Caxton Associates LLP Acquires New Holdings in Cloudflare, Inc. $NET

Caxton Associates LLP bought a new position in shares of Cloudflare, Inc. (NYSE:NET) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,278 shares of the company’s stock, valued at approximately $2,533,000.

Several other institutional investors also recently modified their holdings of NET. Lingotto Investment Management LLP acquired a new position in Cloudflare during the 4th quarter valued at about $34,626,000. Trek Financial LLC purchased a new position in Cloudflare during the 4th quarter worth $1,793,000. Jupiter Asset Management Ltd. boosted its holdings in Cloudflare by 1,984.7% during the 4th quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock worth $38,979,000 after acquiring an additional 188,226 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Cloudflare by 25.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock worth $323,259,000 after acquiring an additional 336,768 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in shares of Cloudflare by 17.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock worth $284,900,000 after acquiring an additional 206,506 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare Stock Up 0.2%

Shares of NYSE:NET opened at $262.72 on Friday. The firm has a fifty day moving average price of $243.73 and a two-hundred day moving average price of $212.38. 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 $291.00. The company has a market cap of $92.86 billion, a price-to-earnings ratio of -1,050.87, a PEG ratio of 267.36 and a beta of 1.67.

Cloudflare (NYSE:NET) last released its quarterly 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 $639.75 million for the quarter, compared to analysts’ expectations of $620.83 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The business’s quarterly revenue 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 EPS for the current fiscal year.

Insider Activity

In other news, insider Michelle Zatlyn sold 35,080 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the sale, the insider owned 47,425 shares in the company, valued at approximately $10,148,001.50. This trade represents a 42.52% decrease in their position. The transaction was disclosed in a 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 52,422 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total transaction of $13,057,795.98. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 564,903 shares of company stock valued at $127,356,194. 10.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Truist Financial lifted their target price on shares of Cloudflare from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday. Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research note on Friday, July 17th. TD Cowen upped their price objective on Cloudflare from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Raymond James Financial initiated coverage on Cloudflare in a research report on Tuesday, July 7th. They set a “strong-buy” rating for the company. Finally, Wells Fargo & Company lifted their target price on Cloudflare from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $261.19.

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.