Fortis Group Advisors LLC Sells 4,729 Shares of Cloudflare, Inc. $NET

Fortis Group Advisors LLC lowered its stake in Cloudflare, Inc. (NYSE:NET) by 29.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,368 shares of the company’s stock after selling 4,729 shares during the period. Fortis Group Advisors LLC’s holdings in Cloudflare were worth $2,241,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Physician Wealth Advisors Inc. boosted its holdings in Cloudflare by 693.3% in the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after acquiring an additional 104 shares in the last quarter. Wiser Advisor Group LLC bought a new stake in shares of Cloudflare during the 3rd quarter valued at $26,000. Westside Investment Management Inc. boosted its holdings in shares of Cloudflare by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after buying an additional 65 shares in the last quarter. Wexford Capital LP bought a new stake in shares of Cloudflare during the 3rd quarter valued at $30,000. Finally, Cloud Capital Management LLC bought a new stake in shares of Cloudflare during the 3rd quarter valued at $31,000. Institutional investors own 82.68% of the company’s stock.

Insider Transactions at Cloudflare

In other news, CEO Matthew Prince sold 52,384 shares of the company’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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michelle Zatlyn sold 25,641 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $172.76, for a total transaction of $4,429,739.16. Following the completion of the transaction, the insider owned 34,514 shares in the company, valued at approximately $5,962,638.64. This represents a 42.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 617,980 shares of company stock worth $122,082,219. Corporate insiders own 10.89% of the company’s stock.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare announced a collaboration with Anthropic to launch Cloudflare Environments for Claude Managed Agents, strengthening its role in AI infrastructure and secure developer tooling. Cloudflare Brings Secure, Scalable Sandboxes to Claude Managed Agents
• Positive Sentiment: Recent coverage highlighted Cloudflare’s AI-first pivot and 20% workforce reduction as a way to improve efficiency and support margin expansion while the company pushes new AI products. Cloudflare Reshapes Business With AI Pivot And 20% Workforce Cut
• Positive Sentiment: Cloudflare’s Q1 results beat expectations, with revenue and EPS both topping estimates, reinforcing the view that the company’s growth remains strong. Cloudflare (NET) Q1 Results Beat Expectations, But Market Reaction Tells A Mixed Story
• Neutral Sentiment: Analyst and sector commentary continues to group NET with other AI and big-data beneficiaries, which supports sentiment but does not reflect a company-specific catalyst. Invest in These 5 Big Data Behemoths to Gain From Wall Street Rally
• Negative Sentiment: Cloudflare’s CAO and CFO both sold shares recently, which can weigh on investor sentiment even though the transactions were made under pre-arranged 10b5-1 plans.
• Negative Sentiment: Opinion coverage suggested Cloudflare may replace some middle-management and operations roles with AI, raising concerns about restructuring pressure and the pace of workforce changes. Opinion | How I Choose Which Cloudflare Employees to Replace With AI

Cloudflare Stock Up 1.6%

NYSE:NET opened at $210.02 on Thursday. The firm has a market cap of $74.24 billion, a P/E ratio of -840.09 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. Cloudflare, Inc. has a fifty-two week low of $154.93 and a fifty-two week high of $260.00. The firm has a 50-day simple moving average of $207.53 and a two-hundred day simple moving average of $199.52.

Cloudflare (NYSE:NET) last issued its earnings results 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 firm had revenue of $639.76 million for the quarter, compared to the consensus estimate 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 revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NET shares. Piper Sandler restated an “overweight” rating and set a $250.00 target price (up from $222.00) on shares of Cloudflare in a report on Friday, May 8th. Robert W. Baird set a $260.00 target price on shares of Cloudflare and gave the company an “outperform” rating in a report on Wednesday, February 11th. Needham & Company LLC dropped their target price on shares of Cloudflare from $285.00 to $250.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. KeyCorp cut shares of Cloudflare from an “overweight” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a report on Monday, April 20th. Eighteen equities 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $236.68.

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.