Leelyn Smith LLC Makes New Investment in Cloudflare, Inc. $NET

Leelyn Smith LLC purchased a new stake in Cloudflare, Inc. (NYSE:NET) during the first quarter, HoldingsChannel reports. The institutional investor purchased 5,980 shares of the company’s stock, valued at approximately $1,234,000.

A number of other institutional investors have also added to or reduced their stakes in NET. Jamison Private Wealth Management Inc. lifted its stake in Cloudflare by 2.6% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 2,064 shares of the company’s stock valued at $426,000 after purchasing an additional 52 shares during the last quarter. IMA Advisory Services Inc. increased its holdings in shares of Cloudflare by 4.5% during the fourth quarter. IMA Advisory Services Inc. now owns 1,290 shares of the company’s stock worth $254,000 after buying an additional 55 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Cloudflare by 55.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after acquiring an additional 56 shares during the last quarter. Silver Oak Securities Incorporated lifted its stake in shares of Cloudflare by 5.5% in the 4th quarter. Silver Oak Securities Incorporated now owns 1,090 shares of the company’s stock valued at $218,000 after acquiring an additional 57 shares during the last quarter. Finally, Certuity LLC boosted its holdings in shares of Cloudflare by 1.8% during the 4th quarter. Certuity LLC now owns 3,156 shares of the company’s stock valued at $622,000 after acquiring an additional 57 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare Stock Performance

NYSE NET opened at $242.14 on Friday. The company has a market capitalization of $85.59 billion, a price-to-earnings ratio of -968.56, a PEG ratio of 244.14 and a beta of 1.67. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $276.82. The stock has a fifty day simple moving average of $226.09 and a 200 day simple moving average of $204.88.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, May 7th. The company reported $0.25 EPS 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 firm had revenue of $639.75 million for the quarter, compared to the consensus estimate of $620.83 million. During the same period in the previous year, the business earned $0.16 EPS. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Sell-side analysts expect that Cloudflare, Inc. will post 0.02 EPS for the current year.

Insider Transactions at Cloudflare

In related news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $210.02, for a total value of $11,001,687.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of the company’s stock in a transaction that occurred on 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 sale, the insider owned 47,425 shares in the company, valued at $10,148,001.50. The trade was a 42.52% decrease in their ownership of the stock. 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 566,245 shares of company stock valued at $121,343,833 over the last 90 days. 10.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NET. KeyCorp restated an “overweight” rating on shares of Cloudflare in a research report on Wednesday, June 10th. BTIG Research lifted their price target on Cloudflare from $243.00 to $269.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Jefferies Financial Group started coverage on Cloudflare in a report on Wednesday, April 15th. They set a “buy” rating on the stock. Royal Bank Of Canada upped their price objective on Cloudflare from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $230.00 price objective (up from $224.00) on shares of Cloudflare in a report on Wednesday, June 10th. Twenty-one 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.35.

Cloudflare Company Profile

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.