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

WINTON GROUP Ltd decreased its position in shares of Cloudflare, Inc. (NYSE:NET) by 61.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 modified their holdings of the business. California State Teachers Retirement System raised its position in shares of Cloudflare by 24,491.6% during the second quarter. California State Teachers Retirement System now owns 114,562,194 shares of the company’s stock valued at $28,099,815,000 after buying an additional 114,096,335 shares during the last quarter. Norges Bank bought a new position in Cloudflare during the fourth quarter valued at about $718,316,000. Jennison Associates LLC increased its position in shares of Cloudflare by 135.8% during the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after purchasing an additional 2,530,872 shares during the period. Corient Private Wealth LLC raised its stake in shares of Cloudflare by 4,042.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock valued at $275,887,000 after purchasing an additional 1,365,598 shares in the last quarter. Finally, Swedbank AB lifted its position in Cloudflare by 697.5% in the first quarter. Swedbank AB now owns 927,606 shares of the company’s stock worth $191,402,000 after purchasing an additional 811,297 shares during the period. 82.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Susquehanna boosted their price target on shares of Cloudflare from $200.00 to $300.00 and gave the company a “neutral” rating in a report on Monday, August 10th. UBS Group lifted their target price on shares of Cloudflare from $250.00 to $350.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Jefferies Financial Group set a $350.00 target price on shares of Cloudflare in a research note on Friday, August 7th. Truist Financial increased their price target on shares of Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $136.00 target price on shares of Cloudflare in a research 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 issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $320.19.

Insider Activity

In other news, Director John Graham-Cumming sold 2,520 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $303.97, for a total value of $766,004.40. Following the transaction, the director directly owned 494,909 shares in the company, valued at $150,437,488.73. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Janel Riley sold 3,481 shares of Cloudflare stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $305.26, for a total value of $1,062,610.06. Following the sale, the chief accounting officer directly owned 41,547 shares of the company’s stock, valued at approximately $12,682,637.22. This trade represents a 7.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 706,244 shares of company stock worth $186,761,866. Corporate insiders own 10.66% of the company’s stock.

Cloudflare Stock Performance

Cloudflare stock opened at $306.22 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $332.22. The company has a market cap of $108.24 billion, a PE ratio of -527.97, a PEG ratio of 254.36 and a beta of 1.66. The company’s 50-day moving average is $285.92 and its two-hundred day moving average is $238.94.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $696.06 million during 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%. Cloudflare’s revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. Equities analysts anticipate that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

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.