Cloudflare, Inc. $NET Stake Trimmed by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lowered its stake in Cloudflare, Inc. (NYSE:NET) by 31.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,824 shares of the company’s stock after selling 2,707 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Cloudflare were worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of NET. Wiser Advisor Group LLC acquired a new stake in Cloudflare during the 3rd quarter worth about $26,000. Westside Investment Management Inc. boosted its position in Cloudflare by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after acquiring an additional 65 shares during the period. Wexford Capital LP acquired a new stake in Cloudflare during the 3rd quarter worth about $30,000. Ameriflex Group Inc. boosted its position in Cloudflare by 105.6% during the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after acquiring an additional 76 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in Cloudflare by 55.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after acquiring an additional 56 shares during the period. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Insider Transactions at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 10,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $200.61, for a total value of $2,006,100.00. Following the sale, the chief financial officer directly owned 212,014 shares in the company, valued at $42,532,128.54. This represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 on 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 $5,382,363. This trade represents a 67.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 527,491 shares of company stock valued at $111,729,711. 10.89% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NET. Piper Sandler restated an “overweight” rating and set a $250.00 price objective (up from $222.00) on shares of Cloudflare in a research report on Friday, May 8th. Susquehanna lifted their price target on Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, May 11th. BTIG Research restated a “buy” rating and issued a $243.00 target price on shares of Cloudflare in a report on Friday, May 8th. Zacks Research upgraded Cloudflare from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. Finally, Scotiabank reduced their target price on Cloudflare from $255.00 to $225.00 and set a “sector perform” rating for the company in a report on Wednesday, February 11th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $239.08.

Cloudflare Stock Performance

NET opened at $250.35 on Friday. The stock has a market cap 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 1 year low of $158.83 and a 1 year high of $276.82. The stock’s 50 day simple moving average is $213.32 and its 200-day simple moving average is $200.38.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share 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 business posted $0.16 earnings per share. The business’s 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.

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.