Elevation Point Wealth Partners LLC Purchases 25,749 Shares of Cloudflare, Inc. $NET

Elevation Point Wealth Partners LLC raised its position in shares of Cloudflare, Inc. (NYSE:NET) by 2,074.9% during the 1st quarter, Holdings Channel reports. The fund owned 26,990 shares of the company’s stock after purchasing an additional 25,749 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Cloudflare were worth $5,569,000 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. Jamison Private Wealth Management Inc. grew its stake in Cloudflare by 2.6% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 2,064 shares of the company’s stock valued at $426,000 after buying an additional 52 shares during the last quarter. IMA Advisory Services Inc. lifted its position in Cloudflare by 4.5% during the 4th quarter. IMA Advisory Services Inc. now owns 1,290 shares of the company’s stock worth $254,000 after acquiring an additional 55 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position 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 acquiring an additional 56 shares during the last quarter. Silver Oak Securities Incorporated boosted its holdings in Cloudflare by 5.5% during the fourth quarter. Silver Oak Securities Incorporated now owns 1,090 shares of the company’s stock valued at $218,000 after acquiring an additional 57 shares during the period. Finally, Certuity LLC boosted its holdings in Cloudflare by 1.8% during the fourth quarter. Certuity LLC now owns 3,156 shares of the company’s stock valued at $622,000 after acquiring an additional 57 shares during the period. 82.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 35,080 shares of the business’s stock in a transaction 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 sale, the insider owned 47,425 shares of the company’s stock, valued at $10,148,001.50. The trade was a 42.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,384 shares of the 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. 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 ninety days, insiders sold 566,245 shares of company stock valued at $121,343,833. 10.66% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on NET. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research note on Monday, April 20th. Morgan Stanley restated an “overweight” rating and set a $305.00 target price on shares of Cloudflare in a research note on Thursday, June 4th. Guggenheim reaffirmed a “sell” rating and issued a $140.00 target price on shares of Cloudflare in a report on Wednesday, June 10th. Zacks Research raised Cloudflare from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Finally, Stifel Nicolaus set a $260.00 price target on Cloudflare in a research report on Friday, May 8th. Twenty-one analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $241.35.

Cloudflare Trading Down 0.1%

Cloudflare stock opened at $242.14 on Friday. The business has a 50 day moving average price of $226.09 and a two-hundred day moving average price of $204.88. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $276.82. The stock has a market cap of $85.59 billion, a price-to-earnings ratio of -968.56, a price-to-earnings-growth ratio of 244.14 and a beta of 1.67.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping 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 return on equity of 5.65% and a negative net margin of 3.72%.Cloudflare’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 EPS. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. As a group, equities analysts forecast that Cloudflare, Inc. will post 0.02 EPS for the current 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.