Cookson Peirce & Co. Inc. Acquires New Position in Cloudflare, Inc. $NET

Cookson Peirce & Co. Inc. acquired a new stake in shares of Cloudflare, Inc. (NYSE:NET) in the fourth quarter, Holdings Channel reports. The firm acquired 56,014 shares of the company’s stock, valued at approximately $11,043,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Havemeyer Place LP bought a new stake in Cloudflare during the 4th quarter valued at about $468,000. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Cloudflare by 2.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 15,385 shares of the company’s stock valued at $3,033,000 after buying an additional 348 shares in the last quarter. Pinebridge Investments LLC bought a new stake in Cloudflare during the 4th quarter valued at about $36,241,000. SlateStone Wealth LLC lifted its holdings in Cloudflare by 32.6% during the 4th quarter. SlateStone Wealth LLC now owns 10,861 shares of the company’s stock valued at $2,141,000 after buying an additional 2,670 shares in the last quarter. Finally, VMS Asset Management Limited bought a new stake in Cloudflare during the 4th quarter valued at about $5,729,000. Institutional investors own 82.68% of the company’s stock.

Cloudflare Trading Down 6.8%

NYSE NET opened at $250.35 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. The company has a market capitalization of $88.49 billion, a price-to-earnings ratio of -1,001.40 and a beta of 1.70. The company’s 50-day simple moving average is $213.32 and its two-hundred day simple moving average is $200.38. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $276.82.

Cloudflare (NYSE:NET) last posted its 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. The business had revenue of $639.76 million for the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter last year, the firm posted $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.

Insider Buying and Selling

In other 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 transaction, the insider owned 47,425 shares of the company’s stock, valued at $10,148,001.50. The trade was a 42.52% decrease in their position. The sale was disclosed in a filing 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 52,384 shares of Cloudflare stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $210.02, for a total transaction of $11,001,687.68. 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 ninety days, insiders sold 527,491 shares of company stock worth $111,729,711. Insiders own 10.89% of the company’s stock.

Analyst Ratings Changes

NET has been the subject of a number of research analyst reports. Stifel Nicolaus set a $260.00 price objective on shares of Cloudflare in a report on Friday, May 8th. Needham & Company LLC cut their target price on shares of Cloudflare from $285.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Mizuho cut their target price on shares of Cloudflare from $255.00 to $235.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. Zacks Research raised shares of Cloudflare from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Finally, Barclays reissued an “overweight” rating and set a $250.00 target price on shares of Cloudflare in a research report on Monday, June 1st. Eighteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $239.08.

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.