Corient Private Wealth LLC Sells 8,331 Shares of Cloudflare, Inc. $NET

Corient Private Wealth LLC decreased its position in shares of Cloudflare, Inc. (NYSE:NET) by 24.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,449 shares of the company’s stock after selling 8,331 shares during the period. Corient Private Wealth LLC’s holdings in Cloudflare were worth $5,014,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NET. Reflection Asset Management purchased a new position in Cloudflare during the 4th quarter worth approximately $86,000. MidFirst Bank purchased a new position in shares of Cloudflare during the 4th quarter valued at approximately $801,000. Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of Cloudflare in the fourth quarter worth about $232,000. Sunbelt Securities Inc. grew its holdings in Cloudflare by 18.4% in the fourth quarter. Sunbelt Securities Inc. now owns 1,409 shares of the company’s stock valued at $278,000 after purchasing an additional 219 shares during the period. Finally, Strive Financial Group LLC acquired a new position in shares of Cloudflare during the 4th quarter worth about $50,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare Stock Up 4.6%

Shares of NYSE NET opened at $237.06 on Friday. The firm has a market cap of $83.79 billion, a P/E ratio of -948.24, a price-to-earnings-growth ratio of 228.27 and a beta of 1.70. 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 $276.82. The firm’s 50 day moving average price is $222.06 and its 200 day moving average price is $203.62.

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 return on equity of 5.65% and a negative net margin of 3.72%.The company had revenue of $639.75 million during the quarter, compared to analysts’ expectations of $620.83 million. During the same quarter in the previous year, the business earned $0.16 EPS. The firm’s revenue 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. As a group, sell-side analysts anticipate that Cloudflare, Inc. will post 0.02 earnings per share for the current year.

Insider Transactions at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $224.30, for a total value of $11,749,731.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $219.11, for a total value of $5,618,199.51. Following the completion of the sale, the insider owned 47,425 shares of the company’s stock, valued at approximately $10,391,291.75. This trade represents a 35.09% 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 566,245 shares of company stock worth $121,338,593 in the last quarter. 10.66% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NET has been the subject of several research reports. The Goldman Sachs Group cut shares of Cloudflare from a “buy” rating to a “sell” rating in a research note on Wednesday, April 15th. BTIG Research boosted their price target on shares of Cloudflare from $243.00 to $269.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Needham & Company LLC raised their target price on shares of Cloudflare from $250.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Stifel Nicolaus set a $260.00 target price on Cloudflare in a research report on Friday, May 8th. Finally, Truist Financial raised their price objective on Cloudflare from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Twenty-one investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Cloudflare presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.35.

Cloudflare 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.