Nwam LLC Invests $826,000 in Cloudflare, Inc. $NET

Nwam LLC purchased a new position in shares of Cloudflare, Inc. (NYSE:NET) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 4,003 shares of the company’s stock, valued at approximately $826,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HM Payson & Co. bought a new position in Cloudflare in the 4th quarter valued at $25,000. Wiser Advisor Group LLC bought a new stake in shares of Cloudflare during the third quarter worth $26,000. Wexford Capital LP bought a new stake in shares of Cloudflare during the third quarter worth $30,000. Brown Brothers Harriman & Co. increased its stake in shares of Cloudflare by 55.4% in the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after buying an additional 56 shares in the last quarter. Finally, Rachor Investment Advisory Services LLC bought a new position in shares of Cloudflare in the fourth quarter valued at about $35,000. 82.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NET. New Street Research reiterated a “market outperform” rating on shares of Cloudflare in a research report on Monday, June 15th. Piper Sandler reaffirmed an “overweight” rating on shares of Cloudflare in a research note on Wednesday, June 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $290.00 price target on shares of Cloudflare in a research note on Thursday. Benchmark lowered shares of Cloudflare to an “underperform” rating in a report on Tuesday, July 7th. Finally, Truist Financial boosted their price objective on shares of Cloudflare from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $252.78.

Cloudflare Stock Performance

Shares of NYSE:NET opened at $272.94 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $291.00. The stock has a market capitalization of $96.48 billion, a P/E ratio of -1,091.75, a P/E/G ratio of 278.29 and a beta of 1.67. The business has a 50-day moving average price of $234.74 and a two-hundred day moving average price of $209.47.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $639.75 million during the quarter, compared to analysts’ expectations of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. Cloudflare’s revenue was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the company 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. Equities analysts predict that Cloudflare, Inc. will post 0.02 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Michelle Zatlyn sold 35,080 shares of the stock in a transaction 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 transaction, the insider owned 47,425 shares of the company’s stock, valued at $10,148,001.50. This represents a 42.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,422 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total value of $13,057,795.98. 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 ninety days, insiders sold 616,185 shares of company stock worth $137,831,055. Insiders own 10.66% of the company’s stock.

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.