Havemeyer Place LP Invests $468,000 in Cloudflare, Inc. $NET

Havemeyer Place LP bought a new stake in Cloudflare, Inc. (NYSE:NET) during the fourth quarter, Holdings Channel reports. The institutional investor bought 2,372 shares of the company’s stock, valued at approximately $468,000.

Other hedge funds also recently modified their holdings of the company. Norges Bank purchased a new stake in Cloudflare in the 4th quarter valued at $718,316,000. Jennison Associates LLC lifted its stake in Cloudflare by 802.6% during the 4th quarter. Jennison Associates LLC now owns 1,863,612 shares of the company’s stock valued at $367,411,000 after acquiring an additional 1,657,144 shares in the last quarter. Groupama Asset Managment boosted its holdings in Cloudflare by 82.6% during the 3rd quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock worth $450,639,000 after acquiring an additional 950,000 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Cloudflare by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company’s stock worth $6,934,958,000 after acquiring an additional 821,684 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Cloudflare by 25.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock worth $323,259,000 after acquiring an additional 336,768 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on NET shares. Jefferies Financial Group assumed coverage on shares of Cloudflare in a report on Wednesday, April 15th. They issued a “buy” rating for the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Cloudflare in a research report on Friday, May 22nd. Mizuho cut their price objective on Cloudflare from $255.00 to $235.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. Citigroup assumed coverage on Cloudflare in a research note on Wednesday, April 15th. They issued a “buy” rating for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $305.00 target price on shares of Cloudflare in a research report on Thursday, June 4th. 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 currently has an average rating of “Moderate Buy” and a consensus price target of $239.08.

Cloudflare Trading Down 4.8%

NYSE:NET opened at $235.88 on Wednesday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $83.38 billion, a PE ratio of -943.50, a price-to-earnings-growth ratio of 4,156.04 and a beta of 1.70. The firm’s 50 day moving average is $214.74 and its 200 day moving average is $201.01. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $276.82.

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 the consensus estimate 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 business had revenue of $639.76 million during the quarter, compared to analyst estimates of $620.83 million. During the same period in the prior year, the company earned $0.16 earnings per share. Cloudflare’s revenue was up 33.5% compared to the same quarter last year. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.

Insiders Place Their Bets

In related news, insider Michelle Zatlyn sold 35,080 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $213.98, for a total value of $7,506,418.40. Following the sale, the insider directly owned 47,425 shares in the company, valued at approximately $10,148,001.50. The trade was a 42.52% decrease in their position. The sale was disclosed in a legal filing 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 the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $210.02, for a total transaction of $11,001,687.68. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 527,784 shares of company stock worth $111,803,817 in the last ninety days. Insiders own 10.89% of the company’s stock.

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.