Cloudflare, Inc. $NET Shares Sold by First Trust Advisors LP

First Trust Advisors LP lowered its position in Cloudflare, Inc. (NYSE:NET) by 6.1% in the first quarter, HoldingsChannel reports. The firm owned 3,774,026 shares of the company’s stock after selling 245,131 shares during the period. Cloudflare makes up about 0.6% of First Trust Advisors LP’s portfolio, making the stock its 21st biggest holding. First Trust Advisors LP’s holdings in Cloudflare were worth $778,732,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NET. Empowered Funds LLC increased its stake in Cloudflare by 34.2% during the first quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock worth $750,000 after acquiring an additional 1,696 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Cloudflare in the 2nd quarter valued at $424,000. Cerity Partners LLC grew its holdings in shares of Cloudflare by 30.1% during the 2nd quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock worth $5,391,000 after purchasing an additional 6,363 shares during the period. Sei Investments Co. grew its holdings in shares of Cloudflare by 40.1% during the 2nd quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock worth $64,432,000 after purchasing an additional 94,112 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of Cloudflare by 14.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock worth $3,224,000 after purchasing an additional 2,093 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare Trading Up 0.0%

NET opened at $272.50 on Wednesday. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $291.00. The company has a market cap of $96.32 billion, a P/E ratio of -1,090.02, a PEG ratio of 277.66 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The business’s 50-day simple moving average is $239.64 and its 200-day simple moving average is $211.05.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The business’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter last year, the company earned $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, equities research analysts expect that Cloudflare, Inc. will post 0.02 EPS for the current fiscal year.

Insider Activity at Cloudflare

In other news, Director Carl Ledbetter sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $268.11, for a total value of $1,340,550.00. Following the completion of the transaction, the director owned 888,073 shares in the company, valued at approximately $238,101,252.03. This represents a 0.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,383 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $247.28, for a total transaction of $12,953,268.24. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 564,903 shares of company stock valued at $127,356,194 in the last quarter. Company insiders own 10.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on NET shares. Barclays upped their target price on shares of Cloudflare from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $136.00 target price on shares of Cloudflare in a report on Wednesday, June 10th. Susquehanna boosted their price target on shares of Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research report on Friday. Finally, The Goldman Sachs Group cut shares of Cloudflare from a “buy” rating to a “sell” rating in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.59.

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.