Shepherd Street Advisors LLC Acquires Shares of 2,082 Cloudflare, Inc. $NET

Shepherd Street Advisors LLC bought a new position in shares of Cloudflare, Inc. (NYSE:NET) in the fourth quarter, Holdings Channel.com reports. The fund bought 2,082 shares of the company’s stock, valued at approximately $410,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Cloudflare by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock valued at $6,389,167,000 after acquiring an additional 90,397 shares in the last quarter. Geode Capital Management LLC lifted its stake in Cloudflare by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock worth $1,184,044,000 after purchasing an additional 241,981 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of 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 purchasing an additional 49,485 shares during the last quarter. Norges Bank acquired a new position in shares of Cloudflare during the 4th quarter worth approximately $718,316,000. Finally, Legal & General Group Plc grew its position in shares of Cloudflare by 4.9% in the fourth quarter. Legal & General Group Plc now owns 2,824,772 shares of the company’s stock valued at $556,904,000 after purchasing an additional 131,127 shares in the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NET shares. Wells Fargo & Company lifted their price target on Cloudflare from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. KeyCorp cut shares of Cloudflare from an “overweight” rating to a “hold” rating in a research report on Wednesday, April 15th. Jefferies Financial Group started coverage on shares of Cloudflare in a research note on Wednesday, April 15th. They set a “buy” rating on the stock. Citigroup began coverage on shares of Cloudflare in a research note on Wednesday, April 15th. They issued a “buy” rating for the company. Finally, Susquehanna lifted their price target on shares of Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Eighteen investment 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’s stock. Based on data from MarketBeat, Cloudflare currently has an average rating of “Moderate Buy” and an average target price of $236.68.

Insiders Place Their Bets

In other Cloudflare news, insider Alissa Michelle Starzak sold 16,243 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $216.15, for a total transaction of $3,510,924.45. Following the sale, the insider owned 118,395 shares in the company, valued at $25,591,079.25. This represents a 12.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $211.83, for a total value of $5,431,533.03. Following the completion of the sale, the insider directly owned 47,425 shares in the company, valued at $10,046,037.75. This represents a 35.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 527,491 shares of company stock valued at $111,729,711. 10.89% of the stock is owned by company insiders.

Cloudflare Stock Performance

Shares of Cloudflare stock opened at $265.49 on Thursday. The stock has a market capitalization of $93.84 billion, a price-to-earnings ratio of -1,061.96 and a beta of 1.70. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $274.63. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The business has a 50-day moving average of $211.56 and a 200 day moving average of $199.62.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm had revenue of $639.76 million for the quarter, compared to the consensus estimate of $620.83 million. During the same period in the prior year, the firm earned $0.16 EPS. The firm’s revenue for the quarter 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.

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.