SG Americas Securities LLC Sells 106,172 Shares of Cloudflare, Inc. $NET

SG Americas Securities LLC decreased its position in Cloudflare, Inc. (NYSE:NET) by 52.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,718 shares of the company’s stock after selling 106,172 shares during the quarter. SG Americas Securities LLC’s holdings in Cloudflare were worth $19,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the business. HM Payson & Co. purchased a new position in shares of Cloudflare during the fourth quarter valued at approximately $25,000. Wiser Advisor Group LLC purchased a new position in shares of Cloudflare during the third quarter valued at $26,000. Wexford Capital LP purchased a new position in Cloudflare during the 3rd quarter valued at about $30,000. Ameriflex Group Inc. raised its stake in Cloudflare by 105.6% in the third quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after buying an additional 76 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in shares of Cloudflare by 55.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after acquiring an additional 56 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Cloudflare Stock Performance

NYSE NET opened at $222.63 on Thursday. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $276.82. The stock has a 50-day moving average of $220.16 and a two-hundred day moving average of $203.20. The company has a market cap of $78.69 billion, a P/E ratio of -890.53, a P/E/G ratio of 226.55 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 (NYSE:NET) last released its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same period in the prior 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. As a group, analysts anticipate that Cloudflare, Inc. will post 0.02 EPS for the current year.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare announced a collaboration with Mozilla, Google, and Microsoft to help standardize privacy-preserving methods for distinguishing human traffic from AI/bot traffic, highlighting its role in a major internet infrastructure problem and potentially expanding demand for its security and traffic-management tools. Cloudflare (NET) Launches Browser Push To Sort Human And AI Traffic
• Positive Sentiment: Cloudflare and beehiiv launched AI Crawl Controls for independent publishers, giving creators simple controls over whether AI systems can scrape or discover their content; this strengthens Cloudflare’s AI monetization and content-control strategy. Cloudflare and beehiiv Introduce AI Crawl Controls to Help Independent Publishers Navigate the AI Era
• Positive Sentiment: Brokerage coverage noted a “Moderate Buy” consensus rating, reinforcing that Wall Street remains constructive on Cloudflare’s growth outlook. Cloudflare, Inc. (NYSE:NET) Receives Consensus Rating of “Moderate Buy” from Brokerages
• Neutral Sentiment: Several articles framed Cloudflare as benefiting from rising AI demand and growing investor attention, but these were mostly commentary pieces rather than new hard fundamentals. Cloudflare (NYSE:NET): Is AI Demand Fueling Fresh Market Attention?
• Negative Sentiment: CEO Matthew Prince sold 52,384 shares in two disclosed transactions under a pre-arranged 10b5-1 plan. While routine, insider selling can still create some near-term pressure on sentiment. SEC filing for Matthew Prince transaction
• Negative Sentiment: A second CEO sale of the same size was also disclosed, adding to investor focus on insider selling even though it was executed under a planned trading program. SEC filing for Matthew Prince transaction

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Truist Financial increased their price objective on Cloudflare from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Citigroup reiterated a “market outperform” rating on shares of Cloudflare in a research note on Monday, June 15th. Royal Bank Of Canada lifted their price target on Cloudflare from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Jefferies Financial Group began coverage on shares of Cloudflare in a research report on Wednesday, April 15th. They issued a “buy” rating for the company. Finally, Piper Sandler reissued an “overweight” rating on shares of Cloudflare in a research note on Wednesday, June 10th. Twenty-one research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $241.35.

Insider Buying and Selling at Cloudflare

In related news, Director John Graham-Cumming sold 2,520 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $235.95, for a total value of $594,594.00. Following the completion of the sale, the director owned 494,067 shares in the company, valued at $116,575,108.65. This represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $232.39, for a total value of $2,323,900.00. Following the sale, the chief financial officer directly owned 116,733 shares of the company’s stock, valued at approximately $27,127,581.87. This represents a 7.89% 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 have sold 566,245 shares of company stock valued at $121,338,593. 10.66% of the stock is 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.