3,262 Shares in Cloudflare, Inc. $NET Purchased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC purchased a new position in Cloudflare, Inc. (NYSE:NET) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,262 shares of the company’s stock, valued at approximately $673,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NET. HM Payson & Co. purchased a new position in shares of Cloudflare during the 4th quarter worth about $25,000. Wiser Advisor Group LLC acquired a new stake in shares of Cloudflare in the third quarter worth approximately $26,000. Wexford Capital LP purchased a new stake in Cloudflare in the third quarter valued at approximately $30,000. Ameriflex Group Inc. grew its holdings in Cloudflare by 105.6% in the third 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. increased its position in Cloudflare by 55.4% during the third 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. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Price Performance

Cloudflare stock opened at $245.09 on Wednesday. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $276.82. The firm has a fifty day moving average of $223.87 and a 200-day moving average of $204.07. The firm has a market capitalization of $86.63 billion, a P/E ratio of -980.34, a PEG ratio of 245.50 and a beta of 1.70. 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 (NYSE:NET) last posted its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share 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 business had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. During the same quarter in the previous year, the business posted $0.16 EPS. The business’s quarterly revenue was up 33.5% on a year-over-year basis. 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, analysts predict that Cloudflare, Inc. will post 0.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NET. KeyCorp reaffirmed an “overweight” rating on shares of Cloudflare in a research note on Wednesday, June 10th. The Goldman Sachs Group cut shares of Cloudflare from a “buy” rating to a “sell” rating in a research note on Wednesday, April 15th. New Street Research restated a “market outperform” rating on shares of Cloudflare in a report on Monday, June 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research report on Monday, April 20th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $136.00 target price on shares of Cloudflare in a report on Wednesday, June 10th. Twenty-one research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $241.35.

Insider Transactions at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 35,080 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was 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 owned 47,425 shares in the company, valued at $10,148,001.50. This represents a 42.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 566,112 shares of company stock worth $121,310,716. 10.66% of the stock is currently owned by insiders.

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.