Wealth High Governance Asset Management Ltda. Takes Position in Cloudflare, Inc. $NET

Wealth High Governance Asset Management Ltda. purchased a new position in Cloudflare, Inc. (NYSE:NET) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 35,786 shares of the company’s stock, valued at approximately $7,384,000. Cloudflare makes up about 2.6% of Wealth High Governance Asset Management Ltda.’s investment portfolio, making the stock its 17th biggest holding.

Several other institutional investors have also made changes to their positions in NET. HM Payson & Co. purchased a new position in Cloudflare during the fourth quarter valued at approximately $25,000. Wiser Advisor Group LLC purchased a new stake in Cloudflare in the 3rd quarter worth approximately $26,000. Wexford Capital LP purchased a new position in shares of Cloudflare during the 3rd quarter valued at $30,000. Brown Brothers Harriman & Co. grew its holdings in shares of Cloudflare by 55.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after acquiring an additional 56 shares in the last quarter. Finally, Rachor Investment Advisory Services LLC acquired a new position in shares of Cloudflare in the fourth quarter worth $35,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cloudflare

In other news, CEO Matthew Prince sold 52,422 shares of Cloudflare stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of the 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 completion of the transaction, the insider 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 547,250 shares of company stock valued at $123,532,067 in the last ninety days. 10.66% of the stock is owned by company insiders.

Cloudflare Trading Up 0.1%

Shares of NYSE:NET opened at $279.18 on Monday. The company has a market cap of $98.68 billion, a P/E ratio of -1,116.70, a P/E/G ratio of 215.41 and a beta of 1.67. The stock’s 50-day moving average is $250.08 and its 200-day moving average is $215.35. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $293.80. 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 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 return on equity of 5.65% and a negative net margin of 3.72%.The company had revenue of $639.75 million for the quarter, compared to the consensus estimate of $620.83 million. During the same period in the previous year, the business posted $0.16 EPS. The company’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. Equities research analysts predict that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NET shares. KeyCorp reiterated an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. Scotiabank raised Cloudflare from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $225.00 to $300.00 in a research report on Tuesday, July 7th. Oppenheimer raised their price target on Cloudflare from $300.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Mizuho boosted their price target on Cloudflare from $260.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $136.00 price objective on shares of Cloudflare in a report on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $262.00.

About Cloudflare

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.