United Asset Strategies Inc. Acquires 3,082 Shares of Cloudflare, Inc. $NET

United Asset Strategies Inc. acquired a new position in shares of Cloudflare, Inc. (NYSE:NET) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,082 shares of the company’s stock, valued at approximately $1,070,000.

A number of other hedge funds also recently made changes to their positions in NET. Choreo LLC raised its position in Cloudflare by 4.5% during the third quarter. Choreo LLC now owns 7,376 shares of the company’s stock valued at $2,562,000 after purchasing an additional 316 shares in the last quarter. Interchange Capital Partners LLC boosted its holdings in shares of Cloudflare by 23.6% in the 3rd quarter. Interchange Capital Partners LLC now owns 1,148 shares of the company’s stock worth $399,000 after purchasing an additional 219 shares in the last quarter. Childress Capital Advisors LLC purchased a new position in shares of Cloudflare in the 3rd quarter worth about $268,000. BOKF NA increased its position in shares of Cloudflare by 226.5% during the 3rd quarter. BOKF NA now owns 8,784 shares of the company’s stock valued at $3,051,000 after purchasing an additional 6,094 shares during the last quarter. Finally, Motley Fool Asset Management LLC increased its position in shares of Cloudflare by 6.8% during the 3rd quarter. Motley Fool Asset Management LLC now owns 25,710 shares of the company’s stock valued at $8,929,000 after purchasing an additional 1,645 shares during the last quarter. 82.68% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Cloudflare news, CEO Matthew Prince sold 52,383 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $283.42, for a total value of $14,846,389.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 69,775 shares of the company’s stock, valued at approximately $20,557,808.25. This trade represents a 32.11% 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. Insiders have sold a total of 476,339 shares of company stock worth $143,439,267 in the last ninety days. 10.66% of the stock is owned by insiders.

Cloudflare Stock Down 9.8%

Shares of NYSE:NET opened at $279.86 on Friday. The stock’s 50-day moving average price is $320.77 and its 200-day moving average price is $247.79. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $370.35. The stock has a market capitalization of $98.92 billion, a P/E ratio of -482.52, a price-to-earnings-growth ratio of 246.79 and a beta of 1.65. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%. The company had revenue of $696.06 million during the quarter, compared to analyst estimates of $664.66 million. During the same quarter in the previous year, the company posted $0.21 EPS. Cloudflare’s revenue for the quarter was up 35.9% on a year-over-year basis. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. On average, equities analysts anticipate that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NET has been the topic of a number of research reports. Barclays raised their price objective on Cloudflare from $355.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, October 12th. Piper Sandler upped their target price on Cloudflare from $250.00 to $333.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Citizens Jmp reiterated a “market outperform” rating and set a $394.00 price target on shares of Cloudflare in a research report on Monday, August 31st. Scotiabank lifted their price target on shares of Cloudflare from $300.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, Sanford C. Bernstein boosted their price objective on shares of Cloudflare from $181.00 to $245.00 and gave the stock a “market perform” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cloudflare has an average rating of “Moderate Buy” and an average price target of $333.70.

Cloudflare Profile

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

The company’s offerings include content delivery and authoritative domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.