Cloudflare, Inc. $NET Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC increased its position in shares of Cloudflare, Inc. (NYSE:NET) by 30.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,938 shares of the company’s stock after acquiring an additional 3,271 shares during the period. Intech Investment Management LLC’s holdings in Cloudflare were worth $2,748,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Physician Wealth Advisors Inc. raised its holdings in Cloudflare by 693.3% during the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after purchasing an additional 104 shares during the last quarter. Wiser Advisor Group LLC acquired a new position in Cloudflare during the third quarter worth $26,000. Westside Investment Management Inc. raised its holdings in Cloudflare by 100.0% during the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after purchasing an additional 65 shares during the last quarter. Wexford Capital LP acquired a new position in Cloudflare during the third quarter worth $30,000. Finally, Ameriflex Group Inc. raised its holdings in Cloudflare by 105.6% during the third quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after purchasing an additional 76 shares during the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Cloudflare Price Performance

NET stock opened at $272.67 on Wednesday. The stock has a 50-day moving average price of $209.52 and a two-hundred day moving average price of $198.92. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $274.63. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The company has a market cap of $96.38 billion, a PE ratio of -1,090.67 and a beta of 1.70.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The firm had revenue of $639.76 million during the quarter, compared to the consensus estimate of $620.83 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The firm’s quarterly revenue 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.

Insider Buying and Selling

In other news, insider Alissa Michelle Starzak sold 16,243 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $216.15, for a total value of $3,510,924.45. Following the completion of the sale, the insider owned 118,395 shares of the company’s stock, valued at $25,591,079.25. This represents a 12.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 10,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $200.61, for a total value of $2,006,100.00. Following the completion of the sale, the chief financial officer directly owned 212,014 shares of the company’s stock, valued at $42,532,128.54. The trade was a 4.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 576,464 shares of company stock valued at $121,021,760. 10.89% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NET shares. Needham & Company LLC reduced their price objective on Cloudflare from $285.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. New Street Research set a $140.00 price objective on Cloudflare in a report on Wednesday, February 11th. Robert W. Baird set a $260.00 price objective on Cloudflare and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research report on Monday, April 20th. Finally, Zacks Research upgraded Cloudflare from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Eighteen equities research 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $236.68.

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.