Bessemer Group Inc. Acquires 5,474 Shares of Cloudflare, Inc. $NET

Bessemer Group Inc. raised its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 1.5% during the 1st quarter, HoldingsChannel reports. The fund owned 364,155 shares of the company’s stock after acquiring an additional 5,474 shares during the quarter. Bessemer Group Inc.’s holdings in Cloudflare were worth $75,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Cloudflare by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock worth $6,389,167,000 after purchasing an additional 90,397 shares in the last quarter. Geode Capital Management LLC lifted its position in Cloudflare by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock valued at $1,184,044,000 after purchasing an additional 241,981 shares in the last quarter. First Trust Advisors LP lifted its position in Cloudflare by 1.6% during the fourth quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock valued at $792,377,000 after purchasing an additional 63,198 shares in the last quarter. Invesco Ltd. grew its holdings in Cloudflare by 1.3% during the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock valued at $850,792,000 after purchasing an additional 49,485 shares during the period. Finally, Norges Bank bought a new stake in Cloudflare during the fourth quarter valued at about $718,316,000. Institutional investors own 82.68% of the company’s stock.

Analyst Upgrades and Downgrades

NET has been the topic of several recent research reports. Mizuho raised their price objective on Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a research note on Wednesday. UBS Group boosted their price objective on Cloudflare from $220.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. Raymond James Financial began coverage on shares of Cloudflare in a report on Tuesday, July 7th. They issued a “strong-buy” rating for the company. Scotiabank upgraded shares of Cloudflare from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $225.00 to $300.00 in a research note on Tuesday, July 7th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $253.41.

Insider Activity

In other news, CEO Matthew Prince sold 52,422 shares of the firm’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of Cloudflare stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $213.98, for a total value of $7,506,418.40. Following the completion of the sale, the insider directly owned 47,425 shares in the company, valued at $10,148,001.50. This trade represents a 42.52% 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. Insiders have sold a total of 616,185 shares of company stock valued at $137,831,055 in the last three months. Insiders own 10.66% of the company’s stock.

More Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Morgan Stanley raised its price target on Cloudflare from $305 to $322 and reiterated an overweight rating, signaling stronger confidence in the company’s upside. This kind of analyst upgrade can help support the stock. Morgan Stanley price target increase on Cloudflare
• Positive Sentiment: Cloudflare launched Precursor, a new bot-management product designed to detect sophisticated automated attacks in real time. The launch reinforces the company’s cybersecurity and privacy narrative, which is a key driver of investor optimism. Cloudflare launches Precursor
• Positive Sentiment: Recent commentary continues to highlight Cloudflare as a beneficiary of rising demand for cybersecurity and AI infrastructure, and the stock has also been mentioned favorably in momentum-stock and “best cybersecurity stocks” roundups. Cloudflare momentum stock article
• Neutral Sentiment: Other recent articles emphasize Cloudflare’s strong three-year run and rising fair-value estimates, but also note that the shares already trade at a rich valuation. That may limit near-term upside if growth does not keep accelerating. Cloudflare valuation article
• Neutral Sentiment: The stock also got a “gains as market dips” mention, reflecting relative strength versus the broader market rather than a company-specific catalyst. Cloudflare gains as market dips article

Cloudflare Price Performance

Shares of NYSE:NET opened at $277.84 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a fifty day moving average price of $236.36 and a 200 day moving average price of $209.95. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $291.00. The firm has a market cap of $98.21 billion, a price-to-earnings ratio of -1,111.37, a P/E/G ratio of 277.70 and a beta of 1.67.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $639.75 million during the quarter, compared to analysts’ expectations of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. Cloudflare’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period last year, the company posted $0.16 earnings per share. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. As a group, sell-side analysts expect that Cloudflare, Inc. will post 0.02 earnings per share for the current fiscal year.

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.