Cookson Peirce & Co. Inc. Buys New Stake in Cloudflare, Inc. $NET

Cookson Peirce & Co. Inc. bought a new stake in shares of Cloudflare, Inc. (NYSE:NET) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 56,014 shares of the company’s stock, valued at approximately $11,043,000.

Several other institutional investors also recently bought and sold shares of NET. Norges Bank purchased a new position in Cloudflare during the fourth quarter valued at $718,316,000. Jennison Associates LLC grew its stake in shares of Cloudflare by 802.6% in the 4th quarter. Jennison Associates LLC now owns 1,863,612 shares of the company’s stock worth $367,411,000 after buying an additional 1,657,144 shares in the last quarter. Groupama Asset Managment grew its stake in shares of Cloudflare by 82.6% in the 3rd quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock worth $450,639,000 after buying an additional 950,000 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Cloudflare by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company’s stock worth $6,934,958,000 after buying an additional 821,684 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Cloudflare by 25.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock worth $323,259,000 after buying an additional 336,768 shares in the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cloudflare

In other news, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $210.66, for a total value of $11,035,213.44. Following the completion of the sale, the chief executive officer owned 25,550 shares in the company, valued at approximately $5,382,363. This trade represents a 67.22% decrease in their position. The transaction was disclosed in a legal filing 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, insider Michelle Zatlyn sold 25,641 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was 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 $10,046,037.75. This trade represents a 35.09% decrease in their position. 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 ninety days, insiders have sold 527,491 shares of company stock worth $111,729,711. 10.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NET. Stifel Nicolaus set a $260.00 price objective on shares of Cloudflare in a research note on Friday, May 8th. The Goldman Sachs Group cut shares of Cloudflare from a “buy” rating to a “sell” rating in a research note on Wednesday, April 15th. Barclays reissued an “overweight” rating and issued a $250.00 price objective on shares of Cloudflare in a research note on Monday, June 1st. New Street Research set a $140.00 price objective on shares of Cloudflare in a research note on Wednesday, February 11th. Finally, UBS Group reissued a “neutral” rating and issued a $220.00 price objective on shares of Cloudflare in a research note on Wednesday, February 11th. Eighteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.08.

Cloudflare Price Performance

Cloudflare stock opened at $250.35 on Friday. The firm has a 50-day moving average price of $213.32 and a 200-day moving average price of $200.38. The firm has a market capitalization of $88.49 billion, a PE ratio of -1,001.40 and a beta of 1.70. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $276.82.

Cloudflare (NYSE:NET) last released its 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. The firm had revenue of $639.76 million during the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The business’s revenue was up 33.5% on a year-over-year basis. During the same quarter last 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.

Cloudflare Company 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.