Cloudflare, Inc. $NET Shares Bought by Meridian Wealth Management LLC

Meridian Wealth Management LLC grew its position in shares of Cloudflare, Inc. (NYSE:NET) by 188.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 19,561 shares of the company’s stock after acquiring an additional 12,775 shares during the period. Meridian Wealth Management LLC’s holdings in Cloudflare were worth $3,856,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NET. Jennison Associates LLC increased its stake in Cloudflare by 802.6% during the fourth quarter. Jennison Associates LLC now owns 1,863,612 shares of the company’s stock worth $367,411,000 after acquiring an additional 1,657,144 shares during the last quarter. Groupama Asset Managment increased its stake in Cloudflare by 82.6% during the third quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock worth $450,639,000 after acquiring an additional 950,000 shares during the last quarter. Vanguard Group Inc. increased its stake in Cloudflare by 2.6% during the third quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company’s stock worth $6,934,958,000 after acquiring an additional 821,684 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in Cloudflare during the third quarter worth about $138,660,000. Finally, Massachusetts Financial Services Co. MA increased its stake in Cloudflare by 96.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,302,893 shares of the company’s stock worth $279,588,000 after acquiring an additional 639,245 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NET shares. Scotiabank decreased their target price on Cloudflare from $255.00 to $225.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 11th. UBS Group reaffirmed a “neutral” rating and issued a $220.00 target price on shares of Cloudflare in a research report on Wednesday, February 11th. Needham & Company LLC decreased their target price on Cloudflare from $285.00 to $250.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Robert W. Baird set a $260.00 target price on Cloudflare and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Finally, Stifel Nicolaus set a $260.00 target price on Cloudflare in a research report on Friday. Eighteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $236.68.

Insider Activity at Cloudflare

In related news, CFO Thomas J. Seifert sold 41,557 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $185.04, for a total value of $7,689,707.28. Following the completion of the transaction, the chief financial officer owned 85,452 shares of the company’s stock, valued at approximately $15,812,038.08. This represents a 32.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Matthew Prince sold 52,384 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $209.08, for a total value of $10,952,446.72. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 636,246 shares of company stock valued at $125,320,379. Insiders own 10.89% of the company’s stock.

Cloudflare Price Performance

Shares of NYSE NET opened at $187.23 on Wednesday. The company has a market capitalization of $65.90 billion, a price-to-earnings ratio of -748.92 and a beta of 1.67. Cloudflare, Inc. has a 1-year low of $143.00 and a 1-year high of $260.00. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.98. The business has a 50-day moving average of $206.07 and a 200-day moving average of $200.42.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $639.76 million during the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.Cloudflare’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 earnings per share. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, equities analysts anticipate that Cloudflare, Inc. will post -0.1 EPS for the current fiscal year.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare reported Q1 revenue of $639.8 million, up 33.5% year over year and above Wall Street expectations, while non-GAAP EPS of $0.25 also beat estimates. Management also guided next quarter revenue near $664.5 million, which was close to analyst forecasts. NET Q1 Deep Dive: AI-Driven Growth Fuels Restructuring Amidst Market Caution
• Positive Sentiment: Susquehanna raised its price target on Cloudflare to $200 from $190 after the earnings beat, signaling that at least some analysts see more upside despite the recent pullback. Cloudflare Just Hit the AI-First Reset Button: Susquehanna Hikes Price Target to $200
• Neutral Sentiment: Cloudflare remains a heavily discussed stock, with multiple articles focusing on analyst ratings and investor interest rather than new fundamental developments. Cloudflare, Inc. (NET) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Wall Street analyst coverage remains favorable on average, but the coverage itself appears to be the subject of debate rather than a fresh catalyst for the stock. Wall Street Analysts Think Cloudflare (NET) Is a Good Investment: Is It?
• Negative Sentiment: Investor sentiment has been weighed down by reports of a major restructuring and roughly 20% job cuts, with executives tying the changes to an AI-first operating model. Cloudflare stock plunges amid 20% job cuts. Executives are blaming AI

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.