Bearing Point Capital LLC Buys 4,469 Shares of Cloudflare, Inc. $NET

Bearing Point Capital LLC lifted its stake in Cloudflare, Inc. (NYSE:NET) by 11.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,539 shares of the company’s stock after buying an additional 4,469 shares during the quarter. Cloudflare comprises 1.4% of Bearing Point Capital LLC’s portfolio, making the stock its 22nd biggest holding. Bearing Point Capital LLC’s holdings in Cloudflare were worth $8,781,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Allianz Asset Management GmbH raised its stake in Cloudflare by 322.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 65,182 shares of the company’s stock valued at $13,987,000 after purchasing an additional 49,749 shares during the period. National Pension Service raised its stake in Cloudflare by 1.0% during the 3rd quarter. National Pension Service now owns 618,662 shares of the company’s stock valued at $132,759,000 after purchasing an additional 5,939 shares during the period. Trek Financial LLC bought a new stake in Cloudflare during the 4th quarter valued at approximately $1,793,000. Massachusetts Financial Services Co. MA raised its stake in Cloudflare by 25.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock valued at $323,259,000 after purchasing an additional 336,768 shares during the period. Finally, Jupiter Asset Management Ltd. raised its stake in Cloudflare by 1,984.7% during the 4th quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock valued at $38,979,000 after purchasing an additional 188,226 shares during the period. Institutional investors own 82.68% of the company’s stock.

Insider Buying and Selling

In other news, insider Michelle Zatlyn sold 35,080 shares of Cloudflare stock in a transaction that occurred on Friday, May 22nd. The stock was 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 in the company, valued at approximately $10,148,001.50. The trade was a 42.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Cloudflare stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $209.08, for a total value of $10,952,446.72. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 585,862 shares of company stock valued at $121,988,011. Company insiders own 10.89% of the company’s stock.

Cloudflare Price Performance

Shares of Cloudflare stock opened at $241.82 on Friday. The stock has a market cap of $85.48 billion, a price-to-earnings ratio of -967.27 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a 50 day moving average price of $208.57 and a 200-day moving average price of $198.97. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $260.00.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm 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 company’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $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.

Analyst Upgrades and Downgrades

NET has been the topic of several recent analyst reports. Piper Sandler reissued an “overweight” rating and set a $250.00 target price (up from $222.00) on shares of Cloudflare in a research note on Friday, May 8th. Robert W. Baird set a $260.00 target price on Cloudflare and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Royal Bank Of Canada reissued an “outperform” rating on shares of Cloudflare in a research note on Friday, May 22nd. Morgan Stanley set a $245.00 target price on Cloudflare in a research note on Wednesday, February 11th. Finally, UBS Group reissued a “neutral” rating and set a $220.00 target price on shares of Cloudflare in a research note on Wednesday, February 11th. Eighteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $236.68.

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.