Havemeyer Place LP Takes $468,000 Position in Cloudflare, Inc. $NET

Havemeyer Place LP acquired a new position in shares of Cloudflare, Inc. (NYSE:NET) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,372 shares of the company’s stock, valued at approximately $468,000.

Several other institutional investors have also added to or reduced their stakes in NET. Trek Financial LLC bought a new stake in shares of Cloudflare in the 4th quarter valued at $1,793,000. Lingotto Investment Management LLP bought a new position in Cloudflare during the fourth quarter worth $34,626,000. Massachusetts Financial Services Co. MA raised its stake 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 worth $323,259,000 after buying an additional 336,768 shares during the last quarter. Jupiter Asset Management Ltd. lifted its holdings in Cloudflare by 1,984.7% in the fourth quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock valued at $38,979,000 after buying an additional 188,226 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Cloudflare by 275.6% in 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 buying an additional 27,202 shares during the period. 82.68% of the stock is currently owned by institutional investors.

Cloudflare Stock Performance

Shares of NET opened at $235.88 on Wednesday. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $276.82. The company has a market cap of $83.38 billion, a PE ratio of -943.50, a P/E/G ratio of 4,156.04 and a beta of 1.70. The stock has a 50-day moving average of $214.74 and a 200-day moving average of $201.01. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $639.76 million for the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same period in the prior 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.

Insider Buying and Selling

In related news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction on Monday, April 6th. The shares were sold at an average price of $210.02, for a total value of $11,001,687.68. The transaction was disclosed in a filing 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 Michelle Zatlyn sold 35,080 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the sale, the insider owned 47,425 shares of the company’s stock, valued at $10,148,001.50. This trade represents a 42.52% 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. Insiders have sold 527,784 shares of company stock worth $111,803,817 over the last ninety days. 10.89% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on NET. Citigroup started coverage on Cloudflare in a report on Wednesday, April 15th. They set a “buy” rating for the company. BTIG Research reissued a “buy” rating and issued a $243.00 price objective on shares of Cloudflare in a research note on Friday, May 8th. Guggenheim upped their target price on Cloudflare from $117.00 to $140.00 and gave the company a “sell” rating in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a report on Monday, April 20th. Finally, Needham & Company LLC dropped their price target on Cloudflare from $285.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Eighteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $239.08.

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.