Blue Jean Financial LLC Invests $1.74 Million in Cloudflare, Inc. $NET

Blue Jean Financial LLC acquired a new position in Cloudflare, Inc. (NYSE:NET) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,809 shares of the company’s stock, valued at approximately $1,737,000. Cloudflare comprises 1.4% of Blue Jean Financial LLC’s investment portfolio, making the stock its 25th biggest holding.

Other institutional investors have also recently modified their holdings of the company. Trek Financial LLC purchased a new position in shares of Cloudflare in the fourth quarter worth about $1,793,000. Lingotto Investment Management LLP purchased a new position in Cloudflare during the fourth quarter valued at approximately $34,626,000. Jupiter Asset Management Ltd. raised its position in Cloudflare by 1,984.7% during the fourth quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock valued at $38,979,000 after acquiring an additional 188,226 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Cloudflare by 25.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock valued at $323,259,000 after acquiring an additional 336,768 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its position in Cloudflare by 275.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 37,072 shares of the company’s stock valued at $7,348,000 after acquiring an additional 27,202 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Cloudflare Stock Up 0.2%

Shares of NET opened at $227.91 on Friday. 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. The stock’s 50 day moving average is $216.10 and its two-hundred day moving average is $201.68. The firm has a market cap of $80.56 billion, a P/E ratio of -911.62, a PEG ratio of 774.17 and a beta of 1.70.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate 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 company had revenue of $639.76 million for the quarter, compared to analyst estimates of $620.83 million. During the same period last year, the company earned $0.16 earnings per share. Cloudflare’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. Analysts predict 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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research report on Monday, April 20th. Royal Bank Of Canada lifted their price target on Cloudflare from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday. Sanford C. Bernstein reiterated a “market perform” rating and set a $136.00 price target on shares of Cloudflare in a research report on Wednesday. Morgan Stanley reiterated an “overweight” rating and set a $305.00 price target on shares of Cloudflare in a research report on Thursday, June 4th. Finally, Truist Financial lifted their price target on Cloudflare from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday. Twenty investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Cloudflare has a consensus rating of “Moderate Buy” and an average price target of $241.35.

Insider Buying and Selling

In other Cloudflare news, Director Katrin Suder sold 293 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $252.92, for a total value of $74,105.56. Following the sale, the director directly owned 37,430 shares of the company’s stock, valued at approximately $9,466,795.60. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alissa Michelle Starzak sold 16,243 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $216.15, for a total value of $3,510,924.45. Following the completion of the sale, the insider directly owned 118,395 shares in the company, valued at approximately $25,591,079.25. The trade was a 12.06% 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. Insiders sold 527,784 shares of company stock valued at $111,803,817 in the last 90 days. Corporate 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.