3,677 Shares in Cloudflare, Inc. $NET Bought by Hill Island Financial LLC

Hill Island Financial LLC acquired a new position in shares of Cloudflare, Inc. (NYSE:NET) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,677 shares of the company’s stock, valued at approximately $725,000.

A number of other hedge funds have also added to or reduced their stakes in the business. OFI Invest Asset Management grew its position in Cloudflare by 20.5% in the fourth quarter. OFI Invest Asset Management now owns 9,987 shares of the company’s stock valued at $1,969,000 after purchasing an additional 1,702 shares in the last quarter. Jackson Square Capital LLC grew its position in Cloudflare by 1.2% in the fourth quarter. Jackson Square Capital LLC now owns 40,202 shares of the company’s stock valued at $7,926,000 after purchasing an additional 463 shares in the last quarter. Yousif Capital Management LLC grew its position in Cloudflare by 2.7% in the fourth quarter. Yousif Capital Management LLC now owns 4,111 shares of the company’s stock valued at $810,000 after purchasing an additional 109 shares in the last quarter. Greenleaf Trust grew its position in Cloudflare by 16.5% in the fourth quarter. Greenleaf Trust now owns 1,752 shares of the company’s stock valued at $345,000 after purchasing an additional 248 shares in the last quarter. Finally, Palumbo Wealth Management LLC grew its position in Cloudflare by 9.2% in the fourth quarter. Palumbo Wealth Management LLC now owns 3,888 shares of the company’s stock valued at $767,000 after purchasing an additional 326 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

NET has been the subject of a number of analyst reports. New Street Research set a $140.00 target price on shares of Cloudflare in a research report on Wednesday, February 11th. Wells Fargo & Company raised their target price on shares of Cloudflare from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. BTIG Research raised their target price on shares of Cloudflare from $199.00 to $243.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $224.00 target price on shares of Cloudflare in a research report on Wednesday, February 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $233.38.

Cloudflare Trading Down 2.5%

Shares of NYSE:NET opened at $210.92 on Thursday. Cloudflare, Inc. has a 52-week low of $96.41 and a 52-week high of $260.00. The company has a market capitalization of $74.24 billion, a P/E ratio of -727.27 and a beta of 1.87. The company has a 50-day simple moving average of $194.55 and a 200 day simple moving average of $202.49. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.98 and a current ratio of 1.98.

Cloudflare (NYSE:NET) last issued its earnings results on Tuesday, February 10th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Cloudflare had a negative net margin of 4.72% and a negative return on equity of 7.24%. The business had revenue of $614.51 million during the quarter, compared to the consensus estimate of $591.67 million. During the same period last year, the business posted $0.19 EPS. Cloudflare’s revenue was up 33.6% on a year-over-year basis. Sell-side analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare announced a strategic partnership with GoDaddy to integrate Cloudflare’s AI Crawl Control and support verifiable bot identity standards, positioning Cloudflare as a platform for the emerging “agentic” web and expanding distribution for AI-related controls and monetization. Cloudflare and GoDaddy partner
• Positive Sentiment: Cloudflare accelerated its target for full post‑quantum security to 2029, signaling product leadership on crypto resilience that can reduce enterprise risk and support security product adoption. This strengthens the company’s differentiation for security‑sensitive customers. Post‑quantum security update
• Positive Sentiment: Analyst and market commentary highlight Cloudflare’s edge‑computing positioning and strong top‑line momentum (Q4 revenue growth ~34% and improving free‑cash‑flow metrics), which supports a long‑term growth narrative around security, performance and AI inference at the edge.
• Neutral Sentiment: Recent market write‑ups noted a short‑term outperformance versus peers (recent intraday gains reported in market coverage). These pieces reflect momentum interest but are not new company fundamentals. Market outperformance note
• Negative Sentiment: CEO Matthew Prince executed planned insider sales on April 6–8 totaling about 104,109 shares (~$22M) (plus a smaller 659‑share sale disclosed separately); filings say trades were done under a pre‑arranged Rule 10b5‑1 plan. While the plan reduces the signal of opportunistic timing and Prince still holds a meaningful stake (~406,315 shares per filings), the sizable sales can create short‑term selling pressure and negative sentiment. SEC Form 4

Insiders Place Their Bets

In related news, insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $189.50, for a total transaction of $4,858,969.50. Following the completion of the sale, the insider owned 34,514 shares of the company’s stock, valued at approximately $6,540,403. The trade was a 42.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew Prince sold 659 shares of Cloudflare stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $223.62, for a total transaction of $147,365.58. Following the sale, the chief executive officer directly owned 406,315 shares of the company’s stock, valued at $90,860,160.30. The trade was a 0.16% 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 a total of 624,247 shares of company stock worth $121,102,467 in the last three months. Insiders own 10.89% of the company’s stock.

About Cloudflare

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.