SCHEDULE 13G/A: Baillie Gifford & Co Discloses Significant 8.9% Stake in Cloudflare, Inc. Class A Common Stock

Baillie Gifford & Co has filed an amended Schedule 13G, disclosing its beneficial ownership of 8.9% of Cloudflare, Inc.'s Class A Common Stock as of March 31, 2025.

Summary

• Baillie Gifford & Co, an investment adviser based in the United Kingdom, filed an Amendment No. 6 to Schedule 13G.
• The filing pertains to its beneficial ownership of Class A Common Stock of Cloudflare, Inc. (CUSIP: 18915M107).
• As of March 31, 2025, Baillie Gifford & Co beneficially owns an aggregate of 27,425,821 shares of Cloudflare, Inc. Class A Common Stock.
• This ownership represents 8.9% of the total Class A Common Stock outstanding.
• Baillie Gifford & Co holds sole voting power over 18,901,915 shares and sole dispositive power over all 27,425,821 shares.
• The securities are held by Baillie Gifford & Co and/or its investment adviser subsidiaries on behalf of investment advisory clients, including investment companies, employee benefit plans, pension funds, or other institutional clients.
• The acquisition and holding of these securities are certified to be in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing disclosing an institutional investor's significant stake. While the maintenance of a large stake by a reputable firm like Baillie Gifford & Co can be viewed positively by the market as a sign of confidence, the document itself does not contain new performance data or strategic announcements that would significantly alter sentiment beyond this general observation.

Positives

• Baillie Gifford & Co, a prominent investment adviser, maintains a substantial 8.9% beneficial ownership in Cloudflare, Inc.'s Class A Common Stock, indicating continued institutional confidence in the company.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

This filing reflects continued significant institutional investment in Cloudflare, Inc., a leading company in the cloud services and cybersecurity industry. Baillie Gifford & Co's sustained large stake suggests a long-term positive view on the sector's growth prospects and Cloudflare's market position.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, potentially reinforcing confidence in the company's long-term prospects.
• Investment Professionals: Offers insight into the holdings of a major investment firm in Cloudflare, which can influence investment strategies and market perception.

Key Dates

Keywords

Cloudflare, Baillie Gifford, SEC filing, Schedule 13G, Class A Common Stock, beneficial ownership, institutional investor, investment adviser, equity stake, ownership disclosure