QRG Capital Management Inc. Grows Position in Cloudflare, Inc. $NET

QRG Capital Management Inc. raised its stake in shares of Cloudflare, Inc. (NYSE:NET) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,109 shares of the company’s stock after purchasing an additional 6,201 shares during the period. QRG Capital Management Inc.’s holdings in Cloudflare were worth $11,456,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NET. Physician Wealth Advisors Inc. grew its stake in shares of Cloudflare by 693.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after buying an additional 104 shares during the period. Wiser Advisor Group LLC purchased a new position in shares of Cloudflare in the 3rd quarter worth $26,000. Westside Investment Management Inc. boosted its holdings in Cloudflare by 100.0% in the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after acquiring an additional 65 shares during the last quarter. ORG Wealth Partners LLC grew its position in Cloudflare by 101.4% during the third quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock valued at $30,000 after acquiring an additional 70 shares during the period. Finally, Wexford Capital LP purchased a new stake in Cloudflare during the third quarter valued at about $30,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Trading Up 9.0%

Shares of NET opened at $244.46 on Wednesday. The stock’s 50-day moving average is $201.24 and its two-hundred day moving average is $200.23. The stock has a market cap of $86.04 billion, a PE ratio of -842.92 and a beta of 1.67. Cloudflare, Inc. has a 12 month low of $120.46 and a 12 month high of $260.00. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.98 and a quick ratio of 1.98.

Cloudflare (NYSE:NET) last issued 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. Cloudflare had a negative return on equity of 7.24% and a negative net margin of 4.72%.The company had revenue of $614.51 million during the quarter, compared to the consensus estimate of $591.67 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The company’s revenue was up 33.6% compared to the same quarter last year. Equities analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

More Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Forrester named Cloudflare a Leader in its Edge Development Platforms report — this third‑party recognition supports Cloudflare’s positioning in edge and developer tooling, helping justify growth/market‑share expectations. Read More.
• Positive Sentiment: Cloudflare is pushing AI adoption — announcing automated onboarding for AI agents and startup credits (up to $100k) to capture AI‑native apps and developer adoption, which could boost new customer acquisition and revenue over time. Read More.
• Positive Sentiment: High‑profile media endorsement: Jim Cramer called Cloudflare a “terrific cyber defender” on Mad Money ahead of earnings, likely drawing retail interest and short‑term buying momentum. Read More.
• Neutral Sentiment: Analyst coverage remains constructive overall (consensus/average target ≈ $231–$232), but views are mixed — some trims and some upgrades leave upside modest vs. current levels. That keeps buy‑side interest but limits conviction for large fresh upgrades. Read More.
• Neutral Sentiment: Q1 earnings previews flag strong AI and enterprise demand tailwinds but warn macro pressures and potential deal delays — creating a binary earnings reaction: good execution likely extends the rally, while any softness could prompt profit‑taking. Read More.
• Negative Sentiment: Valuation concerns and downgrades: Seeking Alpha downgraded NET to Hold, arguing much of the growth is priced in — that narrative can weigh on value‑oriented funds and temper the rally. Read More.
• Negative Sentiment: Insider selling: Directors Carl Ledbetter (15,000 shares at ~$238 on May 5, via a 10b5‑1 plan), John Graham‑Cumming (2,520 shares at ~$221.58 on May 4, 10b5‑1), and smaller sales from Mark Hawkins were reported — these are largely pre‑arranged and common at the current multiple, but some traders interpret them as modest caution. Read More. Read More. Read More.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NET. Piper Sandler upgraded Cloudflare from a “neutral” rating to an “overweight” rating and set a $222.00 price objective on the stock in a report on Tuesday, April 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a report on Monday, April 20th. Mizuho dropped their target price on shares of Cloudflare from $255.00 to $235.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. Scotiabank cut their price target on shares of Cloudflare from $255.00 to $225.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 11th. Finally, DZ Bank raised shares of Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 price target on the stock in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $232.62.

Insiders Place Their Bets

In other news, insider Michelle Zatlyn sold 35,080 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $187.39, for a total transaction of $6,573,641.20. Following the transaction, the insider directly owned 34,514 shares of the company’s stock, valued at approximately $6,467,578.46. The trade was a 50.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $173.78, for a total transaction of $9,103,291.52. Following the completion of the transaction, the chief executive officer owned 22,911 shares of the company’s stock, valued at $3,981,473.58. This trade represents a 69.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 638,766 shares of company stock worth $125,757,221 in the last 90 days. 10.89% of the stock is owned by company insiders.

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.