WD Rutherford LLC bought a new position in Cloudflare, Inc. (NYSE:NET – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,692 shares of the company’s stock, valued at approximately $925,000.
Several other institutional investors and hedge funds also recently modified their holdings of the stock. TD Private Client Wealth LLC boosted its holdings in Cloudflare by 8.3% in the fourth quarter. TD Private Client Wealth LLC now owns 1,336 shares of the company’s stock valued at $263,000 after purchasing an additional 102 shares during the last quarter. North Dakota State Investment Board purchased a new position in Cloudflare in the fourth quarter valued at about $2,243,000. Soltis Investment Advisors LLC boosted its holdings in Cloudflare by 6.8% in the fourth quarter. Soltis Investment Advisors LLC now owns 34,166 shares of the company’s stock valued at $6,736,000 after purchasing an additional 2,176 shares during the last quarter. May Hill Capital LLC purchased a new position in Cloudflare in the fourth quarter valued at about $218,000. Finally, AlphaCore Capital LLC boosted its holdings in Cloudflare by 24.2% in the fourth quarter. AlphaCore Capital LLC now owns 1,725 shares of the company’s stock valued at $340,000 after purchasing an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.
Wall Street Analysts Forecast Growth
NET has been the subject of a number of analyst reports. Guggenheim increased their price target on Cloudflare from $117.00 to $140.00 and gave the company a “sell” rating in a report on Wednesday, February 11th. Scotiabank reduced their price target on Cloudflare from $255.00 to $225.00 and set a “sector perform” rating for the company in a report on Wednesday, February 11th. Royal Bank Of Canada increased their price target on Cloudflare from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, February 11th. Susquehanna increased their price target on Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, Truist Financial set a $225.00 target price on Cloudflare in a report on Tuesday, January 20th. Eighteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.68.
Cloudflare Trading Down 0.2%
NYSE:NET opened at $197.14 on Monday. 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 $206.94 and its two-hundred day moving average is $199.92. Cloudflare, Inc. has a 52 week low of $152.41 and a 52 week high of $260.00. The company has a market cap of $69.68 billion, a PE ratio of -788.54 and a beta of 1.67.
Cloudflare (NYSE:NET – Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $639.76 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 33.5% on a year-over-year basis. During the same period in the prior year, the firm 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 -0.09 EPS for the current year.
Insider Buying and Selling at Cloudflare
In related news, Director Mark J. Hawkins sold 133 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $211.62, for a total value of $28,145.46. Following the sale, the director directly owned 10,189 shares in the company, valued at $2,156,196.18. This trade represents a 1.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Graham-Cumming sold 2,520 shares of Cloudflare stock in a transaction on Monday, May 4th. The shares were sold at an average price of $221.58, for a total value of $558,381.60. Following the transaction, the director owned 494,067 shares in the company, valued at approximately $109,475,365.86. This trade represents a 0.51% decrease in their ownership of the stock. 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. In the last three months, insiders sold 636,246 shares of company stock worth $125,320,379. Corporate insiders own 10.89% of the company’s stock.
Cloudflare 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.
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