SlateStone Wealth LLC boosted its position in shares of Cloudflare, Inc. (NYSE:NET – Free Report) by 32.6% in the 4th quarter, HoldingsChannel reports. The fund owned 10,861 shares of the company’s stock after acquiring an additional 2,670 shares during the period. SlateStone Wealth LLC’s holdings in Cloudflare were worth $2,141,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. grew its holdings in Cloudflare by 693.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after acquiring an additional 104 shares in the last quarter. Wiser Advisor Group LLC acquired a new position in Cloudflare during the 3rd quarter worth approximately $26,000. Westside Investment Management Inc. grew its holdings in Cloudflare by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after acquiring an additional 65 shares in the last quarter. Wexford Capital LP acquired a new position in Cloudflare during the 3rd quarter worth approximately $30,000. Finally, Ameriflex Group Inc. boosted its holdings in shares of Cloudflare by 105.6% in the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock valued at $32,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on NET. Cantor Fitzgerald restated a “neutral” rating and issued a $224.00 target price on shares of Cloudflare in a report on Wednesday, February 11th. Wells Fargo & Company upped their target price on shares of Cloudflare from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Barclays restated an “overweight” rating and issued a $250.00 target price on shares of Cloudflare in a report on Monday. Susquehanna upped their target price on shares of Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, Needham & Company LLC lowered their target price on shares of Cloudflare from $285.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Eighteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $239.08.
Insider Transactions at Cloudflare
In other Cloudflare news, insider Michelle Zatlyn sold 35,080 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $213.98, for a total value of $7,506,418.40. Following the completion of the transaction, the insider directly owned 47,425 shares of the company’s stock, valued at approximately $10,148,001.50. This trade represents a 42.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,384 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $210.02, for a total transaction of $11,001,687.68. 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 ninety days, insiders sold 527,491 shares of company stock valued at $111,729,711. 10.89% of the stock is currently owned by corporate insiders.
Cloudflare Stock Up 1.4%
Shares of Cloudflare stock opened at $269.18 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $276.82. The firm has a fifty day moving average of $212.68 and a two-hundred day moving average of $200.03. The company has a market cap of $95.14 billion, a P/E ratio of -1,076.71 and a beta of 1.70.
Cloudflare (NYSE:NET – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $639.76 million for the quarter, compared to analyst estimates of $620.83 million. During the same period in the prior year, the business posted $0.16 earnings per share. The firm’s revenue for the quarter 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
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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