29,060 Shares in Cloudflare, Inc. $NET Acquired by VMS Asset Management Limited

VMS Asset Management Limited purchased a new position in shares of Cloudflare, Inc. (NYSE:NET) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 29,060 shares of the company’s stock, valued at approximately $5,729,000. Cloudflare comprises about 2.2% of VMS Asset Management Limited’s investment portfolio, making the stock its 20th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of NET. Physician Wealth Advisors Inc. grew its position in Cloudflare by 693.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after acquiring an additional 104 shares during the last quarter. Wiser Advisor Group LLC bought a new position in Cloudflare during the 3rd quarter worth approximately $26,000. Westside Investment Management Inc. grew its position in Cloudflare by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after acquiring an additional 65 shares during the last quarter. Wexford Capital LP bought a new position in Cloudflare during the 3rd quarter worth approximately $30,000. Finally, Ameriflex Group Inc. grew its position in Cloudflare by 105.6% during the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after acquiring an additional 76 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. The Goldman Sachs Group cut Cloudflare from a “buy” rating to a “sell” rating in a report on Wednesday, April 15th. Morgan Stanley reiterated an “overweight” rating and issued a $305.00 price objective on shares of Cloudflare in a report on Thursday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a report on Monday, April 20th. UBS Group reiterated a “neutral” rating and issued a $220.00 price objective on shares of Cloudflare in a report on Wednesday, February 11th. Finally, Barclays reiterated an “overweight” rating and issued a $250.00 price objective on shares of Cloudflare in a report on Monday. Eighteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $239.08.

Insider Buying and Selling

In other news, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $210.02, for a total value of $11,001,687.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of Cloudflare stock in a transaction 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 527,491 shares of company stock valued at $111,729,711. 10.89% of the stock is currently owned by company insiders.

Cloudflare Trading Up 1.4%

NET opened at $269.18 on Friday. The stock has a market cap of $95.14 billion, a PE ratio of -1,076.71 and a beta of 1.70. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The business has a 50 day moving average of $212.68 and a 200-day moving average of $200.03. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $276.82.

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

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.