Leelyn Smith LLC Purchases New Shares in Cloudflare, Inc. $NET

Posted by on Jul 4th, 2026

Leelyn Smith LLC acquired a new stake in Cloudflare, Inc. (NYSE:NET – Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,980 shares of the company’s stock, valued at approximately $1,234,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wiser Advisor Group LLC acquired a new position in shares of Cloudflare in the third quarter valued at about $26,000. HM Payson & Co. acquired a new stake in Cloudflare in the 4th quarter worth about $25,000. Wexford Capital LP acquired a new stake in Cloudflare in the 3rd quarter worth about $30,000. Ameriflex Group Inc. boosted its holdings in 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 purchasing an additional 76 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its holdings in Cloudflare by 55.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after purchasing an additional 56 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Trading Down 0.1%

Shares of Cloudflare stock opened at $242.14 on Friday. The company has a market capitalization of $85.59 billion, a price-to-earnings ratio of -968.56, a PEG ratio of 244.14 and a beta of 1.67. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $276.82. The firm’s 50-day moving average price is $226.09 and its two-hundred day moving average price is $204.88.

Cloudflare (NYSE:NET – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating 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 $639.75 million during the quarter, compared to analysts’ expectations of $620.83 million. During the same period in the previous year, the company earned $0.16 EPS. The business’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. On average, analysts forecast that Cloudflare, Inc. will post 0.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $210.02, for a total transaction of $11,001,687.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of the firm’s stock in a transaction on 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 sale, the insider directly owned 47,425 shares in the company, valued at approximately $10,148,001.50. This represents a 42.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 566,245 shares of company stock worth $121,343,833 over the last three months. 10.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on NET shares. TD Cowen reaffirmed a “buy” rating on shares of Cloudflare in a report on Wednesday, June 10th. Mizuho lifted their price target on shares of Cloudflare from $235.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Needham & Company LLC boosted their price target on Cloudflare from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Citizens Jmp reissued a “market outperform” rating and set a $270.00 price target on shares of Cloudflare in a research report on Monday, June 15th. Finally, New Street Research restated a “market outperform” rating on shares of Cloudflare in a research note on Monday, June 15th. Twenty-one research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Cloudflare has a consensus rating of “Moderate Buy” and a consensus target price of $241.35.

View Our Latest Analysis on Cloudflare

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.

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Institutional Ownership by Quarter for Cloudflare (NYSE:NET)

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