Insider Selling: Cloudflare (NYSE:NET) CFO Sells $3,073,200.00 in Stock

Cloudflare, Inc. (NYSE:NET) CFO Thomas Seifert sold 10,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $307.32, for a total transaction of $3,073,200.00. Following the transaction, the chief financial officer directly owned 110,846 shares of the company’s stock, valued at approximately $34,065,192.72. This trade represents a 8.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Price Performance

Shares of NET opened at $293.16 on Friday. The firm has a 50-day simple moving average of $268.24 and a two-hundred day simple moving average of $227.45. The stock has a market cap of $103.62 billion, a PE ratio of -505.45, a P/E/G ratio of 166.64 and a beta of 1.65. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $332.22. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. The firm had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 EPS. 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, analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current year.

Hedge Funds Weigh In On Cloudflare

Several institutional investors have recently modified their holdings of NET. HM Payson & Co. purchased a new stake in shares of Cloudflare during the fourth quarter worth $25,000. Wiser Advisor Group LLC purchased a new position in Cloudflare in the third quarter valued at $26,000. C M Bidwell & Associates Ltd. acquired a new position in Cloudflare during the 2nd quarter worth $30,000. Wexford Capital LP acquired a new position in Cloudflare during the 3rd quarter worth $30,000. Finally, CX Institutional increased its holdings in Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Robert W. Baird set a $330.00 price target on Cloudflare in a research report on Friday, August 7th. UBS Group boosted their price objective on Cloudflare from $250.00 to $350.00 and gave the company a “neutral” rating in a report on Friday, August 7th. BTIG Research increased their target price on Cloudflare from $314.00 to $382.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Wells Fargo & Company raised their target price on Cloudflare from $300.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Barclays raised their target price on Cloudflare from $300.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $320.19.

Cloudflare Company 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.