Meiji Yasuda Life Insurance Co Buys 2,615 Shares of Cloudflare, Inc. $NET

Meiji Yasuda Life Insurance Co increased its stake in shares of Cloudflare, Inc. (NYSE:NET) by 26.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,645 shares of the company’s stock after purchasing an additional 2,615 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Cloudflare were worth $3,102,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Royal London Asset Management Ltd. increased its holdings in Cloudflare by 89.9% in the 2nd quarter. Royal London Asset Management Ltd. now owns 386,929 shares of the company’s stock worth $94,906,000 after purchasing an additional 183,183 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Cloudflare by 2.2% during the second quarter. Van ECK Associates Corp now owns 11,268 shares of the company’s stock valued at $2,764,000 after purchasing an additional 243 shares in the last quarter. Nissay Asset Management Corp Japan boosted its stake in shares of Cloudflare by 2.4% during the second quarter. Nissay Asset Management Corp Japan now owns 41,344 shares of the company’s stock valued at $10,141,000 after purchasing an additional 960 shares in the last quarter. BNP Paribas grew its holdings in shares of Cloudflare by 9.4% during the second quarter. BNP Paribas now owns 8,588 shares of the company’s stock worth $2,106,000 after purchasing an additional 736 shares during the last quarter. Finally, Archer Investment Corp acquired a new position in shares of Cloudflare in the second quarter valued at approximately $711,000. Institutional investors own 82.68% of the company’s stock.

Analysts Set New Price Targets

NET has been the subject of a number of research reports. UBS Group raised their price objective on shares of Cloudflare from $250.00 to $350.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Zacks Research cut shares of Cloudflare from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Royal Bank Of Canada raised their price target on shares of Cloudflare from $290.00 to $346.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Piper Sandler lifted their price target on shares of Cloudflare from $250.00 to $333.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Wall Street Zen raised shares of Cloudflare from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Cloudflare has an average rating of “Moderate Buy” and an average price target of $320.19.

Cloudflare Price Performance

Shares of NYSE:NET opened at $299.69 on Friday. The firm has a market capitalization of $105.93 billion, a price-to-earnings ratio of -516.71, a PEG ratio of 184.12 and a beta of 1.65. The stock’s 50 day moving average is $274.42 and its 200-day moving average is $231.62. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $332.22. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The company had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. During the same quarter last year, the company earned $0.21 earnings per share. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Sell-side analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling at Cloudflare

In other news, CEO Matthew Prince sold 52,422 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $249.09, for a total transaction of $13,057,795.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the sale, the chief financial officer owned 113,790 shares of the company’s stock, valued at approximately $34,171,137. The trade was a 32.58% decrease in their position. 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 have sold a total of 640,531 shares of company stock worth $168,474,753 over the last three months. 10.66% of the stock is currently owned by insiders.

Cloudflare Company 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.