United Asset Strategies Inc. Purchases 3,082 Shares of Cloudflare, Inc. $NET

United Asset Strategies Inc. acquired a new position in Cloudflare, Inc. (NYSE:NET) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,082 shares of the company’s stock, valued at approximately $1,070,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Choreo LLC raised its holdings in Cloudflare by 4.5% during the 3rd quarter. Choreo LLC now owns 7,376 shares of the company’s stock valued at $2,562,000 after acquiring an additional 316 shares during the period. Interchange Capital Partners LLC boosted its holdings in shares of Cloudflare by 23.6% in the third quarter. Interchange Capital Partners LLC now owns 1,148 shares of the company’s stock worth $399,000 after acquiring an additional 219 shares during the period. Childress Capital Advisors LLC purchased a new position in shares of Cloudflare in the third quarter valued at $268,000. BOKF NA grew its position in shares of Cloudflare by 226.5% in the third quarter. BOKF NA now owns 8,784 shares of the company’s stock valued at $3,051,000 after purchasing an additional 6,094 shares in the last quarter. Finally, Motley Fool Asset Management LLC grew its position in shares of Cloudflare by 6.8% in the third quarter. Motley Fool Asset Management LLC now owns 25,710 shares of the company’s stock valued at $8,929,000 after purchasing an additional 1,645 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NET. Cantor Fitzgerald reiterated a “neutral” rating and set a $340.00 price objective on shares of Cloudflare in a research note on Monday, October 5th. Needham & Company LLC raised their target price on Cloudflare from $280.00 to $380.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Oppenheimer lifted their target price on Cloudflare from $380.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, October 9th. DZ Bank lowered Cloudflare from a “strong-buy” rating to a “strong sell” rating in a report on Friday, August 7th. Finally, Wells Fargo & Company upped their price target on Cloudflare from $380.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $333.70.

Cloudflare Stock Down 9.8%

Shares of NYSE:NET opened at $279.86 on Friday. The firm has a fifty day moving average price of $320.77 and a two-hundred day moving average price of $247.79. The company has a market cap of $98.92 billion, a price-to-earnings ratio of -482.52, a PEG ratio of 246.79 and a beta of 1.65. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $370.35.

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

Insider Activity at Cloudflare

In other Cloudflare 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Carl Ledbetter sold 5,000 shares of Cloudflare stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $304.40, for a total value of $1,522,000.00. Following the sale, the director owned 868,073 shares of the company’s stock, valued at approximately $264,241,421.20. This trade represents a 0.57% 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 quarter, insiders sold 476,339 shares of company stock valued at $143,439,267. Company insiders own 10.66% of the company’s stock.

Cloudflare Profile

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

The company’s offerings include content delivery and authoritative domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.