Cloudflare, Inc. $NET Shares Acquired by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC lifted its holdings in Cloudflare, Inc. (NYSE:NET) by 219.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,776 shares of the company’s stock after purchasing an additional 3,283 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Cloudflare were worth $985,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Styrax Capital LP acquired a new stake in Cloudflare in the first quarter worth about $41,268,000. Delta Global Management LP purchased a new position in shares of Cloudflare in the 1st quarter valued at approximately $6,490,000. Insight Holdings Group LLC acquired a new stake in Cloudflare in the 1st quarter worth approximately $6,768,000. OMERS ADMINISTRATION Corp boosted its stake in Cloudflare by 33.2% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 14,274 shares of the company’s stock worth $2,945,000 after purchasing an additional 3,559 shares in the last quarter. Finally, Lombard Odier Asset Management Switzerland SA grew its position in Cloudflare by 8.0% during the 1st quarter. Lombard Odier Asset Management Switzerland SA now owns 10,836 shares of the company’s stock worth $2,236,000 after purchasing an additional 800 shares during the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Cloudflare Stock Performance

NET opened at $270.58 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $291.00. The firm has a 50 day moving average of $247.39 and a two-hundred day moving average of $213.98. The firm has a market capitalization of $95.64 billion, a PE ratio of -1,082.32, a P/E/G ratio of 203.92 and a beta of 1.67.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $639.75 million for the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The business’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same period in the prior year, the firm 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, analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Stifel Nicolaus set a $260.00 price target on shares of Cloudflare in a research note on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research report on Friday, July 17th. Oppenheimer upped their target price on Cloudflare from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Wells Fargo & Company raised their target price on Cloudflare from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Finally, Jefferies Financial Group cut Cloudflare from a “buy” rating to a “hold” rating in a research report on Tuesday, July 7th. Two research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $261.19.

Insiders Place Their Bets

In other Cloudflare news, insider Michelle Zatlyn sold 35,080 shares of Cloudflare stock in a transaction dated 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 completion of the transaction, the insider owned 47,425 shares in the company, valued at approximately $10,148,001.50. This trade represents a 42.52% decrease in their position. The transaction 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 52,422 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $249.09, for a total value of $13,057,795.98. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 554,912 shares of company stock valued at $125,199,636 over the last 90 days. 10.66% of the stock is currently owned by insiders.

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.