Capelight Capital Asset Management LP Reduces Position in Cloudflare, Inc. $NET

Capelight Capital Asset Management LP decreased its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 11.1% in the 1st quarter, HoldingsChannel reports. The firm owned 40,000 shares of the company’s stock after selling 5,000 shares during the period. Cloudflare makes up approximately 5.8% of Capelight Capital Asset Management LP’s holdings, making the stock its 5th largest holding. Capelight Capital Asset Management LP’s holdings in Cloudflare were worth $8,254,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HM Payson & Co. acquired a new position in shares of Cloudflare in the fourth quarter valued at $25,000. Wiser Advisor Group LLC acquired a new stake in shares of Cloudflare during the 3rd quarter worth about $26,000. Wexford Capital LP bought a new stake in shares of Cloudflare during the 3rd quarter worth about $30,000. Ameriflex Group Inc. boosted its holdings in shares of Cloudflare by 105.6% during the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after buying an additional 76 shares during the period. Finally, Brown Brothers Harriman & Co. grew its stake 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. 82.68% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Michelle Zatlyn sold 35,080 shares of the stock in a transaction 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 sale, the insider directly owned 47,425 shares of the company’s stock, valued at approximately $10,148,001.50. This represents a 42.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,384 shares of the stock in a transaction 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. In the last 90 days, insiders have sold 566,245 shares of company stock worth $121,343,833. Corporate insiders own 10.66% of the company’s stock.

Cloudflare Stock Performance

NYSE NET opened at $242.14 on Friday. The firm has a 50-day moving average price of $225.40 and a two-hundred day moving average price of $204.62. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $276.82. The company has a market capitalization of $85.59 billion, a P/E ratio of -968.56, a P/E/G ratio of 248.07 and a beta of 1.67. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, May 7th. The company reported $0.25 EPS 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 company had revenue of $639.75 million for the quarter, compared to analysts’ expectations of $620.83 million. During the same period last year, the firm earned $0.16 earnings per share. The business’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. Analysts anticipate that Cloudflare, Inc. will post 0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Cloudflare in a report on Wednesday, April 15th. They issued a “buy” rating on the stock. KeyCorp restated an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. Truist Financial upped their target price on Cloudflare from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Mizuho increased their target price on Cloudflare from $235.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Finally, New Street Research reissued a “market outperform” rating on shares of Cloudflare in a report on Monday, June 15th. Twenty-one research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $241.35.

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.