Independent Financial Group LLC Makes New Investment in Cloudflare, Inc. $NET

Independent Financial Group LLC bought a new stake in shares of Cloudflare, Inc. (NYSE:NET) in the first quarter, HoldingsChannel reports. The institutional investor bought 16,887 shares of the company’s stock, valued at approximately $3,484,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in NET. Wiser Advisor Group LLC purchased a new position in shares of Cloudflare during the third quarter valued at $26,000. HM Payson & Co. purchased a new stake in Cloudflare in the fourth quarter worth about $25,000. Wexford Capital LP purchased a new stake in Cloudflare in the third quarter worth about $30,000. Brown Brothers Harriman & Co. increased its position in Cloudflare by 55.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after purchasing an additional 56 shares during the period. Finally, Rachor Investment Advisory Services LLC purchased a new position in Cloudflare during the 4th quarter valued at about $35,000. Institutional investors own 82.68% of the company’s stock.

Cloudflare Stock Up 2.0%

NYSE:NET opened at $277.84 on Friday. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $291.00. The stock has a market capitalization of $98.21 billion, a P/E ratio of -1,111.37, a P/E/G ratio of 277.70 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The company’s 50-day simple moving average is $236.36 and its 200-day simple moving average is $209.95.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $639.75 million for the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The company’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous 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. On average, equities analysts anticipate that Cloudflare, Inc. will post 0.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Cloudflare from $220.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 10th. Wells Fargo & Company began coverage on shares of Cloudflare in a research note on Tuesday, July 7th. They issued a “neutral” rating for the company. Raymond James Financial started coverage on Cloudflare in a report on Tuesday, July 7th. They set a “strong-buy” rating for the company. Needham & Company LLC increased their target price on Cloudflare from $250.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, Truist Financial increased their target price on Cloudflare from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $253.41.

Trending Headlines about Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Morgan Stanley raised its price target on Cloudflare from $305 to $322 and reiterated an overweight rating, signaling stronger confidence in the company’s upside. This kind of analyst upgrade can help support the stock. Morgan Stanley price target increase on Cloudflare
• Positive Sentiment: Cloudflare launched Precursor, a new bot-management product designed to detect sophisticated automated attacks in real time. The launch reinforces the company’s cybersecurity and privacy narrative, which is a key driver of investor optimism. Cloudflare launches Precursor
• Positive Sentiment: Recent commentary continues to highlight Cloudflare as a beneficiary of rising demand for cybersecurity and AI infrastructure, and the stock has also been mentioned favorably in momentum-stock and “best cybersecurity stocks” roundups. Cloudflare momentum stock article
• Neutral Sentiment: Other recent articles emphasize Cloudflare’s strong three-year run and rising fair-value estimates, but also note that the shares already trade at a rich valuation. That may limit near-term upside if growth does not keep accelerating. Cloudflare valuation article
• Neutral Sentiment: The stock also got a “gains as market dips” mention, reflecting relative strength versus the broader market rather than a company-specific catalyst. Cloudflare gains as market dips article

Insider Buying and Selling at Cloudflare

In other news, CEO Matthew Prince sold 52,422 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total transaction of $13,057,795.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $213.98, for a total value of $7,506,418.40. Following the completion of the sale, the insider directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 616,185 shares of company stock worth $137,831,055 over the last ninety days. Corporate insiders own 10.66% of the company’s stock.

About Cloudflare

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.