3,402 Shares in Cloudflare, Inc. $NET Acquired by Boyce & Associates Wealth Consulting Inc.

Boyce & Associates Wealth Consulting Inc. bought a new stake in shares of Cloudflare, Inc. (NYSE:NET) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,402 shares of the company’s stock, valued at approximately $1,181,000.

Several other large investors have also recently modified their holdings of the stock. GK Wealth Management LLC bought a new stake in Cloudflare during the 3rd quarter valued at about $25,000. Cornerstone Financial Management LLC grew its stake in Cloudflare by 65.3% in the 2nd quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock worth $29,000 after acquiring an additional 47 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in Cloudflare in the 2nd quarter worth about $30,000. CX Institutional increased its position in shares of Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 44 shares during the period. Finally, Cape Investment Advisory Inc. purchased a new position in shares of Cloudflare during the second quarter worth approximately $33,000. Institutional investors own 82.68% of the company’s stock.

Insider Activity

In other news, insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $348.29, for a total value of $11,494,614.87. Following the transaction, the insider owned 69,775 shares of the company’s stock, valued at $24,301,934.75. The trade was a 32.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alissa Michelle Starzak sold 2,538 shares of Cloudflare stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $304.68, for a total transaction of $773,277.84. Following the completion of the transaction, the insider directly owned 112,082 shares in the company, valued at approximately $34,149,143.76. The trade was a 2.21% decrease in their position. 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 a total of 458,839 shares of company stock valued at $138,172,392 over the last 90 days. 10.66% of the stock is currently owned by corporate insiders.

Cloudflare Trading Down 0.7%

Shares of NYSE NET opened at $348.38 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a market capitalization of $123.14 billion, a P/E ratio of -600.66, a price-to-earnings-growth ratio of 279.06 and a beta of 1.65. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $370.35. The business has a fifty day moving average price of $318.34 and a 200 day moving average price of $262.18.

Cloudflare (NYSE:NET) last issued its quarterly earnings data 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. The company had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%. The firm’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter last year, the company earned $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. Equities research analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Sanford C. Bernstein lifted their price target on shares of Cloudflare from $164.00 to $181.00 and gave the company a “market perform” rating in a research note on Thursday, September 17th. Piper Sandler increased their price objective on Cloudflare from $250.00 to $333.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Guggenheim raised their price objective on Cloudflare from $140.00 to $160.00 and gave the stock a “sell” rating in a report on Friday, August 7th. KeyCorp raised their price objective on Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Robert W. Baird set a $330.00 target price on Cloudflare in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $330.59.

About Cloudflare

Cloudflare, Inc is a connectivity cloud company that provides services designed to help organizations make their websites, applications and networks more secure, reliable and faster. Its global network sits between users and the services they access, supporting content delivery, domain name system services, traffic optimization and protection against distributed denial-of-service attacks and other online threats.

The company offers a range of application and network security products, including web application firewalls, bot management, application programming interface protection, zero-trust security and secure access services.