Sei Investments Co. Has $79.14 Million Stake in Cloudflare, Inc. $NET

Sei Investments Co. grew its stake in shares of Cloudflare, Inc. (NYSE:NET) by 12.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 383,521 shares of the company’s stock after buying an additional 41,137 shares during the period. Sei Investments Co.’s holdings in Cloudflare were worth $79,137,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of NET. Signature Equity Partners LLC increased its stake in shares of Cloudflare by 22.3% in the 1st quarter. Signature Equity Partners LLC now owns 412 shares of the company’s stock valued at $85,000 after acquiring an additional 75 shares during the last quarter. CI Investments Inc. boosted its stake in Cloudflare by 122.8% during the 1st quarter. CI Investments Inc. now owns 231,386 shares of the company’s stock worth $47,744,000 after acquiring an additional 127,552 shares during the last quarter. Pacific Sun Financial Corp bought a new position in Cloudflare during the 1st quarter worth approximately $206,000. PNC Financial Services Group Inc. grew its holdings in Cloudflare by 20.3% during the first quarter. PNC Financial Services Group Inc. now owns 14,281 shares of the company’s stock valued at $2,947,000 after purchasing an additional 2,412 shares during the period. Finally, Baader Bank Aktiengesellschaft bought a new stake in Cloudflare in the first quarter valued at approximately $1,911,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare Stock Performance

Shares of Cloudflare stock opened at $262.72 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a market cap of $92.86 billion, a price-to-earnings ratio of -1,050.87, a price-to-earnings-growth ratio of 267.36 and a beta of 1.67. The stock’s 50-day moving average is $243.73 and its 200-day moving average is $212.38. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $291.00.

Cloudflare (NYSE:NET) last released its quarterly earnings results 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. The firm had revenue of $639.75 million during the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The business’s revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the firm 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 analysts predict that Cloudflare, Inc. will post 0.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NET. Cantor Fitzgerald restated a “neutral” rating and issued a $230.00 price objective (up from $224.00) on shares of Cloudflare in a research report on Wednesday, June 10th. TD Cowen boosted their target price on Cloudflare from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Jefferies Financial Group downgraded Cloudflare from a “buy” rating to a “hold” rating in a report on Tuesday, July 7th. Zacks Research raised Cloudflare from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Finally, Benchmark cut Cloudflare to an “underperform” rating in a report on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Cloudflare currently has an average rating of “Moderate Buy” and a consensus price target of $261.19.

Insiders Place Their Bets

In other Cloudflare news, insider Michelle Zatlyn sold 35,080 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the sale, the insider directly owned 47,425 shares of the company’s stock, valued at $10,148,001.50. The trade was a 42.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,422 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total transaction of $13,057,795.98. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 564,903 shares of company stock valued at $127,356,194. 10.66% of the stock is owned by insiders.

About Cloudflare

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.