Cloudflare, Inc. $NET Stock: Sigma Planning Corp Raises Position

Sigma Planning Corp lifted its position in shares of Cloudflare, Inc. (NYSE:NET) by 55.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,194 shares of the company’s stock after buying an additional 2,216 shares during the quarter. Sigma Planning Corp’s holdings in Cloudflare were worth $2,145,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. GK Wealth Management LLC acquired a new stake in Cloudflare during the third quarter worth approximately $25,000. Toth Financial Advisory Corp purchased a new stake in Cloudflare in the 3rd quarter worth approximately $36,000. Cornerstone Financial Management LLC raised its holdings in Cloudflare by 65.3% in the 2nd quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock valued at $29,000 after acquiring an additional 47 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Cloudflare in the 2nd quarter valued at $30,000. Finally, CX Institutional raised its holdings in Cloudflare by 49.4% in the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 44 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group restated a “buy” rating and set a $389.00 price objective on shares of Cloudflare in a report on Friday, August 7th. Robert W. Baird set a $330.00 target price on Cloudflare in a research note on Friday, August 7th. Truist Financial increased their target price on Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. DZ Bank downgraded Cloudflare from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, August 7th. Finally, UBS Group raised their price target on Cloudflare from $250.00 to $350.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Cloudflare has an average rating of “Moderate Buy” and a consensus price target of $330.59.

Cloudflare Trading Down 1.1%

Shares of NET opened at $328.37 on Wednesday. The company’s fifty day moving average is $320.04 and its two-hundred day moving average is $246.03. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $370.35.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $696.06 million for the quarter, compared to analysts’ expectations of $664.66 million. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the firm 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, equities analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling at Cloudflare

In other news, CFO Thomas J. Seifert sold 12,500 shares of Cloudflare stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $299.59, for a total value of $3,744,875.00. Following the transaction, the chief financial officer directly owned 104,958 shares of the company’s stock, valued at $31,444,367.22. The trade was a 10.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of the business’s stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $348.29, for a total value of $11,494,614.87. Following the sale, the insider owned 69,775 shares of the company’s stock, valued at $24,301,934.75. The trade was a 32.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 476,339 shares of company stock valued at $143,439,267. Company insiders own 10.66% of the company’s stock.

Cloudflare Company Profile

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

The company’s offerings include content delivery and authoritative domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.