Cloudflare, Inc. $NET Shares Sold by Manchester Global Management UK Ltd

Manchester Global Management UK Ltd lessened its position in Cloudflare, Inc. (NYSE:NET) by 7.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 59,510 shares of the company’s stock after selling 4,490 shares during the quarter. Cloudflare makes up approximately 1.6% of Manchester Global Management UK Ltd’s investment portfolio, making the stock its 20th largest position. Manchester Global Management UK Ltd’s holdings in Cloudflare were worth $11,732,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. HM Payson & Co. acquired a new position in Cloudflare during the fourth quarter worth about $25,000. Wiser Advisor Group LLC acquired a new stake in Cloudflare in the 3rd quarter valued at about $26,000. Wexford Capital LP acquired a new stake in Cloudflare in the 3rd quarter valued at about $30,000. Ameriflex Group Inc. boosted its position in shares of Cloudflare by 105.6% during the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock valued at $32,000 after purchasing an additional 76 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Cloudflare by 55.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 82.68% of the company’s stock.

Cloudflare Stock Performance

Shares of NET opened at $231.19 on Wednesday. The company has a 50-day moving average of $216.97 and a two-hundred day moving average of $202.23. The stock has a market cap of $81.72 billion, a price-to-earnings ratio of -924.75, a PEG ratio of 496.37 and a beta of 1.70. 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, Inc. has a one year low of $158.83 and a one year high of $276.82.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $639.76 million for the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the business 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. On average, equities research analysts expect that Cloudflare, Inc. will post 0.01 earnings per share for the current year.

Insider Activity at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $210.66, for a total transaction of $11,035,213.44. Following the sale, the chief executive officer directly owned 25,550 shares of the company’s stock, valued at $5,382,363. The trade was a 67.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alissa Michelle Starzak sold 16,243 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $216.15, for a total value of $3,510,924.45. Following the completion of the sale, the insider owned 118,395 shares of the company’s stock, valued at $25,591,079.25. The trade was a 12.06% decrease in their position. 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. Over the last 90 days, insiders sold 400,195 shares of company stock worth $84,257,925. Insiders own 10.66% of the company’s stock.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare continued to attract investor attention as one of Zacks’ most watched stocks, and the company also saw upbeat analyst support when Citizens JMP reaffirmed its “market outperform” rating with a $270 price target, implying meaningful upside from current levels.
• Positive Sentiment: Shares had recently benefited from broader enthusiasm for AI security plays, with Cloudflare mentioned alongside other cybersecurity names as investors rotated into the theme.
• Neutral Sentiment: A new third-party announcement highlighted a no-code Cloudflare integration from Spur to improve session enrichment and traffic enforcement, reinforcing Cloudflare’s ecosystem presence but not directly changing fundamentals.
• Neutral Sentiment: JLens urged shareholders to withhold votes on two directors ahead of the June 30 annual meeting, adding a governance-related headline that could keep some investors cautious.
• Negative Sentiment: A director, John Graham-Cumming, disclosed the sale of 2,520 shares under a pre-arranged trading plan, which can still weigh on sentiment even though the transaction was routine and small relative to his holdings.
• Negative Sentiment: Cloudflare also fell more than the broader market in the latest session, reflecting some profit-taking after earlier strength and mixed investor positioning.

Wall Street Analyst Weigh In

NET has been the topic of a number of research reports. TD Cowen reiterated a “buy” rating on shares of Cloudflare in a report on Wednesday, June 10th. Mizuho lifted their price target on shares of Cloudflare from $235.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Susquehanna upped their price target on Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, May 11th. The Goldman Sachs Group downgraded Cloudflare from a “buy” rating to a “sell” rating in a research report on Wednesday, April 15th. Finally, Needham & Company LLC raised their price objective on Cloudflare from $250.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Twenty-one equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $241.35.

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.