Prospera Financial Services Inc Sells 3,239 Shares of Cloudflare, Inc. $NET

Prospera Financial Services Inc cut its holdings in Cloudflare, Inc. (NYSE:NET) by 65.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,699 shares of the company’s stock after selling 3,239 shares during the period. Prospera Financial Services Inc’s holdings in Cloudflare were worth $335,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Physician Wealth Advisors Inc. raised its position in shares of Cloudflare by 693.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after acquiring an additional 104 shares in the last quarter. Wiser Advisor Group LLC bought a new position in shares of Cloudflare in the 3rd quarter worth about $26,000. Westside Investment Management Inc. raised its position in shares of Cloudflare by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after acquiring an additional 65 shares in the last quarter. Wexford Capital LP bought a new position in shares of Cloudflare in the 3rd quarter worth about $30,000. Finally, Ameriflex Group Inc. raised its position in shares of Cloudflare by 105.6% in the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after acquiring an additional 76 shares in the last quarter. 82.68% of the stock is owned by institutional investors.

Insider Activity

In other Cloudflare news, CFO Thomas J. Seifert sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $200.61, for a total transaction of $2,006,100.00. Following the completion of the sale, the chief financial officer directly owned 212,014 shares of the company’s stock, valued at approximately $42,532,128.54. The trade was a 4.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $210.66, for a total value of $11,035,213.44. Following the sale, the chief executive officer directly owned 25,550 shares of the company’s stock, valued at $5,382,363. This represents a 67.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 585,862 shares of company stock worth $121,988,011. Company insiders own 10.89% of the company’s stock.

Analysts Set New Price Targets

NET has been the subject of several research analyst reports. Guggenheim lifted their price objective on Cloudflare from $117.00 to $140.00 and gave the stock a “sell” rating in a research report on Wednesday, February 11th. The Goldman Sachs Group lowered Cloudflare from a “buy” rating to a “sell” rating in a research report on Wednesday, April 15th. Zacks Research raised Cloudflare from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. BTIG Research reaffirmed a “buy” rating and issued a $243.00 target price on shares of Cloudflare in a research report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research report on Monday, April 20th. Eighteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $236.68.

Cloudflare Stock Performance

Shares of NET opened at $241.82 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a 50 day moving average price of $208.57 and a two-hundred day moving average price of $198.67. The firm has a market capitalization of $85.48 billion, a P/E ratio of -967.27 and a beta of 1.70. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $260.00.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $639.76 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 33.5% on a year-over-year basis. During the same period in the previous year, the company posted $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.

Cloudflare 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.