Cloudflare, Inc. $NET Shares Acquired by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts increased its Cloudflare stake by 70% in the second quarter, bringing its holdings to 8,747 shares valued at approximately $2.15 million. Institutional investors collectively own 82.68% of the company.
• Cloudflare reported quarterly EPS of $0.29, beating estimates by $0.02, while revenue rose 35.9% year over year to $696.06 million. Shares opened at $331.06, near their 52-week high.
• Analysts maintain a generally positive outlook, with an average rating of “Moderate Buy” and a $320.19 price target. Meanwhile, insiders sold approximately $180.2 million worth of shares during the last quarter through pre-arranged trading plans.

Integrated Wealth Concepts LLC grew its stake in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 70.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,747 shares of the company's stock after purchasing an additional 3,601 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Cloudflare were worth $2,145,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Cornerstone Financial Management LLC raised its holdings in shares of Cloudflare by 65.3% during the second quarter. Cornerstone Financial Management LLC now owns 119 shares of the company's stock valued at $29,000 after buying an additional 47 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in Cloudflare in the 2nd quarter worth approximately $30,000. CX Institutional grew its holdings in Cloudflare by 49.4% in the 2nd quarter. CX Institutional now owns 133 shares of the company's stock worth $33,000 after buying an additional 44 shares in the last quarter. Cape Investment Advisory Inc. acquired a new stake in Cloudflare in the 2nd quarter valued at approximately $33,000. Finally, Ancora Advisors LLC acquired a new stake in Cloudflare in the 2nd quarter valued at approximately $33,000. Institutional investors own 82.68% of the company's stock.

Cloudflare Trading Up 8.0%

Shares of NET stock opened at $331.06 on Tuesday. The stock has a 50-day simple moving average of $287.59 and a 200 day simple moving average of $240.67. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $334.60. The stock has a market capitalization of $117.02 billion, a P/E ratio of -570.80, a P/E/G ratio of 250.57 and a beta of 1.66. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22.

Cloudflare (NYSE:NET - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.02. The business had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The business's revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. On average, sell-side analysts expect that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cloudflare news, insider Alissa Michelle Starzak sold 2,538 shares of Cloudflare stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $304.68, for a total transaction of $773,277.84. Following the transaction, the insider directly owned 112,082 shares in the company, valued at approximately $34,149,143.76. The trade was a 2.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas Seifert sold 10,000 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $307.32, for a total transaction of $3,073,200.00. Following the sale, the chief financial officer directly owned 110,846 shares in the company, valued at approximately $34,065,192.72. This trade represents a 8.27% 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 678,083 shares of company stock worth $180,193,432 in the last quarter. Corporate insiders own 10.66% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein restated a "market perform" rating and set a $136.00 price objective on shares of Cloudflare in a research note on Wednesday, June 10th. Citizens Jmp reiterated a "market outperform" rating and issued a $394.00 target price on shares of Cloudflare in a research report on Monday, August 31st. Wells Fargo & Company raised their target price on shares of Cloudflare from $300.00 to $380.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Truist Financial boosted their price target on shares of Cloudflare from $300.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Finally, TD Cowen upped their price target on shares of Cloudflare from $300.00 to $355.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $320.19.

Cloudflare Profile

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

The company's offerings include content delivery and domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.

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