Corient Private Wealth LLC Acquires 1,365,598 Shares of Cloudflare, Inc. $NET

Corient Private Wealth LLC lifted its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 4,042.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,399,378 shares of the company’s stock after acquiring an additional 1,365,598 shares during the quarter. Corient Private Wealth LLC’s holdings in Cloudflare were worth $275,887,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. HM Payson & Co. bought a new position in shares of Cloudflare in the fourth quarter worth $25,000. Wiser Advisor Group LLC purchased a new position in shares of Cloudflare in the third quarter valued at $26,000. Wexford Capital LP bought a new stake in shares of Cloudflare during the 3rd quarter valued at $30,000. Ameriflex Group Inc. raised its stake in shares of Cloudflare by 105.6% during the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock valued at $32,000 after purchasing an additional 76 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its holdings in Cloudflare by 55.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after purchasing an additional 56 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Negative Sentiment: CFO Thomas J. Seifert sold 10,000 shares under a pre-arranged Rule 10b5-1 plan, and director John Graham-Cumming also disclosed a sale. While routine, insider sales can still dampen sentiment. Article Title
• Negative Sentiment: Shareholder advisory group JLens urged investors to withhold votes for two directors, creating a governance overhang ahead of the June 30 annual meeting. Article Title

Cloudflare Trading Down 1.3%

Shares of Cloudflare stock opened at $223.97 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $276.82. The firm has a market cap of $79.17 billion, a PE ratio of -895.88, a PEG ratio of 404.25 and a beta of 1.70. The company has a 50 day simple moving average of $217.46 and a two-hundred day simple moving average of $202.62.

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. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The firm had revenue of $639.75 million during the quarter, compared to analyst estimates of $620.83 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s 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. Analysts expect that Cloudflare, Inc. will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Michelle Zatlyn sold 35,080 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were 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 approximately $10,148,001.50. The trade was a 42.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $210.02, for a total transaction of $11,001,687.68. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 461,477 shares of company stock worth $98,173,864 over the last quarter. Company insiders own 10.66% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NET. Morgan Stanley restated an “overweight” rating and issued a $305.00 target price on shares of Cloudflare in a research note on Thursday, June 4th. Jefferies Financial Group began coverage on shares of Cloudflare in a report on Wednesday, April 15th. They issued a “buy” rating on the stock. BTIG Research raised their price objective on shares of Cloudflare from $243.00 to $269.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Royal Bank Of Canada boosted their price objective on shares of Cloudflare from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. Twenty-one equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and an average target price of $241.35.

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.