Insight Holdings Group LLC Buys New Stake in Cloudflare, Inc. $NET

Insight Holdings Group LLC bought a new stake in Cloudflare, Inc. (NYSE:NET) during the first quarter, HoldingsChannel reports. The institutional investor bought 32,800 shares of the company’s stock, valued at approximately $6,768,000. Cloudflare accounts for 0.5% of Insight Holdings Group LLC’s holdings, making the stock its 20th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp boosted its position in shares of Cloudflare by 33.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 14,274 shares of the company’s stock worth $2,945,000 after buying an additional 3,559 shares during the period. Lombard Odier Asset Management Switzerland SA increased its position in shares of Cloudflare by 8.0% during the first quarter. Lombard Odier Asset Management Switzerland SA now owns 10,836 shares of the company’s stock worth $2,236,000 after acquiring an additional 800 shares during the period. Waverly Advisors LLC raised its position in Cloudflare by 32.1% in the 1st quarter. Waverly Advisors LLC now owns 1,969 shares of the company’s stock valued at $406,000 after purchasing an additional 479 shares in the last quarter. Bridgewater Advisors Inc. raised its holdings in Cloudflare by 3.0% in the first quarter. Bridgewater Advisors Inc. now owns 6,094 shares of the company’s stock valued at $1,149,000 after acquiring an additional 180 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Cloudflare in the 1st quarter valued at $4,086,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on NET. The Goldman Sachs Group downgraded shares of Cloudflare from a “buy” rating to a “sell” rating in a research note on Wednesday, April 15th. Truist Financial raised their price target on Cloudflare from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $290.00 price target on shares of Cloudflare in a report on Thursday, July 16th. Piper Sandler reaffirmed an “overweight” rating on shares of Cloudflare in a research report on Wednesday, June 10th. Finally, KeyCorp reiterated an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.19.

Insider Buying and Selling at Cloudflare

In related news, Director John Graham-Cumming sold 2,520 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $247.28, for a total value of $623,145.60. Following the completion of the sale, the director directly owned 494,909 shares of the company’s stock, valued at $122,381,097.52. This represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark J. Hawkins sold 133 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $249.00, for a total value of $33,117.00. Following the transaction, the director owned 10,765 shares in the company, valued at $2,680,485. This represents a 1.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 564,903 shares of company stock valued at $127,356,194. 10.66% of the stock is owned by insiders.

Cloudflare Trading Up 0.2%

NYSE NET opened at $262.72 on Friday. The firm’s fifty day moving average price is $243.73 and its 200 day moving average price is $212.38. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $291.00. 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 company has a market capitalization of $92.86 billion, a price-to-earnings ratio of -1,050.87, a price-to-earnings-growth ratio of 267.19 and a beta of 1.67.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating 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 firm had revenue of $639.75 million during the quarter, compared to analysts’ expectations of $620.83 million. During the same period in the previous year, the company earned $0.16 earnings per share. Cloudflare’s quarterly revenue was up 33.5% compared to the same quarter last year. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, sell-side analysts expect that Cloudflare, Inc. will post 0.03 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.