Cloudflare, Inc. $NET Shares Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC grew its position in shares of Cloudflare, Inc. (NYSE:NET) by 33.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,044 shares of the company’s stock after purchasing an additional 8,075 shares during the period. Foundations Investment Advisors LLC’s holdings in Cloudflare were worth $6,317,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Frank Rimerman Advisors LLC boosted its stake in shares of Cloudflare by 1.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 2,821 shares of the company’s stock worth $605,000 after purchasing an additional 51 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of 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 purchasing an additional 56 shares during the last quarter. Silver Oak Securities Incorporated boosted its stake in shares of Cloudflare by 5.5% during the 4th quarter. Silver Oak Securities Incorporated now owns 1,090 shares of the company’s stock worth $218,000 after purchasing an additional 57 shares during the last quarter. Certuity LLC boosted its stake in shares of Cloudflare by 1.8% during the 4th quarter. Certuity LLC now owns 3,156 shares of the company’s stock worth $622,000 after purchasing an additional 57 shares during the last quarter. Finally, Rothschild Investment LLC boosted its stake in shares of Cloudflare by 37.4% during the 3rd quarter. Rothschild Investment LLC now owns 224 shares of the company’s stock worth $48,000 after purchasing an additional 61 shares during the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cloudflare

In related news, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $209.08, for a total value of $10,952,446.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michelle Zatlyn sold 35,080 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the completion of the transaction, the insider owned 47,425 shares in the company, valued at $10,148,001.50. The trade was a 42.52% 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 585,862 shares of company stock worth $121,988,011 in the last 90 days. 10.89% of the stock is currently owned by insiders.

Cloudflare Price Performance

NET opened at $227.98 on Friday. The company’s 50 day simple moving average is $208.24 and its 200 day simple moving average is $198.67. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $260.00. The stock has a market capitalization of $80.58 billion, a PE ratio of -911.92 and a beta of 1.67.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm had revenue of $639.76 million for the quarter, compared to analyst estimates of $620.83 million. During the same quarter last year, the firm posted $0.16 earnings per share. Cloudflare’s revenue for the quarter was up 33.5% compared to the same quarter last year. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.

Analyst Ratings Changes

Several research firms have issued reports on NET. Guggenheim raised their price target on shares of Cloudflare from $117.00 to $140.00 and gave the stock a “sell” rating in a research note on Wednesday, February 11th. Wells Fargo & Company raised their target price on shares of Cloudflare from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. The Goldman Sachs Group cut shares of Cloudflare from a “buy” rating to a “sell” rating in a research report on Wednesday, April 15th. KeyCorp cut shares of Cloudflare from an “overweight” rating to a “hold” rating in a research report on Wednesday, April 15th. Finally, Susquehanna raised their target price on shares of Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Eighteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $236.68.

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.