Kestra Advisory Services LLC Cuts Position in Cloudflare, Inc. $NET

Kestra Advisory Services LLC decreased its position in Cloudflare, Inc. (NYSE:NET) by 15.7% during the 1st quarter, Holdings Channel reports. The fund owned 21,970 shares of the company’s stock after selling 4,087 shares during the quarter. Kestra Advisory Services LLC’s holdings in Cloudflare were worth $4,533,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NET. Jamison Private Wealth Management Inc. increased its position in shares of Cloudflare by 2.6% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 2,064 shares of the company’s stock valued at $426,000 after purchasing an additional 52 shares during the last quarter. Revisor Wealth Management LLC lifted its position in shares of Cloudflare by 4.0% during the 1st quarter. Revisor Wealth Management LLC now owns 1,390 shares of the company’s stock worth $287,000 after purchasing an additional 53 shares during the last quarter. IMA Advisory Services Inc. lifted its position in shares of Cloudflare by 4.5% during the 4th quarter. IMA Advisory Services Inc. now owns 1,290 shares of the company’s stock worth $254,000 after purchasing an additional 55 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Cloudflare by 55.4% during the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after purchasing an additional 56 shares in the last quarter. Finally, Silver Oak Securities Incorporated grew its stake in shares of Cloudflare by 5.5% during the fourth quarter. Silver Oak Securities Incorporated now owns 1,090 shares of the company’s stock worth $218,000 after purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Insiders Place Their Bets

In other Cloudflare news, CEO Matthew Prince sold 52,422 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $249.09, for a total value of $13,057,795.98. 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, insider Michelle Zatlyn sold 35,080 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the transaction, the insider owned 47,425 shares of the company’s stock, valued at approximately $10,148,001.50. The trade was a 42.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 616,185 shares of company stock worth $137,831,055. 10.66% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. New Street Research restated a “market outperform” rating on shares of Cloudflare in a research note on Monday, June 15th. Susquehanna upped their price objective on Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $136.00 price objective on shares of Cloudflare in a report on Wednesday, June 10th. Citizens Jmp restated a “market outperform” rating and set a $270.00 target price on shares of Cloudflare in a research note on Monday, June 15th. Finally, Wells Fargo & Company began coverage on Cloudflare in a report on Tuesday, July 7th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.78.

Cloudflare Stock Down 0.0%

NET opened at $272.94 on Friday. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $291.00. The business has a 50 day moving average price of $234.74 and a two-hundred day moving average price of $209.47. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The company has a market cap of $96.48 billion, a PE ratio of -1,091.75, a P/E/G ratio of 278.29 and a beta of 1.67.

Cloudflare (NYSE:NET) last announced 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. The company had revenue of $639.75 million for the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company’s revenue was up 33.5% on a year-over-year basis. During the same period last year, the business posted $0.16 EPS. 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, research analysts anticipate that Cloudflare, Inc. will post 0.02 EPS for the current year.

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.