Fortis Group Advisors LLC Lowers Stock Position in Cloudflare, Inc. $NET

Fortis Group Advisors LLC reduced its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 29.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,368 shares of the company’s stock after selling 4,729 shares during the period. Fortis Group Advisors LLC’s holdings in Cloudflare were worth $2,241,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Frank Rimerman Advisors LLC grew its position in Cloudflare by 1.8% during the third quarter. Frank Rimerman Advisors LLC now owns 2,821 shares of the company’s stock valued at $605,000 after acquiring an additional 51 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in Cloudflare by 55.4% during the third 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 grew its position in Cloudflare by 5.5% during the fourth 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. Certuity LLC grew its position in Cloudflare by 1.8% during the fourth quarter. Certuity LLC now owns 3,156 shares of the company’s stock valued at $622,000 after acquiring an additional 57 shares during the last quarter. Finally, Rothschild Investment LLC grew its position in Cloudflare by 37.4% during the third quarter. Rothschild Investment LLC now owns 224 shares of the company’s stock valued at $48,000 after acquiring an additional 61 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on NET. Citigroup began coverage on shares of Cloudflare in a research report on Wednesday, April 15th. They set a “buy” rating on the stock. New Street Research set a $140.00 price target on shares of Cloudflare in a research report on Wednesday, February 11th. Scotiabank reduced their price target on shares of Cloudflare from $255.00 to $225.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 11th. Cantor Fitzgerald reiterated a “neutral” rating and set a $224.00 price target on shares of Cloudflare in a research report on Wednesday, February 11th. Finally, Zacks Research upgraded shares of Cloudflare from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Eighteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $236.68.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare announced a collaboration with Anthropic to launch Cloudflare Environments for Claude Managed Agents, strengthening its role in AI infrastructure and secure developer tooling. Cloudflare Brings Secure, Scalable Sandboxes to Claude Managed Agents
• Positive Sentiment: Recent coverage highlighted Cloudflare’s AI-first pivot and 20% workforce reduction as a way to improve efficiency and support margin expansion while the company pushes new AI products. Cloudflare Reshapes Business With AI Pivot And 20% Workforce Cut
• Positive Sentiment: Cloudflare’s Q1 results beat expectations, with revenue and EPS both topping estimates, reinforcing the view that the company’s growth remains strong. Cloudflare (NET) Q1 Results Beat Expectations, But Market Reaction Tells A Mixed Story
• Neutral Sentiment: Analyst and sector commentary continues to group NET with other AI and big-data beneficiaries, which supports sentiment but does not reflect a company-specific catalyst. Invest in These 5 Big Data Behemoths to Gain From Wall Street Rally
• Negative Sentiment: Cloudflare’s CAO and CFO both sold shares recently, which can weigh on investor sentiment even though the transactions were made under pre-arranged 10b5-1 plans.
• Negative Sentiment: Opinion coverage suggested Cloudflare may replace some middle-management and operations roles with AI, raising concerns about restructuring pressure and the pace of workforce changes. Opinion | How I Choose Which Cloudflare Employees to Replace With AI

Insider Transactions at Cloudflare

In related news, CFO Thomas J. Seifert sold 41,557 shares of Cloudflare stock in a transaction on Friday, February 20th. The shares were sold at an average price of $185.04, for a total value of $7,689,707.28. Following the sale, the chief financial officer owned 85,452 shares in the company, valued at $15,812,038.08. The trade was a 32.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction on Monday, March 16th. The shares were sold at an average price of $209.08, for a total transaction of $10,952,446.72. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 617,980 shares of company stock worth $122,082,219. Insiders own 10.89% of the company’s stock.

Cloudflare Stock Up 1.6%

Shares of Cloudflare stock opened at $210.02 on Thursday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. Cloudflare, Inc. has a 52-week low of $154.93 and a 52-week high of $260.00. The stock has a market capitalization of $74.24 billion, a price-to-earnings ratio of -840.09 and a beta of 1.67. The company’s 50 day moving average price is $207.53 and its 200-day moving average price is $199.52.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm had revenue of $639.76 million for the quarter, compared to analysts’ expectations of $620.83 million. During the same quarter last year, the business earned $0.16 earnings per share. The business’s revenue was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.

Cloudflare 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.