Cloudflare, Inc. $NET Stake Boosted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its position in Cloudflare, Inc. (NYSE:NET) by 62.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,118 shares of the company’s stock after acquiring an additional 4,294 shares during the period. Illinois Municipal Retirement Fund’s holdings in Cloudflare were worth $2,386,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NET. Wedbush Securities Inc. acquired a new position in Cloudflare in the 3rd quarter worth approximately $224,000. Varma Mutual Pension Insurance Co grew its holdings in shares of Cloudflare by 8.7% during the third quarter. Varma Mutual Pension Insurance Co now owns 59,900 shares of the company’s stock valued at $12,854,000 after buying an additional 4,800 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new position in Cloudflare during the third quarter valued at $1,636,000. Savvy Advisors Inc. purchased a new stake in Cloudflare in the 3rd quarter worth about $412,000. Finally, Krilogy Financial LLC acquired a new stake in Cloudflare during the 3rd quarter worth about $355,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NET shares. Stifel Nicolaus upped their target price on Cloudflare from $230.00 to $275.00 and gave the company a “buy” rating in a report on Friday, October 31st. Citizens Jmp boosted their price objective on shares of Cloudflare from $250.00 to $270.00 and gave the company a “market outperform” rating in a research report on Friday, October 31st. KeyCorp reiterated an “overweight” rating on shares of Cloudflare in a research report on Wednesday. Piper Sandler upped their price target on shares of Cloudflare from $220.00 to $222.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Cloudflare in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $232.11.

Insiders Place Their Bets

In other news, insider Douglas James Kramer sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $176.19, for a total value of $528,570.00. Following the sale, the insider directly owned 101,101 shares of the company’s stock, valued at approximately $17,812,985.19. This trade represents a 2.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carl Ledbetter sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $211.16, for a total value of $3,167,400.00. Following the completion of the sale, the director directly owned 953,073 shares in the company, valued at $201,250,894.68. This trade represents a 1.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 565,963 shares of company stock valued at $111,028,286 in the last three months. Company insiders own 10.89% of the company’s stock.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Q4 beat — Cloudflare reported revenue of ~$614.5M (+33.6% YoY) and EPS of $0.28, with management highlighting record deal activity, rising RPO/cRPO and improving free cash flow. MSN: Q4 growth
• Positive Sentiment: Revenue guidance topped estimates — management raised FY‑2026 revenue outlook (management cited a figure near $2.795B), signaling confidence in sustained demand and driving the rally. Investing.com: Guidance beats
• Positive Sentiment: AI tailwind — multiple reports and management commentary point to rising “agentic” traffic (e.g., Moltbot) that boosts security, networking and edge services, creating a durable demand cycle. Yahoo: AI deals
• Positive Sentiment: Analyst upgrades and higher targets — several firms upgraded or raised targets (examples include Robert W. Baird to outperform/$260 and DZ Bank to buy/$215), adding conviction to the upside thesis. Finviz: Analyst moves
• Positive Sentiment: Elevated options activity — unusually large call buying (13,474 contracts) suggests short‑term bullish/speculative positioning around the stock.
• Neutral Sentiment: Mixed analyst notes — some firms reaffirm neutral/hold stances (Cantor Fitzgerald) or trimmed PTs modestly while keeping buy ratings, reflecting differing views on valuation vs. growth. Zacks: Analyst roundup
• Neutral Sentiment: Valuation questions persist — coverage pieces and valuation checks note Cloudflare’s rich multiples given ongoing margin/headwind dynamics, so upside depends on continued revenue leverage. Yahoo: Valuation check
• Negative Sentiment: Insider sale disclosed — director John Graham‑Cumming sold 2,520 shares; small relative to his holdings but noted by the market. SEC: Form 4
• Negative Sentiment: Institutional profit‑taking — at least one fund materially trimmed its stake in recent filings, evidence of some near‑term selling pressure amid the rally. DefenseWorld: Institutional trimming
• Negative Sentiment: Some target cuts — a few analysts reduced price targets (e.g., Scotiabank), underscoring uneven short‑term sentiment despite the beat. TickerReport: PT cuts

Cloudflare Trading Up 5.8%

Cloudflare stock opened at $196.00 on Monday. Cloudflare, Inc. has a one year low of $89.42 and a one year high of $260.00. The company’s fifty day moving average price is $190.27 and its two-hundred day moving average price is $204.83. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. The company has a market capitalization of $68.66 billion, a price-to-earnings ratio of -675.84 and a beta of 1.97.

Cloudflare (NYSE:NET) last posted its earnings results on Tuesday, February 10th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $614.51 million during the quarter, compared to analyst estimates of $591.67 million. Cloudflare had a negative return on equity of 7.40% and a negative net margin of 4.72%.The company’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 EPS. On average, analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

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.