2,021 Shares in Cloudflare, Inc. $NET Purchased by Bull Harbor Capital LLC

Bull Harbor Capital LLC bought a new position in Cloudflare, Inc. (NYSE:NET) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,021 shares of the company’s stock, valued at approximately $417,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NET. Wiser Advisor Group LLC bought a new stake in shares of Cloudflare during the 3rd quarter valued at about $26,000. HM Payson & Co. bought a new position in shares of Cloudflare in the fourth quarter worth approximately $25,000. Wexford Capital LP bought a new position in shares of Cloudflare in the third quarter worth approximately $30,000. Brown Brothers Harriman & Co. raised its stake in Cloudflare by 55.4% in the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after purchasing an additional 56 shares in the last quarter. Finally, Rachor Investment Advisory Services LLC purchased a new stake in Cloudflare in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NET shares. Barclays boosted their price target on shares of Cloudflare from $250.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Guggenheim restated a “sell” rating and set a $140.00 price objective on shares of Cloudflare in a research report on Wednesday, June 10th. Stifel Nicolaus set a $260.00 price objective on shares of Cloudflare in a report on Friday, May 8th. Citizens Jmp upped their target price on shares of Cloudflare from $270.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Monday, July 20th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Cloudflare in a research report on Wednesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Cloudflare has a consensus rating of “Moderate Buy” and a consensus price target of $262.00.

Cloudflare Stock Performance

NYSE:NET opened at $279.18 on Friday. The company has a market capitalization of $98.68 billion, a price-to-earnings ratio of -1,116.70, a PEG ratio of 218.82 and a beta of 1.67. The business has a 50 day moving average of $250.08 and a 200 day moving average of $215.15. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $293.80.

Cloudflare (NYSE:NET) last issued 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 net margin of 3.72% and a negative return on equity of 5.65%. The business had revenue of $639.75 million for the quarter, compared to analysts’ expectations of $620.83 million. During the same period last year, the business earned $0.16 earnings per share. 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. On average, sell-side analysts predict that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Transactions at Cloudflare

In other news, Director Mark J. Hawkins sold 133 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $249.00, for a total value of $33,117.00. Following the completion of the sale, the director owned 10,765 shares of the company’s stock, valued at approximately $2,680,485. This represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,383 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $247.28, for a total transaction of $12,953,268.24. 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 quarter, insiders sold 549,770 shares of company stock worth $124,090,448. Corporate insiders own 10.66% of the company’s stock.

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.