Whittier Trust Co. of Nevada Inc. Has $29.57 Million Stock Holdings in Cloudflare, Inc. $NET

Whittier Trust Co. of Nevada Inc. raised its holdings in Cloudflare, Inc. (NYSE:NET) by 7.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 139,644 shares of the company’s stock after buying an additional 9,184 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Cloudflare were worth $29,574,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. raised its holdings in shares of Cloudflare by 9.2% in the 1st quarter. Whittier Trust Co. now owns 340,968 shares of the company’s stock worth $72,210,000 after acquiring an additional 28,723 shares during the last quarter. Ascentis Independent Advisors bought a new position in shares of Cloudflare in the first quarter valued at approximately $145,000. K.J. Harrison & Partners Inc purchased a new position in shares of Cloudflare during the first quarter valued at approximately $2,084,000. Kepler Cheuvreux Suisse SA grew its holdings in Cloudflare by 3.3% during the first quarter. Kepler Cheuvreux Suisse SA now owns 4,557 shares of the company’s stock worth $940,000 after buying an additional 147 shares in the last quarter. Finally, Revisor Wealth Management LLC lifted its stake in Cloudflare by 4.0% during the 1st quarter. Revisor Wealth Management LLC now owns 1,390 shares of the company’s stock valued at $287,000 after acquiring an additional 53 shares in the last quarter. 82.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barclays reiterated an “overweight” rating and issued a $250.00 target price on shares of Cloudflare in a report on Monday, June 1st. Mizuho lifted their target price on shares of Cloudflare from $235.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. BTIG Research increased their price target on Cloudflare from $243.00 to $269.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Jefferies Financial Group began coverage on Cloudflare in a research report on Wednesday, April 15th. They issued a “buy” rating on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research report on Monday, April 20th. Twenty-one investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Cloudflare has an average rating of “Moderate Buy” and an average price target of $241.35.

Insider Transactions at Cloudflare

In other news, insider Michelle Zatlyn sold 35,080 shares of Cloudflare stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $213.98, for a total value of $7,506,418.40. Following the completion of the transaction, the insider owned 47,425 shares in the company, valued at $10,148,001.50. This trade represents a 42.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $204.15, for a total transaction of $10,694,193.60. Following the completion of the sale, the chief executive officer directly owned 25,550 shares in the company, valued at approximately $5,216,032.50. This trade represents a 67.22% 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. Insiders have sold 513,861 shares of company stock valued at $110,342,146 in the last quarter. Company insiders own 10.66% of the company’s stock.

Cloudflare Stock Performance

Shares of NET opened at $242.14 on Monday. The firm has a market cap of $85.59 billion, a PE ratio of -968.56, a PEG ratio of 244.14 and a beta of 1.67. The stock’s fifty day moving average price is $226.09 and its two-hundred day moving average price is $204.94. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $276.82.

Cloudflare (NYSE:NET) last announced its quarterly earnings data 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. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company had revenue of $639.75 million during the quarter, compared to analyst estimates of $620.83 million. During the same quarter last year, the firm posted $0.16 EPS. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. 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 0.02 EPS for the current 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.