Williamson Legacy Group LLC Grows Stock Position in Cloudflare, Inc. $NET

by · The Cerbat Gem

Williamson Legacy Group LLC grew its position in Cloudflare, Inc. (NYSE:NET – Free Report) by 40.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,021 shares of the company’s stock after acquiring an additional 2,881 shares during the quarter. Cloudflare comprises 1.5% of Williamson Legacy Group LLC’s holdings, making the stock its 24th largest position. Williamson Legacy Group LLC’s holdings in Cloudflare were worth $1,976,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Cloudflare by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock valued at $6,389,167,000 after acquiring an additional 90,397 shares in the last quarter. Invesco Ltd. lifted its position in shares of Cloudflare by 1.3% in the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock valued at $850,792,000 after acquiring an additional 49,485 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Cloudflare by 4.9% in the fourth quarter. Legal & General Group Plc now owns 2,824,772 shares of the company’s stock valued at $556,904,000 after acquiring an additional 131,127 shares in the last quarter. Groupama Asset Managment lifted its position in shares of Cloudflare by 82.6% in the third quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock valued at $450,639,000 after acquiring an additional 950,000 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Cloudflare by 1.2% in the third quarter. Northern Trust Corp now owns 1,909,120 shares of the company’s stock valued at $409,678,000 after acquiring an additional 21,715 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Price Performance

NYSE:NET opened at $218.05 on Wednesday. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $260.00. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a market cap of $77.07 billion, a PE ratio of -872.20 and a beta of 1.67. The stock has a 50 day moving average price of $207.88 and a 200 day moving average price of $198.82.

Cloudflare (NYSE:NET – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The firm had revenue of $639.76 million during the quarter, compared to analysts’ expectations of $620.83 million. During the same quarter last year, the firm earned $0.16 earnings per share. The business’s revenue for the quarter was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NET. Susquehanna raised their target price on Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. DZ Bank upgraded Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a research report on Friday, February 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $250.00 price target (up from $222.00) on shares of Cloudflare in a report on Friday, May 8th. KeyCorp cut Cloudflare from an “overweight” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, Stifel Nicolaus set a $260.00 price target on Cloudflare in a report on Friday, May 8th. Eighteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $236.68.

View Our Latest Research Report on NET

Insider Transactions at Cloudflare

In other Cloudflare news, Director Carl Ledbetter sold 15,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $238.12, for a total transaction of $3,571,800.00. Following the completion of the sale, the director owned 908,073 shares of the company’s stock, valued at $216,230,342.76. This trade represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $210.66, for a total value of $11,035,213.44. Following the sale, the chief executive officer directly owned 25,550 shares of the company’s stock, valued at approximately $5,382,363. This trade represents a 67.22% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 577,525 shares of company stock valued at $118,153,351. 10.89% of the stock is currently owned by company insiders.

About Cloudflare

(Free Report)

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.

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