OP Asset Management Ltd Invests $11.50 Million in Cloudflare, Inc. $NET

OP Asset Management Ltd bought a new position in shares of Cloudflare, Inc. (NYSE:NET) during the 1st quarter, HoldingsChannel reports. The firm bought 55,714 shares of the company’s stock, valued at approximately $11,496,000.

Several other hedge funds also recently added to or reduced their stakes in the business. HM Payson & Co. acquired a new stake in Cloudflare in the fourth quarter worth about $25,000. Wiser Advisor Group LLC acquired a new position in shares of Cloudflare during the third quarter valued at about $26,000. Wexford Capital LP acquired a new position in shares of Cloudflare during the third quarter valued at about $30,000. Ameriflex Group Inc. raised its position in shares of Cloudflare by 105.6% in the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock valued at $32,000 after purchasing an additional 76 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in shares of Cloudflare by 55.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after purchasing an additional 56 shares during the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on NET shares. Susquehanna boosted their target price on shares of Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Mizuho raised their price target on shares of Cloudflare from $235.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Zacks Research upgraded shares of Cloudflare from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. TD Cowen reissued a “buy” rating on shares of Cloudflare in a report on Wednesday, June 10th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $305.00 target price on shares of Cloudflare in a research report on Thursday, June 4th. Twenty-one investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Cloudflare currently has an average rating of “Moderate Buy” and an average target price of $241.35.

Insider Buying and Selling

In other Cloudflare news, insider Michelle Zatlyn sold 35,080 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the completion of the transaction, the insider directly owned 47,425 shares in the company, valued at approximately $10,148,001.50. This represents a 42.52% decrease in their ownership of the stock. The transaction 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 stock in a transaction 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 have sold a total of 566,245 shares of company stock worth $121,338,593 in the last quarter. Insiders own 10.66% of the company’s stock.

More Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare announced a collaboration with Mozilla, Google, and Microsoft to help standardize privacy-preserving methods for distinguishing human traffic from AI/bot traffic, highlighting its role in a major internet infrastructure problem and potentially expanding demand for its security and traffic-management tools. Cloudflare (NET) Launches Browser Push To Sort Human And AI Traffic
• Positive Sentiment: Cloudflare and beehiiv launched AI Crawl Controls for independent publishers, giving creators simple controls over whether AI systems can scrape or discover their content; this strengthens Cloudflare’s AI monetization and content-control strategy. Cloudflare and beehiiv Introduce AI Crawl Controls to Help Independent Publishers Navigate the AI Era
• Positive Sentiment: Brokerage coverage noted a “Moderate Buy” consensus rating, reinforcing that Wall Street remains constructive on Cloudflare’s growth outlook. Cloudflare, Inc. (NYSE:NET) Receives Consensus Rating of “Moderate Buy” from Brokerages
• Neutral Sentiment: Several articles framed Cloudflare as benefiting from rising AI demand and growing investor attention, but these were mostly commentary pieces rather than new hard fundamentals. Cloudflare (NYSE:NET): Is AI Demand Fueling Fresh Market Attention?
• Negative Sentiment: CEO Matthew Prince sold 52,384 shares in two disclosed transactions under a pre-arranged 10b5-1 plan. While routine, insider selling can still create some near-term pressure on sentiment. SEC filing for Matthew Prince transaction
• Negative Sentiment: A second CEO sale of the same size was also disclosed, adding to investor focus on insider selling even though it was executed under a planned trading program. SEC filing for Matthew Prince transaction

Cloudflare Price Performance

NYSE:NET opened at $222.63 on Thursday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $276.82. The stock’s 50-day moving average price is $220.16 and its 200-day moving average price is $203.20. The stock has a market capitalization of $78.69 billion, a PE ratio of -890.53, a price-to-earnings-growth ratio of 226.55 and a beta of 1.70.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping 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 company had revenue of $639.75 million during the quarter, compared to analysts’ expectations of $620.83 million. During the same quarter in the prior year, the firm posted $0.16 EPS. Cloudflare’s quarterly 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. As a group, equities analysts expect that Cloudflare, Inc. will post 0.02 EPS for the current fiscal year.

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.