Harvest Fund Management Co. Ltd Has $1.15 Million Position in Cloudflare, Inc. $NET

Harvest Fund Management Co. Ltd lowered its holdings in Cloudflare, Inc. (NYSE:NET) by 31.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,824 shares of the company’s stock after selling 2,707 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Cloudflare were worth $1,148,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wiser Advisor Group LLC acquired a new position in Cloudflare in the third quarter worth $26,000. Westside Investment Management Inc. boosted its stake in Cloudflare by 100.0% in the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after purchasing an additional 65 shares in the last quarter. Wexford Capital LP acquired a new position in Cloudflare in the third quarter worth $30,000. Ameriflex Group Inc. boosted its stake in Cloudflare by 105.6% in the third quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after purchasing an additional 76 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in Cloudflare by 55.4% in the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Activity

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $210.02, for a total value of $11,001,687.68. The transaction 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 dated Friday, May 22nd. The stock was 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 owned 47,425 shares of the company’s stock, valued at $10,148,001.50. This trade represents a 42.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 527,491 shares of company stock worth $111,729,711 in the last three months. Insiders own 10.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NET shares. Wells Fargo & Company boosted their price objective on Cloudflare from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Guggenheim boosted their price objective on Cloudflare from $117.00 to $140.00 and gave the stock a “sell” rating in a research note on Wednesday, February 11th. Susquehanna boosted their price objective on Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. KeyCorp lowered Cloudflare from an “overweight” rating to a “hold” rating in a research note on Wednesday, April 15th. Finally, Jefferies Financial Group began coverage on Cloudflare in a research note on Wednesday, April 15th. They set a “buy” rating on the stock. Eighteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Cloudflare has a consensus rating of “Moderate Buy” and a consensus price target of $239.08.

Cloudflare Trading Down 6.8%

NYSE:NET opened at $250.35 on Friday. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $276.82. The business’s 50-day moving average price is $213.32 and its two-hundred day moving average price is $200.38. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $88.49 billion, a price-to-earnings ratio of -1,001.40 and a beta of 1.70.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating 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 firm had revenue of $639.76 million for the quarter, compared to analyst estimates of $620.83 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The company’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.

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.