Proficio Capital Partners LLC Buys Shares of 1,984 Cloudflare, Inc. $NET

Proficio Capital Partners LLC purchased a new position in shares of Cloudflare, Inc. (NYSE:NET) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,984 shares of the company’s stock, valued at approximately $487,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NET. Empowered Funds LLC increased its position in shares of Cloudflare by 34.2% during the first quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock worth $750,000 after buying an additional 1,696 shares during the period. Sivia Capital Partners LLC acquired a new position in Cloudflare in the second quarter valued at $424,000. Cerity Partners LLC boosted its position in Cloudflare by 30.1% during the second quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock valued at $5,391,000 after acquiring an additional 6,363 shares during the last quarter. Sei Investments Co. boosted its position in Cloudflare by 40.1% during the second quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock valued at $64,432,000 after acquiring an additional 94,112 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Cloudflare by 14.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock worth $3,224,000 after acquiring an additional 2,093 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Transactions at Cloudflare

In other news, CFO Thomas J. Seifert sold 10,000 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $307.32, for a total value of $3,073,200.00. Following the completion of the sale, the chief financial officer owned 110,846 shares in the company, valued at $34,065,192.72. This represents a 8.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $277.43, for a total transaction of $9,156,022.29. Following the completion of the sale, the insider owned 69,775 shares of the company’s stock, valued at approximately $19,357,678.25. This represents a 32.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 640,531 shares of company stock worth $168,474,753. 10.66% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NET shares. KeyCorp lifted their price objective on Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Morgan Stanley reaffirmed an “overweight” rating and set a $370.00 target price on shares of Cloudflare in a research note on Friday, August 7th. Robert W. Baird set a $330.00 target price on Cloudflare in a report on Friday, August 7th. Barclays boosted their price target on Cloudflare from $300.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Benchmark downgraded shares of Cloudflare to an “underperform” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Cloudflare has an average rating of “Moderate Buy” and a consensus target price of $320.19.

Cloudflare Stock Down 4.5%

NET stock opened at $272.64 on Thursday. The firm has a market capitalization of $96.37 billion, a PE ratio of -470.07, a P/E/G ratio of 233.38 and a beta of 1.66. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $332.22. The stock’s 50 day moving average is $278.40 and its 200-day moving average is $234.20.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The business had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.Cloudflare’s revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. Sell-side analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

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.