Catalyst Capital Advisors LLC Takes $477,000 Position in Cloudflare, Inc. $NET

Catalyst Capital Advisors LLC bought a new stake in Cloudflare, Inc. (NYSE:NET) in the second quarter, Holdings Channel reports. The institutional investor bought 1,945 shares of the company’s stock, valued at approximately $477,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Cloudflare by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock valued at $6,389,167,000 after buying an additional 90,397 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Cloudflare by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock worth $1,184,044,000 after acquiring an additional 241,981 shares during the period. Jennison Associates LLC boosted its position in shares of Cloudflare by 135.8% during the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after acquiring an additional 2,530,872 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Cloudflare by 1.6% during the 4th quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock valued at $792,377,000 after acquiring an additional 63,198 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Cloudflare by 1.3% in the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock valued at $850,792,000 after acquiring an additional 49,485 shares during the period. 82.68% of the stock is owned by institutional investors.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 35,080 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was 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 of the company’s stock, valued at approximately $10,148,001.50. The trade was a 42.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,422 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $249.09, for a total value of $13,057,795.98. 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 quarter, insiders sold 748,719 shares of company stock worth $183,992,198. 10.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Susquehanna raised their price target on shares of Cloudflare from $200.00 to $300.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Wells Fargo & Company upped their price objective on Cloudflare from $300.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Guggenheim increased their target price on Cloudflare from $140.00 to $160.00 and gave the stock a “sell” rating in a report on Friday, August 7th. KeyCorp boosted their price target on Cloudflare from $300.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Citizens Jmp upped their price target on Cloudflare from $330.00 to $394.00 and gave the company a “market outperform” rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $320.19.

Cloudflare Stock Performance

NYSE NET opened at $315.63 on Friday. The firm has a market cap of $111.56 billion, a price-to-earnings ratio of -544.19, a PEG ratio of 204.57 and a beta of 1.65. The company has a 50 day moving average of $261.98 and a 200-day moving average of $223.72. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $332.22.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. The business had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.Cloudflare’s revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. On average, equities analysts forecast that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

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.