Highland Capital Management 13F: Adds $3.6M to NET Stake

Highland Capital Management boosted its stake in Cloudflare, Inc. (NYSE: NET) by 10,450 shares in a filing on October 26, 2026. This increase brings its total holdings to 14,532 shares, valued at approximately $5,046,673. The firm now holds about 0.61% of its total reported portfolio in Cloudflare, which ranks 19th among its 415 positions.

Cloudflare operates as a cloud services provider, offering various services to businesses globally. As of October 26, 2026, the stock closed at $331.86. The recent trading price is about equal to this level, as shares were recently trading around $331.96 on October 27, 2026.

NET Cloudflare, Inc.

$331.86 ▲ +69.30% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Other Institutional Activity in Cloudflare

Amanah Holdings Trust increased its holdings in Cloudflare by 405,992 shares, ending with 405,992 shares worth about $140.99 million. Meanwhile, Capital International Investors added 88,231 shares, bringing its total to 10,981,005 shares valued at approximately $3.64 billion. In contrast, BAILLIE GIFFORD & CO reduced its stake by 1,326,566 shares, leaving it with 14,598,594 shares worth about $4.84 billion.

Cloudflare, Inc. Stock Up 1.9%

Cloudflare's stock is currently trading above its 200-day moving average by about 35.1%, reflecting strong performance over the long term. However, it is about 10.4% below its 52-week high of $370.35. The company's stock has shown resilience, being above its 52-week low of $158.83 by 109%.

Recent Earnings

Cloudflare reported trailing twelve-month revenue of approximately $2.51 billion, with a year-over-year revenue growth of 35.9%. The company is set to announce its next earnings report on November 5, 2026, which could provide further insights into its financial performance.

Insider Buying and Selling at Cloudflare, Inc.

Several insiders at Cloudflare have made notable transactions recently. Director Carl Ledbetter sold 5,000 shares on September 22, 2026, valued at approximately $1,765,750. On October 7, 2026, Chairman of the Board Michelle Zatlyn sold 99,009 shares, totaling about $35,235,659. Additionally, on October 19, 2026, Ledbetter and CFO Thomas J Seifert sold 5,000 and 12,500 shares, respectively, valued at approximately $1,521,994 and $3,744,827.

Analysts Set New Price Targets

On October 12, 2026, Barclays maintained an overweight rating for Cloudflare with a price target of $400, up from $355. BTIG also maintained a buy rating with a target of $413, while Oppenheimer set its target at $430. The consensus recommendation for Cloudflare is a buy, with a mean price target of $343.42 based on 31 analyst opinions.

About Cloudflare

Cloudflare, Inc. is a technology company based in San Francisco, California, that provides cloud services to businesses around the world. Its services include web security, performance optimization, and content delivery, which are crucial for online businesses today.

Bottom Line

Investors should keep an eye on Cloudflare's upcoming earnings report on November 5, 2026. Highland Capital Management's recent increase in its stake highlights the firm's confidence in the company's prospects. As always, market watchers will keep track of further institutional moves and analyst ratings in the coming weeks.