Union Bancaire Privee UBP SA Has $11.44 Million Holdings in Cloudflare, Inc. $NET

Union Bancaire Privee UBP SA decreased its holdings in Cloudflare, Inc. (NYSE:NET) by 33.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,451 shares of the company’s stock after selling 28,190 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Cloudflare were worth $11,442,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NET. Lewis Asset Management LLC bought a new stake in Cloudflare during the 1st quarter worth approximately $207,000. WT Wealth Management bought a new position in shares of Cloudflare in the first quarter valued at approximately $223,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its position in shares of Cloudflare by 17.6% during the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 10,000 shares of the company’s stock valued at $2,063,000 after buying an additional 1,500 shares during the last quarter. Aaron Wealth Advisors LLC grew its holdings in Cloudflare by 17.6% during the first quarter. Aaron Wealth Advisors LLC now owns 1,718 shares of the company’s stock worth $354,000 after buying an additional 257 shares in the last quarter. Finally, Silver Oak Securities Incorporated grew its holdings in Cloudflare by 22.9% during the first quarter. Silver Oak Securities Incorporated now owns 1,340 shares of the company’s stock worth $276,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Truist Financial raised their price objective on Cloudflare from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. The Goldman Sachs Group downgraded shares of Cloudflare from a “buy” rating to a “sell” rating in a report on Wednesday, April 15th. Cantor Fitzgerald restated a “neutral” rating and set a $230.00 price target (up from $224.00) on shares of Cloudflare in a report on Wednesday, June 10th. New Street Research reaffirmed a “market outperform” rating on shares of Cloudflare in a research report on Monday, June 15th. Finally, Jefferies Financial Group began coverage on shares of Cloudflare in a research report on Wednesday, April 15th. They issued a “buy” rating for the company. Twenty-one equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Cloudflare currently has an average rating of “Moderate Buy” and an average target price of $241.35.

Cloudflare Stock Up 4.6%

NET opened at $237.06 on Friday. 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 stock has a market cap of $83.79 billion, a price-to-earnings ratio of -948.24, a PEG ratio of 228.27 and a beta of 1.70. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $276.82. The company’s 50-day moving average price is $222.06 and its two-hundred day moving average price is $203.62.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $639.75 million during the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. Cloudflare’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter last year, the business posted $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. As a group, equities analysts expect that Cloudflare, Inc. will post 0.02 earnings per share for the current year.

Insiders Place Their Bets

In other Cloudflare news, insider Michelle Zatlyn sold 25,641 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $219.11, for a total value of $5,618,199.51. Following the sale, the insider directly owned 47,425 shares in the company, valued at $10,391,291.75. The trade was a 35.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $232.39, for a total value of $2,323,900.00. Following the transaction, the chief financial officer directly owned 116,733 shares in the company, valued at $27,127,581.87. This represents a 7.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 566,245 shares of company stock valued at $121,338,593. Company insiders own 10.66% of the company’s stock.

About Cloudflare

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.