Kiley Juergens Wealth Management LLC Takes $2.23 Million Position in Cloudflare, Inc. $NET

Kiley Juergens Wealth Management LLC bought a new position in shares of Cloudflare, Inc. (NYSE:NET) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,785 shares of the company’s stock, valued at approximately $2,225,000.

Other hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC lifted its position in Cloudflare by 34.2% during the 1st quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock valued at $750,000 after purchasing an additional 1,696 shares during the period. Sivia Capital Partners LLC acquired a new position in Cloudflare in the second quarter valued at approximately $424,000. Cerity Partners LLC boosted its stake in Cloudflare by 30.1% in 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 stake in Cloudflare by 40.1% in 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 own 82.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NET shares. New Street Research restated a “market outperform” rating on shares of Cloudflare in a research report on Monday, June 15th. Citigroup upgraded Cloudflare from a “market outperform” rating to a “buy” rating in a report on Tuesday. BTIG Research increased their target price on Cloudflare from $243.00 to $269.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Susquehanna raised their target price on Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Scotiabank upgraded Cloudflare from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $225.00 to $300.00 in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $244.23.

Insider Activity at Cloudflare

In other news, CFO Thomas J. Seifert sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $232.39, for a total value of $2,323,900.00. Following the sale, the chief financial officer directly owned 116,733 shares in the company, valued at $27,127,581.87. The trade was a 7.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,383 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $247.28, for a total value of $12,953,268.24. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 671,049 shares of company stock valued at $149,042,468. 10.66% of the stock is owned by insiders.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Scotiabank upgraded Cloudflare to Sector Outperform and raised its price target to $300, highlighting improved analyst confidence in the company’s growth and valuation outlook. Scotiabank Upgrades Cloudflare (NYSE:NET) to Sector Outperform
• Positive Sentiment: Recent coverage continued to frame Cloudflare as a high-growth cybersecurity name, helped by its July 1 announcement of new classifications, enhanced analytics, and commercial partnerships tied to transparent AI companies, which could support future monetization. Is Cloudflare (NET) the Best High Growth Cybersecurity Stock to Buy Now?
• Neutral Sentiment: CEO Matthew Prince disclosed several stock sales, including a July 6 sale of 52,383 shares and a July 2 sale of 33,631 shares. The transactions were made under pre-arranged Rule 10b5-1 plans, which makes them less likely to reflect a change in management’s view of the business. Cloudflare (NYSE:NET) CEO Sells 33,631 Shares

Cloudflare Trading Up 5.3%

Cloudflare stock traded up $13.14 during mid-day trading on Tuesday, hitting $260.69. 1,295,518 shares of the company’s stock were exchanged, compared to its average volume of 4,457,882. The firm has a market capitalization of $92.15 billion, a P/E ratio of -1,044.55, a PEG ratio of 244.14 and a beta of 1.67. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $276.82. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The company’s 50 day simple moving average is $226.93 and its 200-day simple moving average is $205.29.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The firm had revenue of $639.75 million during the quarter, compared to analysts’ expectations of $620.83 million. During the same period in the previous year, the firm earned $0.16 earnings per share. The company’s revenue was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, equities analysts anticipate that Cloudflare, Inc. will post 0.02 earnings per share for the current year.

Cloudflare 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.