Dimensional Fund Advisors LP Purchases 2,377 Shares of Cloudflare, Inc. $NET

Dimensional Fund Advisors LP grew its position in shares of Cloudflare, Inc. (NYSE:NET) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 336,934 shares of the company’s stock after purchasing an additional 2,377 shares during the period. Dimensional Fund Advisors LP’s holdings in Cloudflare were worth $69,480,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NET. Quadrant Private Wealth Management LLC grew its position in Cloudflare by 3.2% during the first quarter. Quadrant Private Wealth Management LLC now owns 1,653 shares of the company’s stock valued at $341,000 after acquiring an additional 51 shares during the last quarter. Jamison Private Wealth Management Inc. raised its stake in shares of Cloudflare by 2.6% during the first quarter. Jamison Private Wealth Management Inc. now owns 2,064 shares of the company’s stock worth $426,000 after acquiring an additional 52 shares in the last quarter. Revisor Wealth Management LLC raised its stake in shares of Cloudflare by 4.0% during the first quarter. Revisor Wealth Management LLC now owns 1,390 shares of the company’s stock worth $287,000 after acquiring an additional 53 shares in the last quarter. IMA Advisory Services Inc. lifted its holdings in shares of Cloudflare by 4.5% in the 4th quarter. IMA Advisory Services Inc. now owns 1,290 shares of the company’s stock worth $254,000 after acquiring an additional 55 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted 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 worth $34,000 after acquiring an additional 56 shares during the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cloudflare

In other news, CEO Matthew Prince sold 52,422 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were 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 Securities & Exchange Commission, which can be accessed through 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 stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the sale, the insider owned 47,425 shares of the company’s stock, valued at approximately $10,148,001.50. This represents a 42.52% 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. Insiders sold 549,770 shares of company stock worth $124,090,448 in the last 90 days. Corporate insiders own 10.66% of the company’s stock.

Cloudflare Stock Down 1.5%

Shares of Cloudflare stock opened at $279.18 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. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $293.80. The company’s 50 day moving average price is $250.08 and its 200-day moving average price is $215.15. The stock has a market capitalization of $98.68 billion, a price-to-earnings ratio of -1,116.70, a P/E/G ratio of 218.82 and a beta of 1.67.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $639.75 million during the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm’s revenue was up 33.5% compared to the same quarter last year. During the same period in the prior year, the business posted $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. Equities research analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. BTIG Research increased their target price on shares of Cloudflare from $269.00 to $314.00 and gave the company a “buy” rating in a report on Friday, July 10th. New Street Research reissued a “market outperform” rating on shares of Cloudflare in a research note on Monday, June 15th. Citigroup reissued a “market outperform” rating on shares of Cloudflare in a research note on Monday, July 20th. Truist Financial upped their price target on shares of Cloudflare from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, Morgan Stanley raised their price objective on Cloudflare from $305.00 to $322.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Cloudflare currently has an average rating of “Moderate Buy” and a consensus price target of $262.00.

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.