15,988 Shares in Cloudflare, Inc. $NET Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new position in Cloudflare, Inc. (NYSE:NET) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,988 shares of the company’s stock, valued at approximately $3,152,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brown Advisory Inc. boosted its holdings in shares of Cloudflare by 21.4% in the 4th quarter. Brown Advisory Inc. now owns 30,263 shares of the company’s stock worth $5,966,000 after buying an additional 5,336 shares during the last quarter. Blue Jean Financial LLC purchased a new position in shares of Cloudflare in the 4th quarter worth about $1,737,000. Aigen Investment Management LP boosted its holdings in shares of Cloudflare by 133.6% in the 4th quarter. Aigen Investment Management LP now owns 7,305 shares of the company’s stock worth $1,440,000 after buying an additional 4,178 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Cloudflare by 13.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 512,554 shares of the company’s stock worth $101,050,000 after buying an additional 60,605 shares during the last quarter. Finally, Aptus Capital Advisors LLC purchased a new position in shares of Cloudflare in the 4th quarter worth about $257,000. 82.68% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cloudflare

In other news, Director Katrin Suder sold 293 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $252.92, for a total value of $74,105.56. Following the sale, the director directly owned 37,430 shares of the company’s stock, valued at approximately $9,466,795.60. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 dated Thursday, May 21st. The stock was sold at an average price of $210.66, for a total transaction of $11,035,213.44. Following the completion of the sale, the chief executive officer directly owned 25,550 shares in the company, valued at approximately $5,382,363. The trade was a 67.22% decrease in their ownership of the stock. 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 475,400 shares of company stock valued at $100,851,370. Company insiders own 10.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NET shares. Zacks Research raised shares of Cloudflare from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research report on Monday, April 20th. Sanford C. Bernstein reiterated a “market perform” rating and set a $136.00 target price on shares of Cloudflare in a research report on Wednesday. TD Cowen reiterated a “buy” rating on shares of Cloudflare in a research report on Wednesday. Finally, Barclays reiterated an “overweight” rating and set a $250.00 target price on shares of Cloudflare in a research report on Monday, June 1st. Twenty analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and an average price target of $241.35.

Cloudflare Price Performance

Shares of NYSE:NET opened at $227.91 on Monday. 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 firm has a market capitalization of $80.56 billion, a PE ratio of -911.62, a P/E/G ratio of 481.14 and a beta of 1.70. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $276.82. The company has a 50-day moving average price of $216.10 and a two-hundred day moving average price of $201.73.

Cloudflare (NYSE:NET) last issued its 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 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 analyst estimates of $620.83 million. During the same quarter last year, the business earned $0.16 earnings per share. The company’s quarterly revenue was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Equities analysts forecast that Cloudflare, Inc. will post 0.01 EPS for the current year.

Trending Headlines about Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Truist Financial raised its price target on Cloudflare to $250 from $225 and reiterated a buy rating, implying further upside from current levels. Truist raises Cloudflare price target
• Positive Sentiment: Morgan Stanley also sharply increased its Cloudflare price target, adding to the bullish analyst backdrop and reinforcing the view that expectations for the company are improving. Morgan Stanley raises Cloudflare price target
• Positive Sentiment: Barclays kept a buy rating on Cloudflare, while other reports noted Wall Street’s overall average recommendation remains equivalent to a Buy, supporting investor confidence in the stock. Barclays keeps buy rating on Cloudflare
• Positive Sentiment: Zacks said Cloudflare may be well poised for a surge because of solid earnings estimate revisions, which often signals improving fundamentals and stronger near-term sentiment. Zacks says Cloudflare may surge
• Neutral Sentiment: Jim Cramer commented that Cloudflare’s long-term direction looks “pretty fabulous,” but also noted the stock has been volatile, making the takeaway more of a commentary on long-term prospects than a direct catalyst. Jim Cramer comments on Cloudflare
• Negative Sentiment: One report flagged a new sell recommendation for Cloudflare, suggesting some analysts remain cautious despite the broader bullish tone. Cloudflare new sell recommendation

About Cloudflare

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.