Cloudflare, Inc. $NET Shares Sold by Polar Capital Holdings Plc

Polar Capital Holdings Plc lessened its stake in Cloudflare, Inc. (NYSE:NET) by 48.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 930,366 shares of the company’s stock after selling 863,149 shares during the period. Cloudflare accounts for approximately 0.7% of Polar Capital Holdings Plc’s portfolio, making the stock its 28th largest position. Polar Capital Holdings Plc’s holdings in Cloudflare were worth $183,422,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. HM Payson & Co. acquired a new stake in shares of Cloudflare during the fourth quarter worth about $25,000. Wiser Advisor Group LLC acquired a new stake in shares of Cloudflare during the third quarter worth about $26,000. Wexford Capital LP acquired a new stake in shares of Cloudflare during the third quarter worth about $30,000. Ameriflex Group Inc. boosted its stake in shares of Cloudflare by 105.6% during the third quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after buying an additional 76 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of Cloudflare by 55.4% during the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Activity at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $210.02, for a total value of $11,001,687.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $7,506,418.40. Following the completion of the transaction, the insider directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 400,195 shares of company stock valued at $84,257,925. 10.66% of the stock is currently owned by corporate insiders.

Cloudflare Trading Down 1.9%

Shares of Cloudflare stock opened at $231.19 on Wednesday. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $276.82. 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 cap of $81.72 billion, a PE ratio of -924.75, a price-to-earnings-growth ratio of 496.37 and a beta of 1.70. The company has a 50-day moving average of $216.97 and a two-hundred day moving average of $202.23.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (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 company had revenue of $639.76 million during the quarter, compared to analysts’ expectations of $620.83 million. During the same period last year, the company posted $0.16 earnings per share. The firm’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. On average, research analysts anticipate that Cloudflare, Inc. will post 0.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NET has been the subject of several recent research reports. KeyCorp reiterated an “overweight” rating on shares of Cloudflare in a research note on Wednesday, June 10th. Jefferies Financial Group initiated coverage on shares of Cloudflare in a research note on Wednesday, April 15th. They set a “buy” rating for the company. UBS Group increased their target price on shares of Cloudflare from $220.00 to $250.00 and gave the stock a “neutral” rating in a research note 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. Finally, Royal Bank Of Canada increased their target price on shares of Cloudflare from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Twenty-one investment 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. According to data from MarketBeat, Cloudflare has a consensus rating of “Moderate Buy” and a consensus target price of $241.35.

Cloudflare News Roundup

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare continued to attract investor attention as one of Zacks’ most watched stocks, and the company also saw upbeat analyst support when Citizens JMP reaffirmed its “market outperform” rating with a $270 price target, implying meaningful upside from current levels.
• Positive Sentiment: Shares had recently benefited from broader enthusiasm for AI security plays, with Cloudflare mentioned alongside other cybersecurity names as investors rotated into the theme.
• Neutral Sentiment: A new third-party announcement highlighted a no-code Cloudflare integration from Spur to improve session enrichment and traffic enforcement, reinforcing Cloudflare’s ecosystem presence but not directly changing fundamentals.
• Neutral Sentiment: JLens urged shareholders to withhold votes on two directors ahead of the June 30 annual meeting, adding a governance-related headline that could keep some investors cautious.
• Negative Sentiment: A director, John Graham-Cumming, disclosed the sale of 2,520 shares under a pre-arranged trading plan, which can still weigh on sentiment even though the transaction was routine and small relative to his holdings.
• Negative Sentiment: Cloudflare also fell more than the broader market in the latest session, reflecting some profit-taking after earlier strength and mixed investor positioning.

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.