Wealth High Governance Capital Ltda Invests $8.69 Million in Cloudflare, Inc. $NET

Wealth High Governance Capital Ltda purchased a new stake in shares of Cloudflare, Inc. (NYSE:NET) in the 1st quarter, Holdings Channel reports. The fund purchased 42,107 shares of the company’s stock, valued at approximately $8,688,000. Cloudflare comprises approximately 2.6% of Wealth High Governance Capital Ltda’s portfolio, making the stock its 17th largest position.

Other large investors have also recently modified their holdings of the company. Lingotto Investment Management LLP bought a new stake in shares of Cloudflare in the fourth quarter valued at about $34,626,000. Trek Financial LLC bought a new position in shares of Cloudflare during the fourth quarter valued at approximately $1,793,000. Jupiter Asset Management Ltd. increased its holdings in shares of Cloudflare by 1,984.7% in the 4th quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock valued at $38,979,000 after acquiring an additional 188,226 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Cloudflare by 25.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock valued at $323,259,000 after purchasing an additional 336,768 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its position in shares of Cloudflare by 17.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock worth $284,900,000 after buying an additional 206,506 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analyst Ratings Changes

NET has been the topic of several recent analyst reports. Susquehanna upped their price objective on shares of Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Piper Sandler reaffirmed an “overweight” rating on shares of Cloudflare in a research report on Wednesday, June 10th. Mizuho boosted their price target on Cloudflare from $260.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. KeyCorp reissued an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $136.00 price objective on shares of Cloudflare in a research note on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $262.00.

Cloudflare Trading Up 0.1%

Shares of Cloudflare stock opened at $279.18 on Monday. The stock has a market cap of $98.68 billion, a PE ratio of -1,116.70, a price-to-earnings-growth ratio of 215.41 and a beta of 1.67. The firm has a fifty day moving average price of $250.08 and a 200 day moving average price of $215.35. 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, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm’s revenue was up 33.5% on a year-over-year basis. During the same period in the prior 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. Equities research analysts predict that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Insider Activity at Cloudflare

In other Cloudflare 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 value of $13,057,795.98. The transaction was disclosed in a document filed with the SEC, 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 firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the sale, the insider directly owned 47,425 shares in the company, valued at $10,148,001.50. The trade was 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. Over the last quarter, insiders have sold 547,250 shares of company stock valued at $123,532,067. 10.66% of the stock is owned by company insiders.

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.