Eurizon Capital SGR S.p.A. Purchases New Stake in Cloudflare, Inc. $NET

Eurizon Capital SGR S.p.A. purchased a new stake in shares of Cloudflare, Inc. (NYSE:NET) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 54,867 shares of the company’s stock, valued at approximately $10,821,000.

Other institutional investors also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. grew its position in Cloudflare by 693.3% during the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after buying an additional 104 shares during the period. Wiser Advisor Group LLC purchased a new stake in Cloudflare during the third quarter valued at about $26,000. Westside Investment Management Inc. lifted its holdings in Cloudflare by 100.0% during the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after purchasing an additional 65 shares during the last quarter. Wexford Capital LP purchased a new stake in Cloudflare during the third quarter valued at about $30,000. Finally, Ameriflex Group Inc. lifted its holdings in Cloudflare by 105.6% during the third 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 last quarter. Institutional investors own 82.68% of the company’s stock.

Cloudflare Price Performance

NET stock opened at $241.82 on Monday. The firm has a 50 day moving average of $208.57 and a 200-day moving average of $198.67. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $260.00. The firm has a market capitalization of $85.48 billion, a P/E ratio of -967.27 and a beta of 1.70.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $639.76 million during the quarter, compared to analyst estimates of $620.83 million. During the same period last year, the business earned $0.16 earnings per share. Cloudflare’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.

Insider Buying and Selling

In other news, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $209.08, for a total value of $10,952,446.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michelle Zatlyn sold 35,080 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the completion of the transaction, the insider owned 47,425 shares of the company’s stock, valued at $10,148,001.50. This trade represents a 42.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 585,862 shares of company stock valued at $121,988,011 over the last 90 days. 10.89% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Scotiabank dropped their price objective on shares of Cloudflare from $255.00 to $225.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 11th. Zacks Research raised shares of Cloudflare from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. BTIG Research reaffirmed a “buy” rating and set a $243.00 price objective on shares of Cloudflare in a report on Friday, May 8th. Mizuho dropped their price objective on shares of Cloudflare from $255.00 to $235.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. Finally, Susquehanna upped their price objective on shares of Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Eighteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.68.

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.