Williamson Legacy Group LLC Boosts Stake in Cloudflare, Inc. $NET

Williamson Legacy Group LLC increased its stake in shares of Cloudflare, Inc. (NYSE:NET) by 40.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,021 shares of the company’s stock after buying an additional 2,881 shares during the period. Cloudflare accounts for approximately 1.5% of Williamson Legacy Group LLC’s portfolio, making the stock its 24th largest holding. Williamson Legacy Group LLC’s holdings in Cloudflare were worth $1,976,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Physician Wealth Advisors Inc. grew its stake in shares of Cloudflare by 693.3% in the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after buying an additional 104 shares in the last quarter. Wiser Advisor Group LLC acquired a new stake in shares of Cloudflare in the third quarter valued at $26,000. Westside Investment Management Inc. grew its stake in shares of Cloudflare by 100.0% in the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after buying an additional 65 shares in the last quarter. Wexford Capital LP acquired a new stake in shares of Cloudflare in the third quarter valued at $30,000. Finally, Cloud Capital Management LLC acquired a new stake in shares of Cloudflare in the third quarter valued at $31,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

NET has been the subject of a number of research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $250.00 price objective (up from $222.00) on shares of Cloudflare in a research note on Friday, May 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $224.00 price objective on shares of Cloudflare in a research note on Wednesday, February 11th. Wells Fargo & Company lifted their price objective on Cloudflare from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. TD Cowen reaffirmed a “buy” rating on shares of Cloudflare in a research note on Tuesday, January 27th. Finally, Susquehanna lifted their price objective on Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Eighteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $236.68.

Insider Buying and Selling at Cloudflare

In related news, insider Michelle Zatlyn sold 25,641 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $189.50, for a total transaction of $4,858,969.50. Following the completion of the transaction, the insider directly owned 34,514 shares of the company’s stock, valued at $6,540,403. The trade was a 42.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $173.78, for a total value of $9,103,291.52. Following the transaction, the chief executive officer directly owned 22,911 shares of the company’s stock, valued at $3,981,473.58. The trade was a 69.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 577,525 shares of company stock valued at $118,153,351 over the last three months. 10.89% of the stock is currently owned by insiders.

Cloudflare Trading Up 0.9%

NET opened at $218.05 on Wednesday. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $260.00. The stock has a market capitalization of $77.07 billion, a price-to-earnings ratio of -872.20 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The business has a fifty day moving average price of $207.88 and a 200 day moving average price of $198.82.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate 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 $639.76 million during the quarter, compared to analysts’ expectations of $620.83 million. During the same period in the previous year, the firm posted $0.16 EPS. Cloudflare’s revenue for the quarter 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.

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.