Westfield Capital Management Co. LP Has $102.41 Million Stock Holdings in Cloudflare, Inc. $NET

Westfield Capital Management Co. LP boosted its position in Cloudflare, Inc. (NYSE:NET) by 8.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 519,475 shares of the company’s stock after purchasing an additional 38,625 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Cloudflare were worth $102,414,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brown Brothers Harriman & Co. raised its position in Cloudflare by 55.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after buying an additional 56 shares during the last quarter. Silver Oak Securities Incorporated raised its position in Cloudflare by 5.5% in the 4th quarter. Silver Oak Securities Incorporated now owns 1,090 shares of the company’s stock valued at $218,000 after buying an additional 57 shares during the last quarter. Certuity LLC raised its position in Cloudflare by 1.8% in the 4th quarter. Certuity LLC now owns 3,156 shares of the company’s stock valued at $622,000 after buying an additional 57 shares during the last quarter. Rothschild Investment LLC raised its position in Cloudflare by 37.4% in the 3rd quarter. Rothschild Investment LLC now owns 224 shares of the company’s stock valued at $48,000 after buying an additional 61 shares during the last quarter. Finally, Cigna Investments Inc. New raised its position in Cloudflare by 2.0% in the 4th quarter. Cigna Investments Inc. New now owns 3,062 shares of the company’s stock valued at $604,000 after buying an additional 61 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Stock Up 1.4%

NET stock opened at $269.18 on Friday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The business has a 50 day moving average price of $212.68 and a two-hundred day moving average price of $200.03. The company has a market cap of $95.14 billion, a price-to-earnings ratio of -1,076.71 and a beta of 1.70. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $276.82.

Cloudflare (NYSE:NET) last posted 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. The firm had revenue of $639.76 million during 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 business’s revenue was up 33.5% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. 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 Activity at Cloudflare

In other news, insider Michelle Zatlyn sold 35,080 shares of Cloudflare stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the completion of the transaction, the insider directly owned 47,425 shares in the company, valued at approximately $10,148,001.50. The trade was a 42.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $210.02, for a total value of $11,001,687.68. 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 have sold a total of 527,491 shares of company stock valued at $111,729,711 over the last quarter. 10.89% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NET shares. Susquehanna lifted their target price on Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Zacks Research upgraded Cloudflare from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. UBS Group restated a “neutral” rating and issued a $220.00 price target on shares of Cloudflare in a research note on Wednesday, February 11th. New Street Research set a $140.00 price target on Cloudflare in a research note on Wednesday, February 11th. Finally, Morgan Stanley restated an “overweight” rating and issued a $305.00 price target on shares of Cloudflare in a research note on Thursday. Eighteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $239.08.

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.