Cloudflare, Inc. $NET Shares Sold by Lido Advisors LLC

Lido Advisors LLC lessened its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 37.2% in the 1st quarter, HoldingsChannel reports. The firm owned 19,374 shares of the company’s stock after selling 11,471 shares during the quarter. Lido Advisors LLC’s holdings in Cloudflare were worth $3,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NET. Signature Equity Partners LLC grew its position in Cloudflare by 22.3% during the 1st quarter. Signature Equity Partners LLC now owns 412 shares of the company’s stock worth $85,000 after purchasing an additional 75 shares during the period. CI Investments Inc. lifted its holdings in shares of Cloudflare by 122.8% in the 1st quarter. CI Investments Inc. now owns 231,386 shares of the company’s stock valued at $47,744,000 after buying an additional 127,552 shares during the period. Pacific Sun Financial Corp acquired a new position in shares of Cloudflare in the 1st quarter valued at about $206,000. PNC Financial Services Group Inc. boosted its stake in shares of Cloudflare by 20.3% in the first quarter. PNC Financial Services Group Inc. now owns 14,281 shares of the company’s stock worth $2,947,000 after buying an additional 2,412 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of Cloudflare in the first quarter worth about $1,911,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John Graham-Cumming sold 2,520 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $247.28, for a total transaction of $623,145.60. Following the completion of the sale, the director owned 494,909 shares of the company’s stock, valued at $122,381,097.52. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark J. Hawkins sold 133 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $249.00, for a total transaction of $33,117.00. Following the transaction, the director owned 10,765 shares of the company’s stock, valued at approximately $2,680,485. This trade represents a 1.22% decrease in their position. 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 quarter, insiders have sold 564,903 shares of company stock valued at $127,356,194. 10.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NET has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded Cloudflare to a “buy” rating in a research report on Tuesday, July 7th. TD Cowen upped their price objective on Cloudflare from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. KeyCorp reaffirmed an “overweight” rating on shares of Cloudflare in a research note on Wednesday, June 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a report on Friday, July 17th. Finally, Stifel Nicolaus set a $260.00 target price on shares of Cloudflare in a research note on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.19.

Cloudflare Trading Up 0.2%

Shares of NYSE:NET opened at $262.72 on Friday. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $291.00. The firm has a market capitalization of $92.86 billion, a price-to-earnings ratio of -1,050.87, a price-to-earnings-growth ratio of 267.19 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The business’s 50 day moving average price is $243.73 and its 200-day moving average price is $212.38.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $639.75 million for the quarter, compared to analysts’ expectations of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. 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. On average, equities research analysts forecast that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

About Cloudflare

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.