Cloudflare, Inc. $NET Shares Purchased by Foundations Investment Advisors LLC

Key Points

• Foundations Investment Advisors LLC boosted its Cloudflare stake by 33.7% in Q4, ending with 32,044 shares valued at about $6.3 million.
• Insider selling has been notable: Michelle Zatlyn and CEO Matthew Prince both sold shares, and insiders have sold a total of 585,862 shares worth about $122 million over the past 90 days.
• Cloudflare recently beat earnings estimates, reporting $0.25 EPS versus $0.23 expected and revenue of $639.76 million, up 33.5% year over year; analysts currently rate the stock Moderate Buy with an average target price of $236.68.

Foundations Investment Advisors LLC increased its holdings in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 33.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,044 shares of the company's stock after purchasing an additional 8,075 shares during the period. Foundations Investment Advisors LLC's holdings in Cloudflare were worth $6,317,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Physician Wealth Advisors Inc. raised its position in Cloudflare by 693.3% during 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 Cloudflare during the 3rd quarter worth $26,000. Westside Investment Management Inc. raised its position in Cloudflare by 100.0% during 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 Cloudflare during the 3rd quarter worth $30,000. Finally, Cloud Capital Management LLC purchased a new position in Cloudflare during the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 82.68% of the company's stock.

Insider Activity

In other Cloudflare news, insider Michelle Zatlyn sold 35,080 shares of the firm's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the completion of the transaction, the insider directly owned 47,425 shares in the company, valued at approximately $10,148,001.50. This trade represents a 42.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,384 shares of the firm's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $209.08, for a total transaction of $10,952,446.72. The SEC filing for this sale provides additional information. Insiders have sold a total of 585,862 shares of company stock valued at $121,988,011 over the last 90 days. 10.89% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. New Street Research set a $140.00 price objective on shares of Cloudflare in a research report on Wednesday, February 11th. Morgan Stanley set a $245.00 price objective on shares of Cloudflare in a research report on Wednesday, February 11th. Robert W. Baird set a $260.00 price target on shares of Cloudflare and gave the company an "outperform" rating in a report on Wednesday, February 11th. Mizuho cut their price target on shares of Cloudflare from $255.00 to $235.00 and set an "outperform" rating for the company in a report on Tuesday, April 14th. Finally, Citigroup assumed coverage on shares of Cloudflare in a report on Wednesday, April 15th. They issued a "buy" rating for the company. Eighteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Cloudflare currently has an average rating of "Moderate Buy" and an average target price of $236.68.

Cloudflare Stock Performance

NYSE:NET opened at $227.98 on Friday. 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 firm has a 50-day moving average price of $208.24 and a two-hundred day moving average price of $198.67. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $260.00. The company has a market capitalization of $80.58 billion, a P/E ratio of -911.92 and a beta of 1.67.

Cloudflare (NYSE:NET - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm had revenue of $639.76 million during the quarter, compared to the consensus estimate of $620.83 million. During the same period last year, the firm posted $0.16 EPS. The firm'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.

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