AXQ Capital LP Acquires 7,305 Shares of Cloudflare, Inc. $NET

AXQ Capital LP increased its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 264.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,068 shares of the company’s stock after purchasing an additional 7,305 shares during the quarter. Cloudflare accounts for 0.4% of AXQ Capital LP’s portfolio, making the stock its 29th biggest position. AXQ Capital LP’s holdings in Cloudflare were worth $1,985,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NET. Root Financial Partners LLC increased its stake in Cloudflare by 22.4% in the fourth quarter. Root Financial Partners LLC now owns 393 shares of the company’s stock valued at $77,000 after purchasing an additional 72 shares in the last quarter. Lingotto Investment Management LLP bought a new stake in Cloudflare in the fourth quarter valued at approximately $34,626,000. Main Management ETF Advisors LLC increased its stake in Cloudflare by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 42,281 shares of the company’s stock valued at $8,336,000 after purchasing an additional 432 shares in the last quarter. Peapack Gladstone Financial Corp increased its stake in Cloudflare by 21.5% in the fourth quarter. Peapack Gladstone Financial Corp now owns 8,120 shares of the company’s stock valued at $1,601,000 after purchasing an additional 1,438 shares in the last quarter. Finally, Florida Financial Advisors LLC increased its position in shares of Cloudflare by 12.1% during the fourth quarter. Florida Financial Advisors LLC now owns 4,586 shares of the company’s stock worth $903,000 after acquiring an additional 494 shares in the last quarter. 82.68% of the stock is owned by institutional investors.

Insider Buying and Selling at Cloudflare

In related news, insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $211.83, for a total transaction of $5,431,533.03. Following the completion of the sale, the insider owned 47,425 shares of the company’s stock, valued at approximately $10,046,037.75. The trade was a 35.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 10,000 shares of Cloudflare stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $200.61, for a total transaction of $2,006,100.00. Following the sale, the chief financial officer directly owned 212,014 shares of the company’s stock, valued at $42,532,128.54. The trade was a 4.50% decrease in their position. 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. Insiders have sold a total of 576,464 shares of company stock worth $121,021,760 in the last ninety days. Insiders own 10.89% of the company’s stock.

Cloudflare Stock Performance

Shares of NET stock opened at $269.87 on Tuesday. The stock has a market cap of $95.39 billion, a P/E ratio of -1,079.48 and a beta of 1.70. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The company has a fifty day moving average price of $209.52 and a two-hundred day moving average price of $198.92. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $271.20.

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. The firm had revenue of $639.76 million during the quarter, compared to analysts’ expectations of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 earnings per share. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NET. Scotiabank lowered their price objective on shares of Cloudflare from $255.00 to $225.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 11th. Guggenheim increased their price objective on shares of Cloudflare from $117.00 to $140.00 and gave the stock a “sell” rating in a research report on Wednesday, February 11th. Jefferies Financial Group began coverage on shares of Cloudflare in a research report on Wednesday, April 15th. They set a “buy” rating for the company. New Street Research set a $140.00 price objective on shares of Cloudflare in a research report on Wednesday, February 11th. Finally, Zacks Research raised shares of Cloudflare from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Eighteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Cloudflare has a consensus rating of “Moderate Buy” and a consensus target price of $236.68.

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.