WD Rutherford LLC Has $1.95 Million Position in Cloudflare, Inc. $NET

WD Rutherford LLC grew its holdings in Cloudflare, Inc. (NYSE:NET) by 101.1% in the first quarter, Holdings Channel.com reports. The firm owned 9,434 shares of the company’s stock after purchasing an additional 4,742 shares during the period. WD Rutherford LLC’s holdings in Cloudflare were worth $1,947,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. HM Payson & Co. acquired a new position in Cloudflare during the fourth quarter valued at $25,000. Wiser Advisor Group LLC purchased a new position in Cloudflare during the 3rd quarter valued at about $26,000. Wexford Capital LP purchased a new position in Cloudflare during the 3rd quarter valued at about $30,000. Ameriflex Group Inc. increased its holdings in shares of Cloudflare by 105.6% in the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock valued at $32,000 after purchasing an additional 76 shares during the period. Finally, Brown Brothers Harriman & Co. increased its holdings 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 purchasing an additional 56 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Trading Up 0.5%

Shares of NYSE:NET opened at $246.41 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $87.10 billion, a PE ratio of -985.64, a P/E/G ratio of 247.03 and a beta of 1.67. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $276.82. The firm has a fifty day moving average price of $224.70 and a 200 day moving average price of $204.34.

Cloudflare (NYSE:NET) last posted its 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. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. During the same period last year, the company earned $0.16 earnings per share. The business’s 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. Analysts expect that Cloudflare, Inc. will post 0.02 EPS for the current fiscal year.

Insider Transactions at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $210.02, for a total transaction of $11,001,687.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of the 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 transaction, the insider owned 47,425 shares in the company, valued at approximately $10,148,001.50. This trade represents a 42.52% 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. In the last three months, insiders have sold 566,112 shares of company stock worth $121,310,716. 10.66% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on NET shares. Morgan Stanley restated an “overweight” rating and set a $305.00 price target on shares of Cloudflare in a report on Thursday, June 4th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $230.00 price objective (up from $224.00) on shares of Cloudflare in a research note on Wednesday, June 10th. New Street Research reiterated a “market outperform” rating on shares of Cloudflare in a research report on Monday, June 15th. Guggenheim reissued a “sell” rating and set a $140.00 target price on shares of Cloudflare in a research note on Wednesday, June 10th. Finally, Mizuho boosted their price target on shares of Cloudflare from $235.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Twenty-one investment 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.com, Cloudflare currently has an average 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.