6,610 Shares in Cloudflare, Inc. $NET Acquired by SBI Okasan Asset Management Co.Ltd.

SBI Okasan Asset Management Co.Ltd. purchased a new position in Cloudflare, Inc. (NYSE:NET) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,610 shares of the company’s stock, valued at approximately $1,327,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Physician Wealth Advisors Inc. boosted its position in Cloudflare by 693.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after purchasing an additional 104 shares in the last quarter. Wiser Advisor Group LLC purchased a new stake in Cloudflare in the 3rd quarter worth approximately $26,000. Westside Investment Management Inc. boosted its position in Cloudflare by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after purchasing an additional 65 shares in the last quarter. Wexford Capital LP purchased a new stake in Cloudflare in the 3rd quarter worth approximately $30,000. Finally, Cloud Capital Management LLC purchased a new stake in Cloudflare in the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Buying and Selling

In other news, 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 transaction, the insider owned 47,425 shares in the company, valued at $10,148,001.50. This trade represents a 42.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,384 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $209.08, for a total value of $10,952,446.72. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 585,862 shares of company stock worth $121,988,011 in the last quarter. Insiders own 10.89% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on NET. DZ Bank upgraded Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 price objective on the stock in a research report on Friday, February 13th. Scotiabank lowered their price objective on Cloudflare from $255.00 to $225.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 11th. Cantor Fitzgerald restated a “neutral” rating and issued a $224.00 price objective on shares of Cloudflare in a research report on Wednesday, February 11th. Guggenheim upped their price objective on Cloudflare from $117.00 to $140.00 and gave the stock a “sell” rating in a research report on Wednesday, February 11th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Cloudflare in a research report on Friday, May 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $236.68.

Cloudflare Trading Up 9.0%

Shares of NYSE:NET opened at $227.98 on Friday. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $260.00. The firm has a market capitalization of $80.58 billion, a price-to-earnings ratio of -911.92 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’s 50 day moving average price is $208.24 and its 200-day moving average price is $198.67.

Cloudflare (NYSE:NET) last announced its earnings results 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. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The firm had revenue of $639.76 million for the quarter, compared to analyst estimates of $620.83 million. During the same quarter last year, the firm posted $0.16 EPS. The business’s 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.

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.