Clear Street Group Inc. Makes New Investment in Cloudflare, Inc. $NET

Clear Street Group Inc. purchased a new position in shares of Cloudflare, Inc. (NYSE:NET) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,187 shares of the company’s stock, valued at approximately $628,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Cloudflare by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock worth $6,389,167,000 after acquiring an additional 90,397 shares during the period. Geode Capital Management LLC lifted its position in Cloudflare by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock worth $1,184,044,000 after acquiring an additional 241,981 shares during the period. First Trust Advisors LP lifted its position in Cloudflare by 1.6% during the 4th quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock worth $792,377,000 after acquiring an additional 63,198 shares during the period. Invesco Ltd. lifted its position in Cloudflare by 1.3% during the 3rd quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock worth $850,792,000 after acquiring an additional 49,485 shares during the period. Finally, Norges Bank acquired a new stake in Cloudflare during the 4th quarter worth about $718,316,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Activity at Cloudflare

In related news, insider Alissa Michelle Starzak sold 16,243 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $216.15, for a total value of $3,510,924.45. Following the transaction, the insider directly owned 118,395 shares in the company, valued at approximately $25,591,079.25. This represents a 12.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $210.02, for a total value of $11,001,687.68. 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. Over the last three months, insiders have sold 465,059 shares of company stock worth $98,655,975. Insiders own 10.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on NET. Zacks Research raised Cloudflare from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Guggenheim reissued a “sell” rating and issued a $140.00 price objective on shares of Cloudflare in a report on Wednesday, June 10th. Sanford C. Bernstein reissued a “market perform” rating and issued a $136.00 price objective on shares of Cloudflare in a report on Wednesday, June 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a report on Monday, April 20th. Finally, UBS Group boosted their price objective on Cloudflare from $220.00 to $250.00 and gave the company a “neutral” rating in a report on Wednesday, June 10th. Twenty-one equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $241.35.

Cloudflare Trading Up 2.8%

NET opened at $234.88 on Tuesday. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $276.82. The stock has a market capitalization of $83.02 billion, a PE ratio of -939.51, a P/E/G ratio of 481.14 and a beta of 1.70. The business’s 50 day moving average price is $216.57 and its 200 day moving average price is $202.00. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The firm had revenue of $639.76 million for the quarter, compared to analysts’ expectations of $620.83 million. During the same period in the prior year, the firm posted $0.16 earnings per share. The firm’s quarterly revenue was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. As a group, equities research analysts expect that Cloudflare, Inc. will post 0.01 EPS for the current year.

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.