3,402 Shares of Cloudflare, Inc. $NET Bought by Boyce & Associates Wealth Consulting Inc.

Boyce & Associates Wealth Consulting Inc. purchased a new position in shares of Cloudflare, Inc. (NYSE:NET) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,402 shares of the company’s stock, valued at approximately $1,181,000.

Several other hedge funds have also recently modified their holdings of the stock. Jennison Associates LLC raised its position in shares of Cloudflare by 135.8% in the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after purchasing an additional 2,530,872 shares during the last quarter. Corient Private Wealth LLC grew its position in Cloudflare by 4,042.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock worth $275,887,000 after purchasing an additional 1,365,598 shares during the last quarter. Swedbank AB increased its stake in Cloudflare by 697.5% during the 1st quarter. Swedbank AB now owns 927,606 shares of the company’s stock valued at $191,402,000 after purchasing an additional 811,297 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Cloudflare during the 2nd quarter valued at approximately $75,595,000. Finally, USS Investment Management Ltd increased its stake in Cloudflare by 452.3% during the 1st quarter. USS Investment Management Ltd now owns 296,322 shares of the company’s stock valued at $61,156,000 after purchasing an additional 242,668 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NET shares. Jefferies Financial Group set a $350.00 price target on shares of Cloudflare in a report on Friday, August 7th. UBS Group boosted their price objective on shares of Cloudflare from $250.00 to $350.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Susquehanna upped their target price on Cloudflare from $200.00 to $300.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Wall Street Zen lowered Cloudflare from a “buy” rating to a “hold” rating in a research note on Sunday, September 6th. Finally, KeyCorp lifted their price target on 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 given a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.59.

Insider Activity at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 55,000 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the sale, the chief financial officer directly owned 113,790 shares of the company’s stock, valued at approximately $34,171,137. This trade represents a 32.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $294.63, for a total value of $9,723,673.89. Following the transaction, the insider owned 69,775 shares of the company’s stock, valued at $20,557,808.25. The trade was a 32.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 458,839 shares of company stock worth $138,172,392 over the last three months. Company insiders own 10.66% of the company’s stock.

Cloudflare Stock Performance

NET opened at $348.38 on Wednesday. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $370.35. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $123.14 billion, a PE ratio of -600.66, a P/E/G ratio of 279.06 and a beta of 1.65. The firm has a 50 day moving average of $318.34 and a two-hundred day moving average of $262.18.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The business had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The business’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current year.

About Cloudflare

Cloudflare, Inc is a connectivity cloud company that provides services designed to help organizations make their websites, applications and networks more secure, reliable and faster. Its global network sits between users and the services they access, supporting content delivery, domain name system services, traffic optimization and protection against distributed denial-of-service attacks and other online threats.

The company offers a range of application and network security products, including web application firewalls, bot management, application programming interface protection, zero-trust security and secure access services.