Bank Julius Baer & Co. Ltd Zurich Purchases 27,202 Shares of Cloudflare, Inc. $NET

Bank Julius Baer & Co. Ltd Zurich increased its holdings in Cloudflare, Inc. (NYSE:NET) by 275.6% in the fourth quarter, Holdings Channel reports. The fund owned 37,072 shares of the company’s stock after purchasing an additional 27,202 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Cloudflare were worth $7,348,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Western Wealth Management LLC raised its holdings in shares of Cloudflare by 2.7% in the 4th quarter. Western Wealth Management LLC now owns 8,495 shares of the company’s stock valued at $1,675,000 after purchasing an additional 223 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Cloudflare by 43.3% during the fourth quarter. Allworth Financial LP now owns 2,835 shares of the company’s stock valued at $559,000 after purchasing an additional 857 shares in the last quarter. Castle Rock Wealth Management LLC increased its holdings in Cloudflare by 2.1% during the fourth quarter. Castle Rock Wealth Management LLC now owns 13,262 shares of the company’s stock valued at $2,615,000 after buying an additional 272 shares during the period. Proactive Wealth Strategies LLC increased its holdings in Cloudflare by 1.3% during the fourth quarter. Proactive Wealth Strategies LLC now owns 10,750 shares of the company’s stock valued at $2,119,000 after buying an additional 135 shares during the period. Finally, Navalign LLC bought a new position in Cloudflare in the fourth quarter worth approximately $69,000. 82.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research report on Monday, April 20th. Stifel Nicolaus set a $260.00 price target on Cloudflare in a research report on Friday, May 8th. BTIG Research restated a “buy” rating and set a $243.00 price objective on shares of Cloudflare in a research note on Friday, May 8th. Robert W. Baird set a $260.00 price objective on Cloudflare and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Finally, KeyCorp downgraded shares of Cloudflare from an “overweight” rating to a “hold” rating in a report on Wednesday, April 15th. Eighteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Cloudflare has an average rating of “Moderate Buy” and an average price target of $236.68.

Insider Activity

In related news, insider Michelle Zatlyn sold 25,641 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $209.15, for a total value of $5,362,815.15. Following the sale, the insider owned 34,514 shares in the company, valued at $7,218,603.10. This represents a 42.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Graham-Cumming sold 2,520 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $221.58, for a total transaction of $558,381.60. Following the completion of the transaction, the director owned 494,067 shares in the company, valued at approximately $109,475,365.86. This trade represents a 0.51% 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. Over the last three months, insiders have sold 636,246 shares of company stock valued at $125,320,379. 10.89% of the stock is owned by insiders.

Cloudflare Stock Performance

Shares of NET stock opened at $199.36 on Friday. The firm has a market capitalization of $70.17 billion, a price-to-earnings ratio of -797.42 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.98. The business has a fifty day moving average of $206.72 and a 200 day moving average of $200.11. Cloudflare, Inc. has a 1 year low of $150.59 and a 1 year high of $260.00.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $639.76 million for the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 EPS. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. As a group, research analysts expect that Cloudflare, Inc. will post -0.1 earnings per share for the current year.

About Cloudflare

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.