Cloudflare, Inc. $NET Stock Holdings Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in shares of Cloudflare, Inc. (NYSE:NET) by 22.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,057,265 shares of the company’s stock after selling 304,337 shares during the period. Bank of New York Mellon Corp’s holdings in Cloudflare were worth $208,440,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Wiser Advisor Group LLC acquired a new position in shares of Cloudflare during the third quarter worth approximately $26,000. Westside Investment Management Inc. boosted its position in shares of Cloudflare by 100.0% during the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after buying an additional 65 shares during the period. Wexford Capital LP acquired a new position in shares of Cloudflare during the third quarter worth approximately $30,000. Ameriflex Group Inc. boosted its position in shares of Cloudflare by 105.6% during the third quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after buying an additional 76 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in shares of Cloudflare by 55.4% during the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after buying an additional 56 shares during the period. Institutional investors own 82.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. BTIG Research restated a “buy” rating and set a $243.00 price objective on shares of Cloudflare in a research note on Friday, May 8th. Robert W. Baird set a $260.00 price objective on shares of Cloudflare and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Needham & Company LLC cut their price objective on shares of Cloudflare from $285.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Morgan Stanley restated an “overweight” rating and set a $305.00 price objective on shares of Cloudflare in a research note on Thursday. Finally, Zacks Research upgraded shares of Cloudflare from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. Eighteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $239.08.

Cloudflare Stock Down 6.8%

NET stock opened at $250.35 on Friday. The firm has a 50 day simple moving average of $213.32 and a 200 day simple moving average of $200.38. The firm has a market cap of $88.49 billion, a PE ratio of -1,001.40 and a beta of 1.70. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $276.82.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $639.76 million for 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%.Cloudflare’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 earnings per share. 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 Activity at Cloudflare

In other news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $210.02, for a total value of $11,001,687.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of Cloudflare stock in a transaction that occurred on Friday, May 22nd. The stock was 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 directly owned 47,425 shares in the company, valued at approximately $10,148,001.50. This trade represents a 42.52% decrease in their ownership of the stock. 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. Over the last three months, insiders sold 527,491 shares of company stock worth $111,729,711. 10.89% of the stock is currently owned by insiders.

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.