Hartline Investment Corp Sells 30,042 Shares of Cloudflare, Inc. $NET

Hartline Investment Corp decreased its position in shares of Cloudflare, Inc. (NYSE:NET) by 19.9% in the 4th quarter, HoldingsChannel reports. The fund owned 121,122 shares of the company’s stock after selling 30,042 shares during the period. Cloudflare makes up about 2.6% of Hartline Investment Corp’s holdings, making the stock its 12th biggest holding. Hartline Investment Corp’s holdings in Cloudflare were worth $23,879,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Physician Wealth Advisors Inc. increased its holdings in shares of Cloudflare by 693.3% during the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after acquiring an additional 104 shares in the last quarter. Wiser Advisor Group LLC bought a new stake in shares of Cloudflare during the third quarter valued at approximately $26,000. Westside Investment Management Inc. increased its holdings in shares of Cloudflare by 100.0% during the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after acquiring an additional 65 shares in the last quarter. Wexford Capital LP bought a new stake in shares of Cloudflare during the third quarter valued at approximately $30,000. Finally, Cloud Capital Management LLC bought a new stake in shares of Cloudflare during the third quarter valued at approximately $31,000. Institutional investors own 82.68% of the company’s stock.

Cloudflare Stock Up 1.7%

Shares of NYSE:NET opened at $216.24 on Friday. The company has a market capitalization of $76.43 billion, a PE ratio of -864.96 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The business has a fifty day moving average price of $207.69 and a two-hundred day moving average price of $199.35. Cloudflare, Inc. has a 1 year low of $154.93 and a 1 year high of $260.00.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $639.76 million during the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The business’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Robert W. Baird set a $260.00 price objective on Cloudflare and gave the company an “outperform” rating in a report on Wednesday, February 11th. Zacks Research upgraded Cloudflare from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. Morgan Stanley set a $245.00 price target on Cloudflare in a report on Wednesday, February 11th. Mizuho decreased their price target on Cloudflare from $255.00 to $235.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Finally, Guggenheim upped their price target on Cloudflare from $117.00 to $140.00 and gave the stock a “sell” rating in a report on Wednesday, February 11th. Eighteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $236.68.

Insider Buying and Selling at Cloudflare

In other news, CEO Matthew Prince sold 52,384 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $173.78, for a total transaction of $9,103,291.52. Following the completion of the transaction, the chief executive officer owned 22,911 shares in the company, valued at approximately $3,981,473.58. This represents a 69.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $189.50, for a total value of $4,858,969.50. Following the transaction, the insider owned 34,514 shares of the company’s stock, valued at $6,540,403. The trade was a 42.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 655,550 shares of company stock valued at $131,181,924 in the last quarter. 10.89% of the stock is owned by corporate insiders.

Cloudflare News Roundup

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare announced a collaboration with Anthropic to launch Cloudflare Environments for Claude Managed Agents, a move that strengthens its position in AI infrastructure and could open a new growth avenue for its platform. Cloudflare (NET) Stock Trades Up, Here Is Why
• Positive Sentiment: Coverage highlighting Cloudflare as a beneficiary of the AI and big-data buildout is supporting investor optimism and reinforcing the company’s long-term growth narrative. Why Cloudflare Russell 1000 Momentum Is Rising?
• Neutral Sentiment: The latest earnings report was solid, with Cloudflare beating both EPS and revenue estimates, but investors are still balancing strong growth against ongoing losses and a premium valuation.
• Negative Sentiment: Recent insider sales by CEO Matthew Prince, CAO Janel Riley, and CFO Thomas J. Seifert may create some short-term caution, even though the trades were made under pre-arranged 10b5-1 plans and do not necessarily signal a change in outlook.

Cloudflare 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.