Sanctuary Advisors LLC Cuts Position in Cloudflare, Inc. $NET

Sanctuary Advisors LLC decreased its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 9.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,212 shares of the company’s stock after selling 3,352 shares during the period. Sanctuary Advisors LLC’s holdings in Cloudflare were worth $6,647,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NET. Vanguard Group Inc. grew its stake in shares of Cloudflare by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock worth $6,389,167,000 after buying an additional 90,397 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Cloudflare by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock worth $1,184,044,000 after acquiring an additional 241,981 shares in the last quarter. First Trust Advisors LP boosted its holdings in Cloudflare by 1.6% in the fourth quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock worth $792,377,000 after acquiring an additional 63,198 shares in the last quarter. Invesco Ltd. boosted its holdings in Cloudflare by 1.3% in the third 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 in the last quarter. Finally, Norges Bank purchased a new stake in shares of Cloudflare in the fourth quarter worth $718,316,000. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Cloudflare Price Performance

NYSE NET opened at $277.84 on Friday. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $291.00. The stock has a 50-day moving average of $236.36 and a 200 day moving average of $209.95. The company has a market capitalization of $98.21 billion, a price-to-earnings ratio of -1,111.37, a PEG ratio of 283.00 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $639.75 million for 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%. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the business 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. On average, sell-side analysts forecast that Cloudflare, Inc. will post 0.02 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NET shares. Royal Bank Of Canada restated an “outperform” rating and set a $290.00 price target on shares of Cloudflare in a report on Thursday. Wells Fargo & Company initiated coverage on shares of Cloudflare in a research report on Tuesday, July 7th. They set a “neutral” rating on the stock. Mizuho increased their price objective on shares of Cloudflare from $260.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday. Stifel Nicolaus set a $260.00 price objective on shares of Cloudflare in a research note on Friday, May 8th. Finally, TD Cowen upped their target price on shares of Cloudflare from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and a consensus target price of $253.41.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Morgan Stanley raised its price target on Cloudflare from $305 to $322 and reiterated an overweight rating, signaling stronger confidence in the company’s upside. This kind of analyst upgrade can help support the stock. Morgan Stanley price target increase on Cloudflare
• Positive Sentiment: Cloudflare launched Precursor, a new bot-management product designed to detect sophisticated automated attacks in real time. The launch reinforces the company’s cybersecurity and privacy narrative, which is a key driver of investor optimism. Cloudflare launches Precursor
• Positive Sentiment: Recent commentary continues to highlight Cloudflare as a beneficiary of rising demand for cybersecurity and AI infrastructure, and the stock has also been mentioned favorably in momentum-stock and “best cybersecurity stocks” roundups. Cloudflare momentum stock article
• Neutral Sentiment: Other recent articles emphasize Cloudflare’s strong three-year run and rising fair-value estimates, but also note that the shares already trade at a rich valuation. That may limit near-term upside if growth does not keep accelerating. Cloudflare valuation article
• Neutral Sentiment: The stock also got a “gains as market dips” mention, reflecting relative strength versus the broader market rather than a company-specific catalyst. Cloudflare gains as market dips article

Insider Buying and Selling at Cloudflare

In other news, insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $219.11, for a total transaction of $5,618,199.51. Following the transaction, the insider directly owned 47,425 shares of the company’s stock, valued at $10,391,291.75. This represents a 35.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,383 shares of Cloudflare stock in a transaction on Monday, July 6th. The stock was sold at an average price of $247.28, for a total value of $12,953,268.24. 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 616,185 shares of company stock worth $137,831,055. 10.66% of the stock is owned by corporate insiders.

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.