Hsbc Holdings PLC Has $40.89 Million Position in Cloudflare, Inc. $NET

Posted by Geri Gentry on Jun 24th, 2026

Hsbc Holdings PLC cut its holdings in Cloudflare, Inc. (NYSE:NET – Free Report) by 53.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 206,915 shares of the company’s stock after selling 240,833 shares during the quarter. Hsbc Holdings PLC’s holdings in Cloudflare were worth $40,888,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NET. IMA Advisory Services Inc. raised its position in shares of Cloudflare by 4.5% during the 4th quarter. IMA Advisory Services Inc. now owns 1,290 shares of the company’s stock valued at $254,000 after acquiring an additional 55 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Cloudflare by 55.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after purchasing an additional 56 shares during the last quarter. Silver Oak Securities Incorporated grew its stake in shares of Cloudflare by 5.5% during the fourth quarter. Silver Oak Securities Incorporated now owns 1,090 shares of the company’s stock worth $218,000 after purchasing an additional 57 shares during the period. Certuity LLC grew its stake in shares of Cloudflare by 1.8% during the fourth quarter. Certuity LLC now owns 3,156 shares of the company’s stock worth $622,000 after purchasing an additional 57 shares during the period. Finally, Cigna Investments Inc. New increased its holdings in Cloudflare by 2.0% in the fourth quarter. Cigna Investments Inc. New now owns 3,062 shares of the company’s stock valued at $604,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on NET shares. Barclays reissued an “overweight” rating and issued a $250.00 target price on shares of Cloudflare in a research note on Monday, June 1st. Zacks Research raised Cloudflare from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. Piper Sandler reaffirmed an “overweight” rating on shares of Cloudflare in a research note on Wednesday, June 10th. Royal Bank Of Canada increased their price target on shares of Cloudflare from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $230.00 price objective (up from $224.00) on shares of Cloudflare in a research note on Wednesday, June 10th. Twenty-one equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $241.35.

Get Our Latest Research Report on Cloudflare

Insider Activity at Cloudflare

In related news, insider Michelle Zatlyn sold 35,080 shares of the 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 approximately $10,148,001.50. This represents a 42.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,384 shares of Cloudflare 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 461,477 shares of company stock valued at $98,173,864 over the last quarter. 10.66% of the stock is owned by insiders.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

Positive Sentiment: Cloudflare announced a strategic partnership with beehiiv to embed its Crawl Control technology, giving independent publishers more visibility and control over how AI systems crawl their content. The move reinforces Cloudflare’s position in the fast-growing AI infrastructure and content-protection market. Article: Cloudflare and beehiiv Introduce AI Crawl Controls to Help Independent Publishers Navigate the AI Era
Positive Sentiment: Cloudflare also unveiled a broader privacy-first internet initiative with major browsers including Firefox, Chrome, and Edge to help distinguish legitimate traffic from malicious bots. That could strengthen Cloudflare’s relevance as traffic shifts toward AI agents and bot management becomes more important for websites. Article: Cloudflare Collaborates With Leading Browsers to Develop a Privacy-First Protocol For the Global Internet
Neutral Sentiment: Analysts continued to view Cloudflare favorably overall, with brokerage consensus reported as “Moderate Buy.” This supports the stock, but it is not a new catalyst on its own. Article: Cloudflare, Inc. Receives Consensus Rating of Moderate Buy from Brokerages
Neutral Sentiment: Several notes also pointed to Cloudflare pulling back toward its 50-day moving average, which some traders see as setting up a short-term bounce. This is more of a technical setup than a fundamental driver. Article: Cloudflare Stock Due for a Short-Term Bounce
Negative Sentiment: Some commentary flagged Cloudflare’s rich valuation and insider selling, suggesting investors may be cautious despite the company’s AI growth story. That could limit upside if expectations become too stretched. Article: These AI Stocks Have Insider Selling, But Buyers Still Have a Reason to Stay (NET)

Cloudflare Stock Performance

NET stock opened at $224.64 on Wednesday. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $276.82. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The firm has a market cap of $79.40 billion, a PE ratio of -898.56, a P/E/G ratio of 389.12 and a beta of 1.70. The business’s 50-day moving average price is $219.38 and its two-hundred day moving average price is $203.07.

Cloudflare (NYSE:NET – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $639.75 million during 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 company’s revenue for the quarter was up 33.5% compared to the same quarter last year. 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. As a group, research analysts forecast that Cloudflare, Inc. will post 0.01 earnings per share for the current year.

Cloudflare Company Profile

(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.