Circle Wealth Management LLC Has $1.22 Million Stock Position in Cloudflare, Inc. $NET

Circle Wealth Management LLC lifted its position in Cloudflare, Inc. (NYSE:NET) by 94.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,206 shares of the company’s stock after buying an additional 3,010 shares during the quarter. Circle Wealth Management LLC’s holdings in Cloudflare were worth $1,224,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. IMA Advisory Services Inc. lifted its stake in shares of Cloudflare by 4.5% in the fourth quarter. IMA Advisory Services Inc. now owns 1,290 shares of the company’s stock worth $254,000 after buying an additional 55 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Cloudflare by 55.4% in 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 last quarter. Silver Oak Securities Incorporated lifted its stake in shares of Cloudflare by 5.5% in the fourth quarter. Silver Oak Securities Incorporated now owns 1,090 shares of the company’s stock worth $218,000 after buying an additional 57 shares during the last quarter. Certuity LLC lifted its stake in shares of Cloudflare by 1.8% in the fourth quarter. Certuity LLC now owns 3,156 shares of the company’s stock worth $622,000 after buying an additional 57 shares during the last quarter. Finally, Rothschild Investment LLC lifted its stake in shares of Cloudflare by 37.4% in the third quarter. Rothschild Investment LLC now owns 224 shares of the company’s stock worth $48,000 after buying an additional 61 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NET has been the subject of a number of research analyst reports. Barclays reiterated an “overweight” rating and set a $250.00 price target on shares of Cloudflare in a report on Monday, June 1st. Mizuho upped their price target on Cloudflare from $235.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday. Zacks Research upgraded Cloudflare from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. Truist Financial upped their price target on Cloudflare from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday. Finally, UBS Group upped their price target on Cloudflare from $220.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday. Twenty analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Cloudflare has an average rating of “Moderate Buy” and an average target price of $241.35.

Cloudflare Stock Performance

NYSE:NET opened at $227.91 on Friday. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $276.82. 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 price-to-earnings-growth ratio of 770.64 and a beta of 1.70. The firm has a 50-day moving average price of $216.10 and a 200 day moving average price of $201.68.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the business posted $0.16 earnings per share. The company’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. Research analysts anticipate that Cloudflare, Inc. will post 0.01 earnings per share for the current fiscal year.

Key Headlines Impacting 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

Insider Activity

In related 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was 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 $10,148,001.50. This trade represents a 42.52% 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 sold 527,784 shares of company stock valued at $111,803,817 in the last three months. Company insiders own 10.89% of the company’s stock.

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.