Circle Wealth Management LLC Has $1.22 Million Stock Position in Cloudflare, Inc. $NET

Circle Wealth Management LLC increased its position in shares of Cloudflare, Inc. (NYSE:NET) by 94.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,206 shares of the company’s stock after purchasing an additional 3,010 shares during the quarter. Circle Wealth Management LLC’s holdings in Cloudflare were worth $1,224,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wiser Advisor Group LLC acquired a new stake in shares of Cloudflare in the third quarter valued at $26,000. HM Payson & Co. acquired a new stake in shares of Cloudflare in the fourth quarter valued at $25,000. Wexford Capital LP acquired a new stake in shares of Cloudflare in the third quarter valued at $30,000. Ameriflex Group Inc. increased its stake in shares of Cloudflare by 105.6% in the third quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock valued at $32,000 after buying an additional 76 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Cloudflare by 55.4% in the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after buying an additional 56 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NET has been the subject of a number of research reports. Cantor Fitzgerald restated a “neutral” rating and issued a $230.00 target price (up from $224.00) on shares of Cloudflare in a research note on Wednesday. Jefferies Financial Group initiated coverage on Cloudflare in a research note on Wednesday, April 15th. They issued a “buy” rating for the company. BTIG Research raised their target price on Cloudflare from $243.00 to $269.00 and gave the company a “buy” rating in a research note on Wednesday. Zacks Research upgraded Cloudflare from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. Finally, Piper Sandler reissued an “overweight” rating on shares of Cloudflare in a research note on Wednesday. Twenty investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $241.35.

Trending Headlines about Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Truist Financial raised its price target on Cloudflare to $250 from $225 and reiterated a buy rating, implying further upside from current levels. Truist raises Cloudflare price target
• Positive Sentiment: Morgan Stanley also sharply increased its Cloudflare price target, adding to the bullish analyst backdrop and reinforcing the view that expectations for the company are improving. Morgan Stanley raises Cloudflare price target
• Positive Sentiment: Barclays kept a buy rating on Cloudflare, while other reports noted Wall Street’s overall average recommendation remains equivalent to a Buy, supporting investor confidence in the stock. Barclays keeps buy rating on Cloudflare
• Positive Sentiment: Zacks said Cloudflare may be well poised for a surge because of solid earnings estimate revisions, which often signals improving fundamentals and stronger near-term sentiment. Zacks says Cloudflare may surge
• Neutral Sentiment: Jim Cramer commented that Cloudflare’s long-term direction looks “pretty fabulous,” but also noted the stock has been volatile, making the takeaway more of a commentary on long-term prospects than a direct catalyst. Jim Cramer comments on Cloudflare
• Negative Sentiment: One report flagged a new sell recommendation for Cloudflare, suggesting some analysts remain cautious despite the broader bullish tone. Cloudflare new sell recommendation

Cloudflare Price Performance

NET opened at $227.91 on Friday. The company has a fifty day moving average price of $216.10 and a two-hundred day moving average price of $201.68. 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, Inc. has a 52 week low of $158.83 and a 52 week high of $276.82. The firm has a market capitalization of $80.56 billion, a PE ratio of -911.62, a P/E/G ratio of 770.64 and a beta of 1.70.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $639.76 million during the quarter, compared to analysts’ expectations of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The business’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the previous 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 anticipate that Cloudflare, Inc. will post 0.01 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $210.02, for a total transaction of $11,001,687.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of the business’s stock in a transaction that occurred 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 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. In the last 90 days, insiders have sold 527,784 shares of company stock valued at $111,803,817. Corporate insiders own 10.89% of the company’s stock.

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.