Clear Street Group Inc. Makes New $628,000 Investment in Cloudflare, Inc. $NET

Clear Street Group Inc. purchased a new position in shares of Cloudflare, Inc. (NYSE:NET) during the fourth quarter, Holdings Channel reports. The fund purchased 3,187 shares of the company’s stock, valued at approximately $628,000.

A number of other large investors also recently added to or reduced their stakes in NET. Empowered Funds LLC lifted its stake in Cloudflare by 34.2% during the first quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock worth $750,000 after purchasing an additional 1,696 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Cloudflare during the second quarter worth $424,000. Cerity Partners LLC lifted its stake in Cloudflare by 30.1% during the second quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock worth $5,391,000 after purchasing an additional 6,363 shares in the last quarter. Sei Investments Co. lifted its stake in Cloudflare by 40.1% during the second quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock worth $64,432,000 after purchasing an additional 94,112 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Cloudflare by 14.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock worth $3,224,000 after purchasing an additional 2,093 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cloudflare news, 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. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of Cloudflare stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $213.98, for a total value of $7,506,418.40. Following the completion of the sale, the insider directly owned 47,425 shares in the company, valued at $10,148,001.50. This 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 a total of 465,059 shares of company stock valued at $98,655,975 over the last quarter. 10.66% of the stock is currently owned by insiders.

Cloudflare Stock Performance

Shares of NET stock opened at $234.88 on Tuesday. The stock’s 50-day moving average is $216.57 and its two-hundred day moving average is $202.00. The firm has a market cap of $83.02 billion, a price-to-earnings ratio of -939.51, a PEG ratio of 481.14 and a beta of 1.70. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $276.82. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $639.76 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter last year, the company posted $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. Analysts predict that Cloudflare, Inc. will post 0.01 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on NET shares. Sanford C. Bernstein restated a “market perform” rating and set a $136.00 price target on shares of Cloudflare in a research note on Wednesday, June 10th. Guggenheim restated a “sell” rating and set a $140.00 price target on shares of Cloudflare in a research note on Wednesday, June 10th. UBS Group upped their price target on Cloudflare from $220.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 10th. Cantor Fitzgerald restated a “neutral” rating and set a $230.00 price target (up from $224.00) on shares of Cloudflare in a research note on Wednesday, June 10th. Finally, Jefferies Financial Group started coverage on Cloudflare in a research note on Wednesday, April 15th. They set a “buy” rating on the stock. Twenty-one investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.