Purpose Unlimited Inc. Purchases Shares of 3,655 Cloudflare, Inc. $NET

Purpose Unlimited Inc. acquired a new position in Cloudflare, Inc. (NYSE:NET) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,655 shares of the company’s stock, valued at approximately $721,000.

Other hedge funds have also modified their holdings of the company. Stance Capital LLC grew its holdings in shares of Cloudflare by 10.7% in the fourth quarter. Stance Capital LLC now owns 6,721 shares of the company’s stock valued at $1,325,000 after purchasing an additional 650 shares in the last quarter. Osbon Capital Management LLC purchased a new stake in Cloudflare during the fourth quarter valued at $2,456,000. Fund Advisors of America Inc FL bought a new position in Cloudflare during the fourth quarter valued at $1,900,000. Spear Advisors LLC bought a new position in Cloudflare during the fourth quarter valued at $5,844,000. Finally, World Investment Advisors purchased a new position in shares of Cloudflare in the 4th quarter worth $225,000. 82.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NET shares. Citigroup restated a “market outperform” rating on shares of Cloudflare in a report on Monday, June 15th. Zacks Research upgraded Cloudflare from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. TD Cowen reiterated a “buy” rating on shares of Cloudflare in a research report on Wednesday, June 10th. BTIG Research boosted their price objective on Cloudflare from $243.00 to $269.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research report on Monday, April 20th. Twenty-one equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Cloudflare has an average rating of “Moderate Buy” and a consensus target price of $241.35.

Insider Activity

In other news, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $210.02, for a total value of $11,001,687.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 company’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 completion of the sale, the insider directly owned 47,425 shares of the company’s stock, valued at $10,148,001.50. The trade was a 42.52% 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. Over the last quarter, insiders have sold 461,477 shares of company stock worth $98,173,864. 10.66% of the stock is owned by company insiders.

Cloudflare Price Performance

Shares of NET stock opened at $223.97 on Friday. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $276.82. The stock has a market capitalization of $79.17 billion, a price-to-earnings ratio of -895.88, a P/E/G ratio of 399.24 and a beta of 1.70. The stock has a fifty day simple moving average of $217.72 and a two-hundred day simple moving average of $202.77. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $639.75 million for the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The business’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 EPS. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, analysts predict that Cloudflare, Inc. will post 0.01 EPS for the current fiscal year.

Cloudflare News Roundup

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Several recent notes point to a potential technical rebound for Cloudflare, with a hammer chart pattern suggesting support and analysts citing rising earnings estimate revisions as a possible catalyst for a near-term reversal. Article Title
• Positive Sentiment: Cloudflare’s June 4 acquisition of VoidZero could strengthen its developer platform by bringing high-performance JavaScript tools like Vite and Vitest into its edge network, supporting the long-term growth story. Article Title
• Neutral Sentiment: Citizens maintained a constructive view on Cloudflare after Investor Day, while other recent analyst updates kept the stock in focus and helped support sentiment around its AI and security growth opportunities. Article Title
• Negative Sentiment: Insider selling has been a recurring headline, including CFO Thomas Seifert’s sale of 10,000 shares and insider Michelle Zatlyn’s larger sale, which can weigh on sentiment even though the transactions were made under pre-arranged trading plans. Article Title
• Negative Sentiment: Cloudflare is also facing governance concerns after JLens urged shareholders to withhold votes for two directors, creating a headline risk ahead of the June 30 annual meeting. Article Title

Cloudflare Company 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.