31,209 Cloudflare, Inc. $NET Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC cut its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 90.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,194 shares of the company’s stock after selling 31,209 shares during the quarter. Curated Wealth Partners LLC’s holdings in Cloudflare were worth $1,109,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NET. GK Wealth Management LLC acquired a new position in shares of Cloudflare in the 3rd quarter valued at about $25,000. Toth Financial Advisory Corp acquired a new stake in shares of Cloudflare during the third quarter worth approximately $36,000. Cornerstone Financial Management LLC boosted its holdings in shares of Cloudflare by 65.3% during the second quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock worth $29,000 after purchasing an additional 47 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in shares of Cloudflare during the second quarter worth approximately $30,000. Finally, CX Institutional grew its position in Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 44 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Cloudflare news, CEO Matthew Prince sold 52,383 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $283.42, for a total transaction of $14,846,389.86. The transaction was disclosed in a filing with the SEC, which is available 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 that occurred on 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 transaction, the insider directly owned 69,775 shares in the company, valued at $20,557,808.25. The trade was a 32.11% 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. In the last 90 days, insiders have sold 458,839 shares of company stock worth $138,172,392. 10.66% of the stock is owned by corporate insiders.

Cloudflare Stock Down 4.7%

NYSE:NET traded down $15.16 during mid-day trading on Thursday, reaching $309.17. The stock had a trading volume of 1,843,382 shares, compared to its average volume of 4,049,960. The stock has a market cap of $109.28 billion, a P/E ratio of -532.73, a PEG ratio of 276.54 and a beta of 1.65. The business’s 50 day moving average is $318.98 and its 200 day moving average is $262.99. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $370.35.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $696.06 million during the quarter, compared to analysts’ expectations 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 was up 35.9% compared to the same quarter last year. During the same period in the previous 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. As a group, sell-side analysts predict that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NET shares. Truist Financial upped their price objective on shares of Cloudflare from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Royal Bank Of Canada increased their target price on shares of Cloudflare from $290.00 to $346.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. UBS Group lifted their target price on shares of Cloudflare from $250.00 to $350.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Citigroup restated a “market outperform” rating on shares of Cloudflare in a report on Monday, August 31st. Finally, Morgan Stanley restated an “overweight” rating and set a $370.00 price target on shares of Cloudflare in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued 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 company has a consensus rating of “Moderate Buy” and a consensus price target 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.