Glynn Capital Management LLC Trims Stake in Cloudflare, Inc. $NET

Glynn Capital Management LLC trimmed its stake in Cloudflare, Inc. (NYSE:NET) by 26.1% in the 4th quarter, HoldingsChannel reports. The firm owned 52,682 shares of the company’s stock after selling 18,581 shares during the period. Cloudflare makes up 3.6% of Glynn Capital Management LLC’s portfolio, making the stock its 16th largest holding. Glynn Capital Management LLC’s holdings in Cloudflare were worth $10,386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of Cloudflare in the 4th quarter worth $1,327,000. Jupiter Asset Management Ltd. increased its stake in shares of Cloudflare by 1,984.7% in the 4th quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock worth $38,979,000 after purchasing an additional 188,226 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of Cloudflare by 30.7% in the 4th quarter. Intech Investment Management LLC now owns 13,938 shares of the company’s stock worth $2,748,000 after purchasing an additional 3,271 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in shares of Cloudflare by 33.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 32,044 shares of the company’s stock worth $6,317,000 after purchasing an additional 8,075 shares in the last quarter. Finally, IFG Advisory LLC purchased a new stake in shares of Cloudflare in the 4th quarter worth $210,000. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Cloudflare Trading Up 9.0%

Shares of Cloudflare stock opened at $227.98 on Friday. The firm has a market cap of $80.58 billion, a price-to-earnings ratio of -911.92 and a beta of 1.67. The business has a 50-day moving average price of $208.24 and a 200-day moving average price of $198.67. 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 twelve month low of $158.83 and a twelve month high of $260.00.

Cloudflare (NYSE:NET) last announced its quarterly 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. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm had revenue of $639.76 million during the quarter, compared to the consensus estimate of $620.83 million. During the same quarter last year, the firm earned $0.16 EPS. The firm’s revenue for the quarter 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.

Analyst Ratings Changes

NET has been the subject of several analyst reports. DZ Bank upgraded Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a research note on Friday, February 13th. Guggenheim increased their price target on Cloudflare from $117.00 to $140.00 and gave the stock a “sell” rating in a research note on Wednesday, February 11th. Wells Fargo & Company increased their price target on Cloudflare from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Morgan Stanley set a $245.00 price target on Cloudflare in a research note on Wednesday, February 11th. Finally, Barclays increased their price target on Cloudflare from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Eighteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $236.68.

Insider Transactions at Cloudflare

In related news, insider Michelle Zatlyn sold 35,080 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $10,148,001.50. This trade represents a 42.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $209.08, for a total transaction of $10,952,446.72. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 585,862 shares of company stock valued at $121,988,011. 10.89% of the stock is owned by insiders.

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.