Prospera Financial Services Inc Cuts Position in Cloudflare, Inc. $NET

Prospera Financial Services Inc lessened its holdings in Cloudflare, Inc. (NYSE:NET) by 65.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,699 shares of the company’s stock after selling 3,239 shares during the quarter. Prospera Financial Services Inc’s holdings in Cloudflare were worth $335,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Physician Wealth Advisors Inc. boosted its stake in shares of Cloudflare by 693.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after buying an additional 104 shares during the last quarter. Wiser Advisor Group LLC purchased a new position in shares of Cloudflare in the 3rd quarter worth approximately $26,000. Westside Investment Management Inc. boosted its stake in shares of Cloudflare by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after buying an additional 65 shares during the last quarter. Wexford Capital LP purchased a new position in shares of Cloudflare in the 3rd quarter worth approximately $30,000. Finally, Ameriflex Group Inc. boosted its stake in shares of Cloudflare by 105.6% in the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, Director Carl Ledbetter sold 15,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $238.12, for a total transaction of $3,571,800.00. Following the sale, the director owned 908,073 shares of the company’s stock, valued at $216,230,342.76. The trade was a 1.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 10,000 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $200.61, for a total transaction of $2,006,100.00. Following the sale, the chief financial officer directly owned 212,014 shares in the company, valued at $42,532,128.54. The trade was a 4.50% 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. Over the last three months, insiders have sold 585,862 shares of company stock worth $121,988,011. Company insiders own 10.89% of the company’s stock.

Cloudflare Price Performance

Cloudflare stock opened at $241.82 on Monday. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $260.00. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The business’s 50 day simple moving average is $208.57 and its 200 day simple moving average is $198.67. The company has a market cap of $85.48 billion, a price-to-earnings ratio of -967.27 and a beta of 1.70.

Cloudflare (NYSE:NET) last posted its quarterly earnings data 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 return on equity of 5.65% and a negative net margin of 3.72%.The business had revenue of $639.76 million for the quarter, compared to the consensus estimate of $620.83 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. 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.

Analysts Set New Price Targets

NET has been the topic of a number of research analyst reports. Mizuho cut their target price on Cloudflare from $255.00 to $235.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 14th. Royal Bank Of Canada restated an “outperform” rating on shares of Cloudflare in a research note on Friday, May 22nd. Susquehanna boosted their target price on Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Needham & Company LLC dropped their price objective on Cloudflare from $285.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research note on Monday, April 20th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, 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.