Shepherd Street Advisors LLC Acquires New Position in Cloudflare, Inc. $NET

Posted by George Bondi on Jun 4th, 2026

Shepherd Street Advisors LLC bought a new position in Cloudflare, Inc. (NYSE:NET – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,082 shares of the company’s stock, valued at approximately $410,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allianz Asset Management GmbH grew its holdings in Cloudflare by 322.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 65,182 shares of the company’s stock worth $13,987,000 after acquiring an additional 49,749 shares in the last quarter. Trek Financial LLC bought a new stake in shares of Cloudflare in the 4th quarter valued at about $1,793,000. Lingotto Investment Management LLP purchased a new stake in shares of Cloudflare in the 4th quarter worth approximately $34,626,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Cloudflare by 25.8% during 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 in the last quarter. Finally, Jupiter Asset Management Ltd. increased its holdings in Cloudflare by 1,984.7% during the fourth quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock valued at $38,979,000 after buying an additional 188,226 shares during the period. Institutional investors own 82.68% of the company’s stock.

Insiders Place Their Bets

In other Cloudflare news, CAO Janel Riley sold 3,481 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $193.32, for a total transaction of $672,946.92. Following the completion of the transaction, the chief accounting officer directly owned 49,163 shares in the company, valued at approximately $9,504,191.16. This represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 10,000 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $200.61, for a total transaction of $2,006,100.00. Following the transaction, the chief financial officer directly owned 212,014 shares in the company, valued at approximately $42,532,128.54. The trade was a 4.50% decrease in their ownership of the stock. 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 three months, insiders sold 527,491 shares of company stock valued at $111,729,711. 10.89% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NET has been the subject of a number of analyst reports. Needham & Company LLC lowered their target price on Cloudflare from $285.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. DZ Bank raised Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 price target on the stock in a research report on Friday, February 13th. Morgan Stanley reiterated an “overweight” rating on shares of Cloudflare in a report on Thursday. Zacks Research raised Cloudflare from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Finally, Susquehanna raised their price target on Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Eighteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.68.

Check Out Our Latest Analysis on NET

Cloudflare Stock Performance

NET opened at $265.49 on Thursday. The firm has a fifty day moving average price of $211.56 and a 200 day moving average price of $199.62. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $274.63. The stock has a market cap of $93.84 billion, a P/E ratio of -1,061.96 and a beta of 1.70. 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 – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The business had revenue of $639.76 million during the quarter, compared to the consensus estimate of $620.83 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The company’s revenue 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.

About Cloudflare

(Free Report)

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.