Spear Advisors LLC Invests $5.84 Million in Cloudflare, Inc. $NET

Spear Advisors LLC bought a new position in shares of Cloudflare, Inc. (NYSE:NET) in the fourth quarter, Holdings Channel.com reports. The fund bought 29,640 shares of the company’s stock, valued at approximately $5,844,000. Cloudflare makes up approximately 4.1% of Spear Advisors LLC’s investment portfolio, making the stock its 13th biggest holding.

Other institutional investors have also bought and sold shares of the company. Physician Wealth Advisors Inc. lifted its stake in Cloudflare by 693.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after purchasing an additional 104 shares in the last quarter. Wiser Advisor Group LLC purchased a new position in Cloudflare in the 3rd quarter worth approximately $26,000. HM Payson & Co. purchased a new position in Cloudflare in the 4th quarter worth approximately $25,000. Westside Investment Management Inc. grew its holdings in Cloudflare by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after buying an additional 65 shares in the last quarter. Finally, Wexford Capital LP purchased a new stake in Cloudflare in the 3rd quarter valued at $30,000. 82.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NET has been the subject of several analyst reports. Scotiabank dropped their target price on Cloudflare from $255.00 to $225.00 and set a “sector perform” rating for the company in a report on Wednesday, February 11th. Cantor Fitzgerald restated a “neutral” rating and issued a $224.00 target price on shares of Cloudflare in a report on Wednesday, February 11th. Royal Bank Of Canada lifted their target price on shares of Cloudflare from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Needham & Company LLC reduced their target price on shares of Cloudflare from $285.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Finally, DZ Bank raised shares of Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a research note on Friday, February 13th. Eighteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $236.68.

Cloudflare Stock Down 1.3%

Shares of NYSE:NET opened at $197.14 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.98. The firm has a market capitalization of $69.68 billion, a PE ratio of -788.54 and a beta of 1.67. The firm’s 50-day moving average is $206.94 and its two-hundred day moving average is $200.09. Cloudflare, Inc. has a 1 year low of $152.41 and a 1 year high of $260.00.

Cloudflare (NYSE:NET) last issued 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 return on equity of 5.65% and a negative net margin of 3.72%.The company had revenue of $639.76 million for the quarter, compared to the consensus estimate of $620.83 million. During the same quarter in the prior year, the business earned $0.16 EPS. Cloudflare’s 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 predict that Cloudflare, Inc. will post -0.09 EPS for the current year.

Insider Buying and Selling

In related news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $173.78, for a total value of $9,103,291.52. Following the completion of the transaction, the chief executive officer owned 22,911 shares in the company, valued at $3,981,473.58. The trade was a 69.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michelle Zatlyn sold 35,080 shares of Cloudflare stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $187.39, for a total transaction of $6,573,641.20. Following the completion of the transaction, the insider owned 34,514 shares of the company’s stock, valued at $6,467,578.46. This represents a 50.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 636,246 shares of company stock worth $125,320,379 over the last 90 days. 10.89% of the stock is owned by insiders.

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.