SCHEDULE: Baillie Gifford Amends Cloudflare Stake to 7.0%

Baillie Gifford & Co. has filed an Amendment No. 7 to Schedule 13G, disclosing a 7.0% beneficial ownership in Cloudflare, Inc.'s Class A Common Stock as of September 30, 2025.

Summary

• Baillie Gifford & Co. reported beneficial ownership of 21,848,740 shares of Cloudflare, Inc. Class A Common Stock.
• This represents 7.0% of the Class A Common Stock outstanding.
• Baillie Gifford & Co. holds sole voting power over 14,643,495 shares.
• Baillie Gifford & Co. holds sole dispositive power over 21,848,740 shares.
• The filing is an Amendment No. 7 to a Schedule 13G.
• The shares are held on behalf of investment advisory clients, which may include investment companies, employee benefit plans, pension funds, or other institutional clients.

Sentiment

Score: 5

Explanation: This filing is a routine disclosure of beneficial ownership by an institutional investor. It provides factual information about Baillie Gifford & Co.'s stake in Cloudflare, Inc. but does not contain qualitative statements or performance data that would indicate a positive or negative sentiment.

Positives

• Baillie Gifford & Co., a major investment adviser, maintains a significant 7.0% beneficial ownership stake in Cloudflare, Inc., demonstrating continued institutional investment in the company.

Industry Context

This filing pertains to Cloudflare, Inc., a company operating in the internet infrastructure and security industry, and reflects an institutional investor's stake in the company.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by Baillie Gifford & Co. may reinforce confidence among existing shareholders and attract new investors, potentially influencing market perception.

Key Dates

Keywords

Cloudflare, NET, Baillie Gifford, Schedule 13G, Institutional Ownership, Class A Common Stock, Investment Adviser, Beneficial Ownership