Proficio Capital Partners LLC Makes New Investment in Cloudflare, Inc. $NET

Proficio Capital Partners LLC acquired a new stake in Cloudflare, Inc. (NYSE:NET) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,984 shares of the company’s stock, valued at approximately $487,000.

A number of other institutional investors have also recently modified their holdings of NET. Geode Capital Management LLC lifted its position in Cloudflare by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock worth $1,184,044,000 after purchasing an additional 241,981 shares during the period. Jennison Associates LLC increased its holdings in Cloudflare by 135.8% in the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after buying an additional 2,530,872 shares during the period. First Trust Advisors LP increased its holdings in Cloudflare by 1.6% in the 4th quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock valued at $792,377,000 after buying an additional 63,198 shares during the period. Invesco Ltd. lifted its holdings in shares of Cloudflare by 1.3% during the 3rd quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock worth $850,792,000 after acquiring an additional 49,485 shares during the period. Finally, Norges Bank bought a new stake in shares of Cloudflare during the 4th quarter worth approximately $718,316,000. 82.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NET has been the topic of a number of recent analyst reports. New Street Research reissued a “market outperform” rating on shares of Cloudflare in a research note on Monday, June 15th. Royal Bank Of Canada raised their target price on Cloudflare from $290.00 to $346.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Robert W. Baird set a $330.00 price target on Cloudflare in a research note on Friday, August 7th. Stifel Nicolaus set a $260.00 price target on Cloudflare in a report on Friday, May 8th. Finally, DZ Bank downgraded Cloudflare from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $320.19.

Insider Activity at Cloudflare

In related news, insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $294.63, for a total transaction of $9,723,673.89. Following the sale, the insider directly owned 69,775 shares in the company, valued at $20,557,808.25. This trade represents a 32.11% decrease in their position. The transaction 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 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the sale, the chief financial officer directly owned 113,790 shares in the company, valued at $34,171,137. The trade was a 32.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 640,531 shares of company stock worth $168,474,753 in the last quarter. 10.66% of the stock is owned by insiders.

Cloudflare Trading Down 4.5%

NYSE NET opened at $272.64 on Thursday. The company has a market cap of $96.37 billion, a price-to-earnings ratio of -470.07, a price-to-earnings-growth ratio of 233.38 and a beta of 1.66. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $332.22. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. The business’s fifty day moving average is $278.40 and its 200 day moving average is $234.20.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The firm had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. As a group, sell-side analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Cloudflare Company 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.