Bull Harbor Capital LLC Invests $417,000 in Cloudflare, Inc. $NET

Bull Harbor Capital LLC purchased a new position in Cloudflare, Inc. (NYSE:NET) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,021 shares of the company’s stock, valued at approximately $417,000.

Several other institutional investors also recently added to or reduced their stakes in NET. Wiser Advisor Group LLC purchased a new stake in Cloudflare during the third quarter worth about $26,000. HM Payson & Co. purchased a new position in Cloudflare in the fourth quarter valued at about $25,000. Wexford Capital LP bought a new position in shares of Cloudflare during the 3rd quarter valued at approximately $30,000. Brown Brothers Harriman & Co. grew its position 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 during the period. Finally, Rachor Investment Advisory Services LLC purchased a new stake in shares of Cloudflare during the 4th quarter worth approximately $35,000. Institutional investors own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NET shares. Raymond James Financial began coverage on Cloudflare in a report on Tuesday, July 7th. They set a “strong-buy” rating for the company. Wells Fargo & Company upped their price target on Cloudflare from $270.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Piper Sandler reissued an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. Citigroup restated a “market outperform” rating on shares of Cloudflare in a research note on Monday, July 20th. Finally, Oppenheimer increased their target price on shares of Cloudflare from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Cloudflare currently has an average rating of “Moderate Buy” and a consensus target price of $262.00.

Insider Buying and Selling at Cloudflare

In other news, insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $219.11, for a total value of $5,618,199.51. Following the sale, the insider directly owned 47,425 shares of the company’s stock, valued at approximately $10,391,291.75. This represents a 35.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Graham-Cumming sold 2,520 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $247.28, for a total transaction of $623,145.60. Following the transaction, the director directly owned 494,909 shares of the company’s stock, valued at approximately $122,381,097.52. This represents a 0.51% 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. Insiders have sold a total of 549,770 shares of company stock worth $124,090,448 in the last three months. 10.66% of the stock is currently owned by corporate insiders.

Cloudflare Trading Down 1.5%

NYSE:NET opened at $279.18 on Friday. The company has a market cap of $98.68 billion, a P/E ratio of -1,116.70, a P/E/G ratio of 218.82 and a beta of 1.67. The stock’s fifty day moving average price is $250.08 and its two-hundred day moving average price is $215.15. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $293.80. 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 (NYSE:NET) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $639.75 million during 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 revenue for the quarter was up 33.5% on a year-over-year basis. During the same period last year, the company 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. As a group, analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current year.

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.