MidFirst Bank Takes Position in Cloudflare, Inc. $NET

MidFirst Bank bought a new stake in Cloudflare, Inc. (NYSE:NET) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,062 shares of the company’s stock, valued at approximately $801,000.

Several other large investors also recently bought and sold shares of the business. Empowered Funds LLC grew its stake in shares of Cloudflare by 34.2% in the 1st quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock worth $750,000 after buying an additional 1,696 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Cloudflare in the 2nd quarter worth about $424,000. Cerity Partners LLC raised its position in shares of Cloudflare by 30.1% during the 2nd quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock valued at $5,391,000 after buying an additional 6,363 shares in the last quarter. Sei Investments Co. raised its position in shares of Cloudflare by 40.1% during the 2nd quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock valued at $64,432,000 after buying an additional 94,112 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Cloudflare by 14.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock valued at $3,224,000 after acquiring an additional 2,093 shares during the last quarter. Institutional investors own 82.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on NET. Needham & Company LLC lifted their price target on Cloudflare from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. UBS Group upped their price objective on Cloudflare from $220.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, June 10th. TD Cowen reaffirmed a “buy” rating on shares of Cloudflare in a research note on Wednesday, June 10th. Citizens Jmp reiterated a “market outperform” rating and issued a $270.00 target price on shares of Cloudflare in a report on Monday, June 15th. Finally, Truist Financial boosted their target price on Cloudflare from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Twenty-one analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Cloudflare presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.35.

Cloudflare Stock Performance

Shares of NYSE:NET opened at $223.97 on Friday. The company has a market capitalization of $79.17 billion, a price-to-earnings ratio of -895.88, a PEG ratio of 399.24 and a beta of 1.70. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $276.82. The firm’s 50-day moving average is $217.72 and its 200 day moving average is $202.77. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The company had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. During the same period in the prior year, the company posted $0.16 EPS. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Research analysts predict that Cloudflare, Inc. will post 0.01 EPS for the current year.

Insider Transactions at Cloudflare

In other Cloudflare news, Director John Graham-Cumming sold 2,520 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $235.95, for a total value of $594,594.00. Following the sale, the director owned 494,067 shares in the company, valued at $116,575,108.65. This trade represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 10,000 shares of Cloudflare stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $232.39, for a total value of $2,323,900.00. Following the sale, the chief financial officer owned 116,733 shares of the company’s stock, valued at approximately $27,127,581.87. This trade represents a 7.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 461,477 shares of company stock valued at $98,173,864. Company insiders own 10.66% of the company’s stock.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Several recent notes point to a potential technical rebound for Cloudflare, with a hammer chart pattern suggesting support and analysts citing rising earnings estimate revisions as a possible catalyst for a near-term reversal. Article Title
• Positive Sentiment: Cloudflare’s June 4 acquisition of VoidZero could strengthen its developer platform by bringing high-performance JavaScript tools like Vite and Vitest into its edge network, supporting the long-term growth story. Article Title
• Neutral Sentiment: Citizens maintained a constructive view on Cloudflare after Investor Day, while other recent analyst updates kept the stock in focus and helped support sentiment around its AI and security growth opportunities. Article Title
• Negative Sentiment: Insider selling has been a recurring headline, including CFO Thomas Seifert’s sale of 10,000 shares and insider Michelle Zatlyn’s larger sale, which can weigh on sentiment even though the transactions were made under pre-arranged trading plans. Article Title
• Negative Sentiment: Cloudflare is also facing governance concerns after JLens urged shareholders to withhold votes for two directors, creating a headline risk ahead of the June 30 annual meeting. Article Title

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.