Cloudflare, Inc. $NET Shares Purchased by SlateStone Wealth LLC

SlateStone Wealth LLC increased its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 32.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,861 shares of the company’s stock after acquiring an additional 2,670 shares during the quarter. SlateStone Wealth LLC’s holdings in Cloudflare were worth $2,141,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in Cloudflare during the fourth quarter worth about $718,316,000. Jennison Associates LLC raised its stake in Cloudflare by 802.6% during the fourth quarter. Jennison Associates LLC now owns 1,863,612 shares of the company’s stock worth $367,411,000 after purchasing an additional 1,657,144 shares during the period. Groupama Asset Managment raised its stake in Cloudflare by 82.6% during the third quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock worth $450,639,000 after purchasing an additional 950,000 shares during the period. Vanguard Group Inc. raised its stake in Cloudflare by 2.6% during the third quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company’s stock worth $6,934,958,000 after purchasing an additional 821,684 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Cloudflare by 25.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock worth $323,259,000 after purchasing an additional 336,768 shares during the period. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare Price Performance

Cloudflare stock opened at $269.18 on Friday. The company’s 50 day simple moving average is $212.68 and its 200-day simple moving average is $200.03. The company has a market capitalization of $95.14 billion, a price-to-earnings ratio of -1,076.71 and a beta of 1.70. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $276.82. 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 (NYSE:NET) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share 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 analysts’ expectations of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 earnings per share. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.

Insider Buying and Selling

In related news, insider Michelle Zatlyn sold 35,080 shares of Cloudflare stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $213.98, for a total value of $7,506,418.40. Following the completion of the transaction, the insider owned 47,425 shares in the company, valued at approximately $10,148,001.50. The trade was a 42.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,384 shares of Cloudflare 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 527,491 shares of company stock valued at $111,729,711 in the last 90 days. Company insiders own 10.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NET shares. Stifel Nicolaus set a $260.00 price target on shares of Cloudflare in a research note on Friday, May 8th. Mizuho reduced their price target on shares of Cloudflare from $255.00 to $235.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 14th. New Street Research set a $140.00 price target on shares of Cloudflare in a research note on Wednesday, February 11th. Morgan Stanley reissued an “overweight” rating and issued a $305.00 price target on shares of Cloudflare in a research note on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of Cloudflare from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Eighteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Cloudflare presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.08.

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.