Sax Wealth Advisors LLC Makes New $583,000 Investment in Cloudflare, Inc. $NET

Sax Wealth Advisors LLC acquired a new position in Cloudflare, Inc. (NYSE:NET) in the third quarter, HoldingsChannel reports. The institutional investor acquired 1,678 shares of the company’s stock, valued at approximately $583,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jennison Associates LLC lifted its stake in shares of Cloudflare by 135.8% during the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after buying an additional 2,530,872 shares in the last quarter. Amundi boosted its holdings in Cloudflare by 2.0% in the 1st quarter. Amundi now owns 1,707,256 shares of the company’s stock worth $352,275,000 after buying an additional 32,804 shares during the period. Corient Private Wealth LLC boosted its holdings in Cloudflare by 4,042.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock worth $275,887,000 after buying an additional 1,365,598 shares during the period. Pictet Asset Management Holding SA increased its stake in Cloudflare by 17.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock worth $284,900,000 after buying an additional 206,506 shares in the last quarter. Finally, National Pension Service increased its stake in Cloudflare by 1.6% in the 2nd quarter. National Pension Service now owns 959,987 shares of the company’s stock worth $235,466,000 after buying an additional 15,546 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NET has been the topic of a number of recent analyst reports. Wall Street Zen cut Cloudflare from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. Citigroup restated a “market outperform” rating on shares of Cloudflare in a research report on Monday, August 31st. Deutsche Bank Aktiengesellschaft raised Cloudflare to a “buy” rating in a research note on Tuesday, July 7th. Raymond James Financial initiated coverage on Cloudflare in a research report on Tuesday, July 7th. They set a “strong-buy” rating for the company. Finally, Zacks Research downgraded Cloudflare from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $330.59.

Cloudflare Price Performance

Shares of NYSE:NET opened at $314.76 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a fifty day moving average price of $319.61 and a 200 day moving average price of $263.78. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $370.35. The firm has a market cap of $111.26 billion, a price-to-earnings ratio of -542.69, a P/E/G ratio of 257.95 and a beta of 1.65.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. Cloudflare’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period last year, the company posted $0.21 earnings per share. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. As a group, sell-side analysts expect that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Cloudflare

In other news, CFO Thomas J. Seifert sold 55,000 shares of Cloudflare stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total value of $16,516,500.00. Following the sale, the chief financial officer directly owned 113,790 shares of the company’s stock, valued at approximately $34,171,137. The trade was a 32.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $294.63, for a total value of $9,723,673.89. Following the completion of the sale, the insider directly owned 69,775 shares in the company, valued at $20,557,808.25. This trade represents a 32.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 458,839 shares of company stock valued at $138,172,392 in the last 90 days. Insiders own 10.66% of the company’s stock.

Cloudflare Profile

Cloudflare, Inc is a connectivity cloud company that provides services designed to help organizations make their websites, applications and networks more secure, reliable and faster. Its global network sits between users and the services they access, supporting content delivery, domain name system services, traffic optimization and protection against distributed denial-of-service attacks and other online threats.

The company offers a range of application and network security products, including web application firewalls, bot management, application programming interface protection, zero-trust security and secure access services.