Patriot Financial Group Insurance Agency LLC Acquires Shares of 3,262 Cloudflare, Inc. $NET

Patriot Financial Group Insurance Agency LLC bought a new stake in Cloudflare, Inc. (NYSE:NET) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,262 shares of the company’s stock, valued at approximately $673,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Pictet Asset Management Holding SA increased its stake in shares of Cloudflare by 17.6% in the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock worth $284,900,000 after buying an additional 206,506 shares during the last quarter. Lewis Asset Management LLC bought a new position in Cloudflare during the 1st quarter valued at $207,000. WT Wealth Management acquired a new position in Cloudflare during the 1st quarter worth $223,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its position in shares of Cloudflare by 17.6% in the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 10,000 shares of the company’s stock worth $2,063,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Aaron Wealth Advisors LLC increased its position in shares of Cloudflare by 17.6% in the 1st quarter. Aaron Wealth Advisors LLC now owns 1,718 shares of the company’s stock worth $354,000 after purchasing an additional 257 shares during the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on NET. Susquehanna increased their price target on shares of Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. The Goldman Sachs Group cut Cloudflare from a “buy” rating to a “sell” rating in a research note on Wednesday, April 15th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $136.00 target price on shares of Cloudflare in a research report on Wednesday, June 10th. Needham & Company LLC upped their price target on Cloudflare from $250.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. Twenty-one research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $241.35.

Cloudflare Trading Up 0.5%

Cloudflare stock opened at $245.09 on Wednesday. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $276.82. 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 firm has a market capitalization of $86.63 billion, a price-to-earnings ratio of -980.34, a PEG ratio of 245.50 and a beta of 1.70. The firm has a 50-day moving average price of $223.87 and a two-hundred day moving average price of $204.07.

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

Insider Transactions at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $224.30, for a total transaction of $11,749,731.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Katrin Suder sold 293 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $252.92, for a total value of $74,105.56. Following the transaction, the director owned 37,430 shares of the company’s stock, valued at $9,466,795.60. This trade represents a 0.78% 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. Insiders sold 566,112 shares of company stock worth $121,310,716 over the last quarter. Insiders own 10.66% of the company’s stock.

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.