Insider Selling: Cloudflare (NYSE:NET) Director Sells $33,117.00 in Stock

Cloudflare, Inc. (NYSE:NET) Director Mark Hawkins sold 133 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $249.00, for a total value of $33,117.00. Following the completion of the sale, the director directly owned 10,765 shares of the company’s stock, valued at $2,680,485. The trade was a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Stock Performance

NYSE NET opened at $242.14 on Friday. The company has a market cap of $85.59 billion, a P/E ratio of -968.56, a P/E/G ratio of 244.14 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. The business’s 50 day moving average price is $226.09 and its 200-day moving average price is $204.88. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $276.82.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $639.75 million for 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 quarter in the prior year, the firm posted $0.16 EPS. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Sell-side analysts predict that Cloudflare, Inc. will post 0.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NET. New Street Research restated a “market outperform” rating on shares of Cloudflare in a report on Monday, June 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research report on Monday, April 20th. Piper Sandler reissued an “overweight” rating on shares of Cloudflare in a research note on Wednesday, June 10th. Truist Financial boosted their target price on Cloudflare from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Cloudflare in a research note on Monday, June 15th. Twenty-one research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cloudflare has a consensus rating of “Moderate Buy” and an average target price of $241.35.

Institutional Investors Weigh In On Cloudflare

Hedge funds have recently made changes to their positions in the company. HM Payson & Co. purchased a new position in shares of Cloudflare during the fourth quarter valued at $25,000. Wiser Advisor Group LLC purchased a new stake in Cloudflare in the third quarter worth about $26,000. Wexford Capital LP bought a new position in Cloudflare during the 3rd quarter worth about $30,000. Ameriflex Group Inc. grew its holdings in Cloudflare by 105.6% during the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after acquiring an additional 76 shares in the last quarter. Finally, CX Institutional increased its position in Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 44 shares during the period. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

About Cloudflare

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.