Daiwa Securities Group Inc. Boosts Stock Position in Cloudflare, Inc. $NET

Daiwa Securities Group Inc. boosted its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 42.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 46,716 shares of the company’s stock after purchasing an additional 13,964 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Cloudflare were worth $9,210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NET. Brown Brothers Harriman & Co. increased its holdings in shares of Cloudflare by 55.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after acquiring an additional 56 shares during the last quarter. Silver Oak Securities Incorporated increased its holdings in shares of Cloudflare by 5.5% in the 4th quarter. Silver Oak Securities Incorporated now owns 1,090 shares of the company’s stock valued at $218,000 after acquiring an additional 57 shares during the last quarter. Certuity LLC increased its holdings in shares of Cloudflare by 1.8% in the 4th quarter. Certuity LLC now owns 3,156 shares of the company’s stock valued at $622,000 after acquiring an additional 57 shares during the last quarter. Rothschild Investment LLC increased its holdings in shares of Cloudflare by 37.4% in the 3rd quarter. Rothschild Investment LLC now owns 224 shares of the company’s stock valued at $48,000 after acquiring an additional 61 shares during the last quarter. Finally, Cigna Investments Inc. New increased its holdings in shares of Cloudflare by 2.0% in the 4th quarter. Cigna Investments Inc. New now owns 3,062 shares of the company’s stock valued at $604,000 after acquiring an additional 61 shares during the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NET has been the subject of a number of research analyst reports. BTIG Research reiterated a “buy” rating and issued a $243.00 price target on shares of Cloudflare in a report on Friday, May 8th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Cloudflare in a report on Friday, May 22nd. The Goldman Sachs Group downgraded Cloudflare from a “buy” rating to a “sell” rating in a report on Wednesday, April 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a report on Monday, April 20th. Finally, Needham & Company LLC lowered their price target on Cloudflare from $285.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Eighteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $239.08.

Cloudflare Price Performance

Shares of NET opened at $250.35 on Friday. The company has a market cap of $88.49 billion, a P/E ratio of -1,001.40 and a beta of 1.70. The stock has a fifty day moving average price of $213.32 and a 200 day moving average price of $200.38. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $276.82.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $639.76 million during 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 firm’s revenue was up 33.5% on a year-over-year basis. During the same period in the prior 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 Cloudflare news, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $210.02, for a total transaction of $11,001,687.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $213.98, for a total value of $7,506,418.40. Following the transaction, the insider owned 47,425 shares of the company’s stock, valued at $10,148,001.50. This trade represents a 42.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 527,491 shares of company stock valued at $111,729,711 in the last quarter. 10.89% of the stock is currently owned by 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.