Styrax Capital LP Acquires Shares of 200,000 Cloudflare, Inc. $NET

Styrax Capital LP acquired a new position in shares of Cloudflare, Inc. (NYSE:NET) during the 1st quarter, Holdings Channel reports. The firm acquired 200,000 shares of the company’s stock, valued at approximately $41,268,000. Cloudflare accounts for about 2.9% of Styrax Capital LP’s investment portfolio, making the stock its 13th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new position in Cloudflare in the fourth quarter worth about $718,316,000. Jennison Associates LLC boosted its position in Cloudflare by 135.8% during the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after purchasing an additional 2,530,872 shares during the period. Corient Private Wealth LLC boosted its holdings in shares of Cloudflare by 4,042.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock valued at $275,887,000 after acquiring an additional 1,365,598 shares during the period. Swedbank AB grew its position in Cloudflare by 697.5% in the 1st quarter. Swedbank AB now owns 927,606 shares of the company’s stock worth $191,402,000 after purchasing an additional 811,297 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in 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 buying an additional 336,768 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Cloudflare Stock Up 0.2%

Cloudflare stock opened at $262.72 on Monday. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $291.00. The firm’s fifty day simple moving average is $243.73 and its 200-day simple moving average is $212.48. 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 company has a market capitalization of $92.86 billion, a P/E ratio of -1,050.87, a P/E/G ratio of 202.42 and a beta of 1.67.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $620.83 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Sell-side analysts forecast that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Matthew Prince sold 52,422 shares of the company’s 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 Securities & Exchange Commission, which is available through the SEC website. 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 sale, the insider directly owned 47,425 shares of the company’s stock, valued at approximately $10,148,001.50. This trade represents a 42.52% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 564,903 shares of company stock valued at $127,356,194. Company insiders own 10.66% of the company’s stock.

Wall Street Analyst Weigh In

NET has been the topic of several recent analyst reports. Oppenheimer lifted their target price on Cloudflare from $300.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday. The Goldman Sachs Group lowered Cloudflare from a “buy” rating to a “sell” rating in a research note on Wednesday, April 15th. UBS Group lifted their price objective on shares of Cloudflare from $220.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 10th. Scotiabank upgraded Cloudflare from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $225.00 to $300.00 in a report on Tuesday, July 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research report on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Cloudflare has an average rating of “Moderate Buy” and a consensus target price of $261.19.

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.