Allspring Global Investments Holdings LLC Grows Stock Holdings in Cloudflare, Inc. $NET

Allspring Global Investments Holdings LLC lifted its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 0.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 411,076 shares of the company’s stock after purchasing an additional 3,343 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.12% of Cloudflare worth $84,447,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in NET. Empowered Funds LLC raised its position in shares of Cloudflare by 34.2% during the 1st quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock worth $750,000 after acquiring an additional 1,696 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in Cloudflare during the second quarter worth approximately $424,000. Cerity Partners LLC raised its holdings in Cloudflare by 30.1% during the second quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock worth $5,391,000 after purchasing an additional 6,363 shares in the last quarter. Sei Investments Co. lifted 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 worth $64,432,000 after buying an additional 94,112 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Cloudflare by 14.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock worth $3,224,000 after buying an additional 2,093 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Citigroup upgraded Cloudflare from a “market outperform” rating to a “buy” rating in a research report on Tuesday, July 7th. Mizuho raised their price target on Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a research note on Wednesday. Morgan Stanley lifted their price target on Cloudflare from $305.00 to $322.00 and gave the stock an “overweight” rating in a research report on Friday. Needham & Company LLC boosted their price objective on Cloudflare from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, Piper Sandler reissued an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.41.

Cloudflare Stock Up 2.0%

NET stock opened at $277.84 on Friday. The stock has a market capitalization of $98.21 billion, a P/E ratio of -1,111.37, a PEG ratio of 277.70 and a beta of 1.67. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $291.00. 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 company has a 50 day moving average price of $236.36 and a two-hundred day moving average price of $209.95.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The business had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. During the same period last year, the company posted $0.16 EPS. The business’s quarterly revenue 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. As a group, sell-side analysts expect that Cloudflare, Inc. will post 0.02 EPS for the current year.

Key Stories Impacting Cloudflare

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

Insider Buying and Selling

In other Cloudflare news, insider Michelle Zatlyn sold 35,080 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 47,425 shares in the company, valued at $10,148,001.50. The trade was a 42.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 on Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total transaction of $13,057,795.98. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 616,185 shares of company stock worth $137,831,055. 10.66% of the stock is currently owned by corporate 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.