Rockefeller Capital Management L.P. Has $5.04 Million Position in Cloudflare, Inc. $NET

Rockefeller Capital Management L.P. lessened its holdings in Cloudflare, Inc. (NYSE:NET) by 19.6% during the fourth quarter, Holdings Channel reports. The fund owned 25,571 shares of the company’s stock after selling 6,229 shares during the period. Rockefeller Capital Management L.P.’s holdings in Cloudflare were worth $5,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. HM Payson & Co. bought a new position in Cloudflare during the fourth quarter worth $25,000. Wiser Advisor Group LLC bought a new position in shares of Cloudflare in the third quarter valued at about $26,000. Wexford Capital LP acquired a new stake in shares of Cloudflare during the 3rd quarter worth about $30,000. Ameriflex Group Inc. lifted its stake in shares of Cloudflare by 105.6% during the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after buying an additional 76 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Cloudflare by 55.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Stock Performance

NET opened at $237.06 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. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $276.82. The firm has a market cap of $83.79 billion, a P/E ratio of -948.24, a price-to-earnings-growth ratio of 228.27 and a beta of 1.70. The business’s fifty day moving average is $222.06 and its 200-day moving average is $203.62.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $620.83 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. Cloudflare’s revenue for the quarter 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. Sell-side analysts expect that Cloudflare, Inc. will post 0.02 EPS for the current fiscal year.

Insider Activity

In related news, CEO Matthew Prince sold 52,384 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $210.02, for a total transaction of $11,001,687.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the sale, the insider owned 47,425 shares in the company, valued at $10,148,001.50. This represents a 42.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 566,245 shares of company stock worth $121,338,593. Insiders own 10.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on NET shares. Sanford C. Bernstein reiterated a “market perform” rating and issued a $136.00 price target on shares of Cloudflare in a research note on Wednesday, June 10th. Cantor Fitzgerald restated a “neutral” rating and set a $230.00 price objective (up from $224.00) on shares of Cloudflare in a research report on Wednesday, June 10th. Mizuho boosted their price objective on Cloudflare from $235.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Truist Financial upped their target price on Cloudflare from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research note on Monday, April 20th. Twenty-one equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Cloudflare has a consensus rating of “Moderate Buy” and a consensus target price of $241.35.

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.