Sigma Planning Corp Buys 2,131 Shares of Cloudflare, Inc. $NET

Sigma Planning Corp increased its stake in shares of Cloudflare, Inc. (NYSE:NET) by 115.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,978 shares of the company’s stock after buying an additional 2,131 shares during the period. Sigma Planning Corp’s holdings in Cloudflare were worth $976,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NET. HM Payson & Co. bought a new stake in shares of Cloudflare in the 4th quarter worth approximately $25,000. Wiser Advisor Group LLC bought a new position in Cloudflare during the third quarter valued at $26,000. C M Bidwell & Associates Ltd. bought a new position in Cloudflare during the second quarter valued at $30,000. Wexford Capital LP purchased a new stake in Cloudflare in the third quarter worth $30,000. Finally, CX Institutional increased its position in Cloudflare by 49.4% in the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after buying an additional 44 shares during the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Cloudflare Stock Down 6.4%

NET stock opened at $285.68 on Wednesday. The stock has a 50-day simple moving average of $277.40 and a two-hundred day simple moving average of $233.59. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $332.22. The firm has a market capitalization of $100.98 billion, a PE ratio of -492.55, a PEG ratio of 187.36 and a beta of 1.65. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 earnings per share. 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 predict that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling at Cloudflare

In related news, CEO Matthew Prince sold 52,422 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total transaction of $13,057,795.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 firm’s stock in a transaction dated 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 completion of the sale, the insider directly owned 69,775 shares in the company, valued at approximately $20,557,808.25. The trade was a 32.11% 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 sold a total of 640,531 shares of company stock valued at $168,474,753 in the last three months. Company insiders own 10.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NET shares. Needham & Company LLC upped their price target on Cloudflare from $280.00 to $380.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Scotiabank boosted their price objective on Cloudflare from $300.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Piper Sandler upped their price objective on shares of Cloudflare from $250.00 to $333.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Oppenheimer boosted their price target on shares of Cloudflare from $330.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Finally, Benchmark cut shares of Cloudflare to an “underperform” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $320.19.

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.