Archer Investment Corp Makes New $598,000 Investment in Cloudflare, Inc. $NET

Archer Investment Corp bought a new position in Cloudflare, Inc. (NYSE:NET) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,900 shares of the company’s stock, valued at approximately $598,000.

A number of other large investors have also made changes to their positions in the company. HM Payson & Co. purchased a new stake in shares of Cloudflare in the 4th quarter valued at approximately $25,000. Wiser Advisor Group LLC purchased a new position in Cloudflare during the 3rd quarter worth approximately $26,000. Wexford Capital LP purchased a new position in Cloudflare during the 3rd quarter worth approximately $30,000. Brown Brothers Harriman & Co. raised its stake in Cloudflare by 55.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after purchasing an additional 56 shares during the period. Finally, Rachor Investment Advisory Services LLC acquired a new stake in Cloudflare during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Trading Up 0.5%

Cloudflare stock opened at $269.81 on Tuesday. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $280.14. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The stock has a market cap of $95.37 billion, a P/E ratio of -1,079.24, a P/E/G ratio of 270.32 and a beta of 1.67. The company’s fifty day simple moving average is $233.19 and its 200-day simple moving average is $207.91.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $639.75 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%.Cloudflare’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same period last year, the company 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, sell-side analysts forecast that Cloudflare, Inc. will post 0.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Royal Bank Of Canada raised their target price on Cloudflare from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Raymond James Financial initiated coverage on Cloudflare in a research report on Tuesday, July 7th. They set a “strong-buy” rating on the stock. Stifel Nicolaus set a $260.00 price objective on Cloudflare in a research note on Friday, May 8th. Benchmark lowered Cloudflare to an “underperform” rating in a research report on Tuesday, July 7th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $230.00 price objective (up from $224.00) on shares of Cloudflare in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $249.81.

Insider Activity

In other news, insider Michelle Zatlyn sold 35,080 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 47,425 shares of the company’s stock, valued at $10,148,001.50. This trade represents a 42.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,422 shares of Cloudflare stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $249.09, for a total value of $13,057,795.98. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 626,185 shares of company stock worth $139,810,855. Insiders own 10.66% of the company’s stock.

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.