Corient Private Wealth LP Has $51.04 Million Position in Cloudflare, Inc. $NET

Key Points

• Corient Private Wealth LP increased its Cloudflare stake by 837.5% in the second quarter, holding 208,103 shares worth approximately $51.04 million. Institutional investors collectively own 82.68% of the company.
• Analysts maintain a generally positive view, with Cloudflare receiving a consensus “Moderate Buy” rating and an average price target of $320.19; several firms recently raised their targets to between $350 and $380.
• Cloudflare exceeded quarterly expectations, reporting $0.29 in adjusted earnings per share versus $0.27 expected and $696.06 million in revenue, up 35.9% year over year. However, insiders sold roughly 706,244 shares worth $186.8 million over the past three months.

Corient Private Wealth LP increased its stake in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 837.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 208,103 shares of the company's stock after acquiring an additional 185,906 shares during the period. Corient Private Wealth LP owned about 0.06% of Cloudflare worth $51,044,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. HM Payson & Co. bought a new position in Cloudflare during the 4th quarter worth about $25,000. Wiser Advisor Group LLC bought a new position in shares of Cloudflare during the third quarter worth about $26,000. C M Bidwell & Associates Ltd. bought a new position in shares of Cloudflare during the second quarter worth about $30,000. Wexford Capital LP acquired a new stake in Cloudflare in the 3rd quarter valued at approximately $30,000. Finally, CX Institutional raised its position in Cloudflare by 49.4% in the 2nd quarter. CX Institutional now owns 133 shares of the company's stock valued at $33,000 after buying an additional 44 shares during the last quarter. 82.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NET has been the subject of a number of recent research reports. Guggenheim upped their price target on Cloudflare from $140.00 to $160.00 and gave the stock a "sell" rating in a research report on Friday, August 7th. New Street Research reiterated a "market outperform" rating on shares of Cloudflare in a report on Monday, June 15th. KeyCorp boosted their price objective on shares of Cloudflare from $300.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Truist Financial increased their target price on shares of Cloudflare from $300.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Finally, Oppenheimer raised their target price on shares of Cloudflare from $330.00 to $380.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. One equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $320.19.

Cloudflare Stock Down 1.6%

NET stock opened at $306.22 on Friday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. The business has a 50 day moving average price of $285.92 and a two-hundred day moving average price of $238.94. The company has a market cap of $108.24 billion, a price-to-earnings ratio of -527.97, a P/E/G ratio of 250.57 and a beta of 1.66. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $332.22.

Cloudflare (NYSE:NET - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. The firm had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The business's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter 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. Analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $294.63, for a total value of $9,723,673.89. Following the completion of the transaction, the insider owned 69,775 shares of the company's stock, valued at $20,557,808.25. This trade represents a 32.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 55,000 shares of the business's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total transaction of $16,516,500.00. Following the transaction, the chief financial officer owned 113,790 shares in the company, valued at $34,171,137. This represents a 32.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 706,244 shares of company stock worth $186,761,866. Insiders own 10.66% of the company's stock.

Cloudflare Company 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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