction, the chief financial officer owned 113,790 shares in the company, valued at approximately $34,171,137. This represents a 32.58% 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 640,531 shares of company stock valued at $168,474,753 in the last quarter. Company insiders own 10.66% of the company’s stock.

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.