Sigma Planning Corp Acquires 2,216 Shares of Cloudflare, Inc. $NET

Sigma Planning Corp increased its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 55.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,194 shares of the company’s stock after purchasing an additional 2,216 shares during the period. Sigma Planning Corp’s holdings in Cloudflare were worth $2,145,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NET. GK Wealth Management LLC purchased a new position in Cloudflare in the third quarter valued at about $25,000. Cornerstone Financial Management LLC lifted its stake in shares of Cloudflare by 65.3% during the second quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock worth $29,000 after purchasing an additional 47 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Cloudflare during the second quarter worth about $30,000. CX Institutional boosted its position 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 buying an additional 44 shares during the period. Finally, Cape Investment Advisory Inc. purchased a new stake in shares of Cloudflare in the second quarter worth about $33,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC increased their target price on Cloudflare from $280.00 to $380.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Oppenheimer upped their price target on Cloudflare from $380.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, October 9th. TD Cowen upped their price target on Cloudflare from $355.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, October 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $370.00 price objective on shares of Cloudflare in a research report on Friday, August 7th. Finally, Robert W. Baird set a $330.00 price objective on shares of Cloudflare in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cloudflare presently has an average rating of “Moderate Buy” and a consensus price target of $330.59.

Cloudflare Price Performance

NYSE:NET opened at $328.37 on Wednesday. The firm has a 50-day moving average of $320.04 and a two-hundred day moving average of $246.03. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $370.35.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $696.06 million for the quarter, compared to analysts’ expectations of $664.66 million. During the same period in the previous year, the firm posted $0.21 earnings per share. The firm’s revenue was up 35.9% compared to the same quarter last year. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. On average, research analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current year.

Insider Buying and Selling at Cloudflare

In other news, insider Michelle Zatlyn sold 33,003 shares of the stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $348.29, for a total transaction of $11,494,614.87. Following the completion of the transaction, the insider directly owned 69,775 shares in the company, valued at approximately $24,301,934.75. This represents a 32.11% decrease in their position. The transaction was disclosed in a 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, CFO Thomas J. Seifert sold 12,500 shares of the stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $299.59, for a total value of $3,744,875.00. Following the transaction, the chief financial officer owned 104,958 shares of the company’s stock, valued at approximately $31,444,367.22. This trade represents a 10.64% 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 a total of 476,339 shares of company stock worth $143,439,267 in the last 90 days. 10.66% of the stock is owned by corporate insiders.

About Cloudflare

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

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