Cetera Investment Advisers Trims Stock Position in Cloudflare, Inc. $NET

Cetera Investment Advisers cut its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 4.1% in the first quarter, HoldingsChannel reports. The firm owned 79,056 shares of the company’s stock after selling 3,357 shares during the period. Cetera Investment Advisers’ holdings in Cloudflare were worth $16,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in NET. Signature Equity Partners LLC raised its stake in shares of Cloudflare by 22.3% during the 1st quarter. Signature Equity Partners LLC now owns 412 shares of the company’s stock valued at $85,000 after buying an additional 75 shares during the last quarter. CI Investments Inc. boosted its stake in shares of Cloudflare by 122.8% in the first quarter. CI Investments Inc. now owns 231,386 shares of the company’s stock worth $47,744,000 after buying an additional 127,552 shares during the last quarter. Pacific Sun Financial Corp acquired a new stake in Cloudflare during the first quarter worth about $206,000. PNC Financial Services Group Inc. raised its position in Cloudflare by 20.3% during the first quarter. PNC Financial Services Group Inc. now owns 14,281 shares of the company’s stock valued at $2,947,000 after acquiring an additional 2,412 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new position in Cloudflare in the first quarter valued at approximately $1,911,000. 82.68% of the stock is owned by hedge funds and other institutional investors.

Cloudflare Stock Performance

Shares of NET stock opened at $265.06 on Wednesday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $291.00. The business’s 50 day moving average is $246.18 and its two-hundred day moving average is $213.39. The company has a market capitalization of $93.69 billion, a P/E ratio of -1,060.23, a P/E/G ratio of 205.09 and a beta of 1.67.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $639.75 million during the quarter, compared to analysts’ expectations of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The business’s revenue was up 33.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 earnings per share. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Insider Transactions at Cloudflare

In other Cloudflare news, Director Mark J. Hawkins sold 133 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $249.00, for a total transaction of $33,117.00. Following the completion of the transaction, the director directly owned 10,765 shares in the company, valued at approximately $2,680,485. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Graham-Cumming sold 2,520 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $247.28, for a total transaction of $623,145.60. Following the transaction, the director directly owned 494,909 shares in the company, valued at approximately $122,381,097.52. The trade was a 0.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 554,912 shares of company stock worth $125,199,636 in the last ninety days. Company insiders own 10.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NET shares. Sanford C. Bernstein restated a “market perform” rating and issued a $136.00 price objective on shares of Cloudflare in a research report on Wednesday, June 10th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $230.00 target price (up from $224.00) on shares of Cloudflare in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Cloudflare to a “buy” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada reissued an “outperform” rating and set a $290.00 price target on shares of Cloudflare in a report on Thursday, July 16th. Finally, Susquehanna raised their price target on shares of Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $261.19.

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.