Sigma Planning Corp Purchases 2,131 Shares of Cloudflare, Inc. $NET

Sigma Planning Corp grew its position in shares of Cloudflare, Inc. (NYSE:NET) by 115.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,978 shares of the company’s stock after purchasing an additional 2,131 shares during the period. Sigma Planning Corp’s holdings in Cloudflare were worth $976,000 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 the company. HM Payson & Co. bought a new position in shares of Cloudflare during the 4th quarter valued at about $25,000. Wiser Advisor Group LLC bought a new position in shares of Cloudflare during the third quarter valued at about $26,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Cloudflare in the 2nd quarter worth approximately $30,000. Wexford Capital LP purchased a new stake in shares of Cloudflare in the 3rd quarter worth about $30,000. Finally, CX Institutional boosted its position in shares of Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 44 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cloudflare

In other news, CFO Thomas J. Seifert sold 55,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total value of $16,516,500.00. Following the transaction, the chief financial officer directly owned 113,790 shares in the company, valued at $34,171,137. The trade was a 32.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,422 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total value of $13,057,795.98. 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. In the last quarter, insiders have sold 640,531 shares of company stock worth $168,474,753. 10.66% of the stock is owned by corporate insiders.

Cloudflare Stock Down 6.4%

NET stock opened at $285.68 on Wednesday. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $332.22. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. The stock has a market cap of $100.98 billion, a P/E ratio of -492.55, a PEG ratio of 187.36 and a beta of 1.65. The business’s 50-day moving average price is $277.40 and its 200-day moving average price is $233.59.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $696.06 million during the quarter, compared to analyst estimates of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $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, equities research analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NET. Guggenheim raised their price target on Cloudflare from $140.00 to $160.00 and gave the company a “sell” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft raised Cloudflare to a “buy” rating in a research report on Tuesday, July 7th. Scotiabank lifted their price objective on Cloudflare from $300.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Truist Financial boosted their target price on Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, UBS Group upped their target price on shares of Cloudflare from $250.00 to $350.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. One research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $320.19.

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.