Cloudflare, Inc. $NET Shares Acquired by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC grew its position in shares of Cloudflare, Inc. (NYSE:NET) by 219.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 4,776 shares of the company’s stock after buying an additional 3,283 shares during the period. Gateway Wealth Partners LLC’s holdings in Cloudflare were worth $985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Wiser Advisor Group LLC acquired a new stake in Cloudflare during the third quarter valued at $26,000. HM Payson & Co. acquired a new position in shares of Cloudflare in the fourth quarter worth about $25,000. Wexford Capital LP acquired a new position in shares of Cloudflare in the third quarter worth about $30,000. Brown Brothers Harriman & Co. raised its position in shares of Cloudflare by 55.4% in the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after acquiring an additional 56 shares during the period. Finally, Rachor Investment Advisory Services LLC purchased a new stake in shares of Cloudflare during the 4th quarter worth about $35,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cloudflare

In other news, CEO Matthew Prince sold 52,422 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of Cloudflare 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 sale, the insider directly owned 47,425 shares in the company, valued at $10,148,001.50. This represents a 42.52% 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. In the last 90 days, insiders sold 554,912 shares of company stock worth $125,199,636. Company insiders own 10.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NET shares. Guggenheim restated a “sell” rating and set a $140.00 target price on shares of Cloudflare in a research report on Wednesday, June 10th. Citigroup reiterated a “market outperform” rating on shares of Cloudflare in a research report on Monday, July 20th. Scotiabank raised Cloudflare from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $225.00 to $300.00 in a report on Tuesday, July 7th. Barclays boosted their price objective on Cloudflare from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Finally, Raymond James Financial initiated coverage on Cloudflare in a research note on Tuesday, July 7th. They set a “strong-buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $261.19.

Cloudflare Stock Up 2.5%

NET stock opened at $270.58 on Thursday. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $291.00. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The firm has a 50-day simple moving average of $247.39 and a 200-day simple moving average of $213.98. The stock has a market capitalization of $95.64 billion, a P/E ratio of -1,082.32, a P/E/G ratio of 203.92 and a beta of 1.67.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. During the same period last year, the company posted $0.16 EPS. Cloudflare’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. Equities analysts forecast that Cloudflare, Inc. will post 0.03 earnings per share 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.