Sax Wealth Advisors LLC Acquires New Shares in Cloudflare, Inc. $NET

Sax Wealth Advisors LLC bought a new stake in shares of Cloudflare, Inc. (NYSE:NET) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,678 shares of the company’s stock, valued at approximately $583,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Pictet Asset Management Holding SA lifted its position in Cloudflare by 17.6% during the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock valued at $284,900,000 after purchasing an additional 206,506 shares during the period. Insight Holdings Group LLC bought a new stake in Cloudflare in the 1st quarter worth approximately $6,768,000. Plato Investment Management Ltd bought a new stake in Cloudflare in the 2nd quarter worth approximately $1,499,000. Independent Financial Group LLC bought a new stake in Cloudflare in the 1st quarter worth approximately $3,484,000. Finally, Capula Management Ltd grew its position in Cloudflare by 97.1% in the 1st quarter. Capula Management Ltd now owns 13,526 shares of the company’s stock worth $2,791,000 after purchasing an additional 6,662 shares during the period. Institutional investors own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of Cloudflare from $355.00 to $400.00 and gave the company an “overweight” rating in a research note on Monday. BTIG Research raised their price target on Cloudflare from $382.00 to $413.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Mizuho lifted their price objective on Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Zacks Research lowered Cloudflare from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Finally, Susquehanna upped their price objective on Cloudflare from $200.00 to $300.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. One investment 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.59.

Insider Buying and Selling

In other news, insider Michelle Zatlyn sold 33,003 shares of the firm’s stock in a transaction dated Wednesday, October 7th. The stock was 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. This trade represents a 32.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $332.46, for a total value of $3,324,600.00. Following the completion of the transaction, the chief financial officer directly owned 107,902 shares in the company, valued at $35,873,098.92. This trade represents a 8.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 458,839 shares of company stock worth $138,172,392. Company insiders own 10.66% of the company’s stock.

Cloudflare Trading Down 2.9%

Shares of Cloudflare stock opened at $314.76 on Friday. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $370.35. The company’s fifty day simple moving average is $319.61 and its 200-day simple moving average is $263.78. 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 $111.26 billion, a PE ratio of -542.69, a P/E/G ratio of 257.95 and a beta of 1.65.

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

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.