HighTower Advisors LLC Increases Stake in Cloudflare, Inc. $NET

HighTower Advisors LLC lifted its stake in Cloudflare, Inc. (NYSE:NET) by 35.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 126,579 shares of the company’s stock after buying an additional 33,398 shares during the quarter. HighTower Advisors LLC’s holdings in Cloudflare were worth $31,047,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NET. C M Bidwell & Associates Ltd. purchased a new position in Cloudflare during the second quarter valued at $30,000. Wiser Advisor Group LLC bought a new position in shares of Cloudflare during the 3rd quarter valued at about $26,000. HM Payson & Co. purchased a new position in shares of Cloudflare during the fourth quarter valued at about $25,000. CX Institutional increased its holdings in shares of Cloudflare by 49.4% in the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 44 shares during the last quarter. Finally, Cape Investment Advisory Inc. bought a new stake in shares of Cloudflare in the second quarter worth about $33,000. Institutional investors own 82.68% of the company’s stock.

Analyst Ratings Changes

NET has been the subject of a number of research reports. Cantor Fitzgerald reissued a “neutral” rating and set a $250.00 price target on shares of Cloudflare in a research note on Monday, August 3rd. Royal Bank Of Canada upped their price objective on Cloudflare from $290.00 to $346.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Raymond James Financial began coverage on Cloudflare in a research report on Tuesday, July 7th. They set a “strong-buy” rating for the company. Piper Sandler raised their target price on shares of Cloudflare from $250.00 to $333.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, KeyCorp boosted their price target on shares of Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.19.

Insider Buying and Selling

In other news, CAO Janel Riley sold 3,481 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $305.26, for a total value of $1,062,610.06. Following the completion of the sale, the chief accounting officer owned 41,547 shares in the company, valued at approximately $12,682,637.22. This trade represents a 7.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Graham-Cumming sold 2,520 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $303.97, for a total transaction of $766,004.40. Following the completion of the sale, the director directly owned 494,909 shares in the company, valued at $150,437,488.73. This trade represents a 0.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 706,244 shares of company stock valued at $186,761,866 over the last 90 days. 10.66% of the stock is currently owned by insiders.

Cloudflare Trading Up 2.0%

Shares of NET stock opened at $284.53 on Wednesday. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $332.22. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. The stock’s 50 day simple moving average is $281.89 and its two-hundred day simple moving average is $236.66. The company has a market cap of $100.57 billion, a PE ratio of -490.57, a price-to-earnings-growth ratio of 228.00 and a beta of 1.66.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The company’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Research analysts predict that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Cloudflare Profile

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

The company’s offerings include content delivery and domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.