Jupiter Asset Management Ltd. Has $38.98 Million Stock Position in Cloudflare, Inc. $NET

Jupiter Asset Management Ltd. lifted its stake in Cloudflare, Inc. (NYSE:NET) by 1,984.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 197,710 shares of the company’s stock after purchasing an additional 188,226 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Cloudflare were worth $38,979,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Physician Wealth Advisors Inc. raised its stake in Cloudflare by 693.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after purchasing an additional 104 shares during the period. Wiser Advisor Group LLC acquired a new stake in Cloudflare during the 3rd quarter valued at $26,000. Westside Investment Management Inc. raised its stake in Cloudflare by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after purchasing an additional 65 shares during the period. Wexford Capital LP acquired a new stake in Cloudflare during the 3rd quarter valued at $30,000. Finally, Cloud Capital Management LLC acquired a new stake in Cloudflare during the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Stock Performance

Shares of NYSE NET opened at $227.98 on Friday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The business’s 50 day moving average is $208.24 and its two-hundred day moving average is $198.67. The company has a market cap of $80.58 billion, a P/E ratio of -911.92 and a beta of 1.67. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $260.00.

Cloudflare (NYSE:NET) last announced its quarterly earnings data 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 analyst estimates of $620.83 million. During the same quarter last year, the firm earned $0.16 EPS. Cloudflare’s revenue for the quarter 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NET shares. Cantor Fitzgerald restated a “neutral” rating and set a $224.00 price objective on shares of Cloudflare in a research report on Wednesday, February 11th. DZ Bank upgraded Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a research report on Friday, February 13th. UBS Group restated a “neutral” rating and set a $220.00 price objective on shares of Cloudflare in a research report on Wednesday, February 11th. Piper Sandler restated an “overweight” rating and set a $250.00 price objective (up from $222.00) on shares of Cloudflare in a research report on Friday, May 8th. Finally, KeyCorp lowered Cloudflare from an “overweight” rating to a “hold” rating in a research report on Wednesday, April 15th. Eighteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Cloudflare has a consensus rating of “Moderate Buy” and a consensus price target of $236.68.

Insider Activity at Cloudflare

In other news, CAO Janel Riley sold 3,481 shares of Cloudflare stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $193.32, for a total transaction of $672,946.92. Following the sale, the chief accounting officer owned 49,163 shares of the company’s stock, valued at approximately $9,504,191.16. This trade represents a 6.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $211.83, for a total value of $5,431,533.03. Following the sale, the insider directly owned 47,425 shares in the company, valued at $10,046,037.75. The trade was a 35.09% 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 585,862 shares of company stock worth $121,988,011 in the last three months. Company insiders own 10.89% of the company’s stock.

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.