Cloudflare (NYSE:NET) Director Carl Ledbetter Sells 15,000 Shares of Stock

Cloudflare, Inc. (NYSE:NET) Director Carl Ledbetter sold 15,000 shares of Cloudflare stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $227.05, for a total transaction of $3,405,750.00. Following the completion of the transaction, the director directly owned 938,073 shares in the company, valued at approximately $212,989,474.65. This represents a 1.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Carl Ledbetter also recently made the following trade(s):

• On Tuesday, January 27th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The shares were sold at an average price of $211.16, for a total transaction of $3,167,400.00.
• On Monday, January 5th, Carl Ledbetter sold 6,134 shares of Cloudflare stock. The stock was sold at an average price of $198.26, for a total transaction of $1,216,126.84.
• On Tuesday, December 30th, Carl Ledbetter sold 192 shares of Cloudflare stock. The stock was sold at an average price of $201.25, for a total transaction of $38,640.00.
• On Monday, December 29th, Carl Ledbetter sold 8,674 shares of Cloudflare stock. The shares were sold at an average price of $201.46, for a total transaction of $1,747,464.04.

Cloudflare Trading Down 2.8%

Shares of NYSE:NET opened at $215.14 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.98 and a current ratio of 1.98. The stock’s 50-day moving average is $187.69 and its 200-day moving average is $203.31. The company has a market cap of $75.36 billion, a P/E ratio of -741.85 and a beta of 1.98. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00.

Cloudflare (NYSE:NET) last announced its earnings results on Tuesday, February 10th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $614.51 million during the quarter, compared to the consensus estimate of $591.67 million. Cloudflare had a negative return on equity of 7.24% and a negative net margin of 4.72%.The firm’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 EPS. Equities research analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On Cloudflare

A number of hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in Cloudflare in the fourth quarter valued at about $718,316,000. Jennison Associates LLC lifted its stake in Cloudflare by 802.6% during the fourth quarter. Jennison Associates LLC now owns 1,863,612 shares of the company’s stock worth $367,411,000 after purchasing an additional 1,657,144 shares during the period. Corient Private Wealth LLC lifted its stake in Cloudflare by 4,042.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock worth $275,887,000 after purchasing an additional 1,365,598 shares during the period. Groupama Asset Managment acquired a new stake in Cloudflare during the second quarter valued at approximately $225,204,000. Finally, Vanguard Group Inc. grew its stake in shares of Cloudflare by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company’s stock valued at $6,934,958,000 after purchasing an additional 821,684 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. TD Cowen reaffirmed a “buy” rating on shares of Cloudflare in a research report on Tuesday, January 27th. Zacks Research upgraded shares of Cloudflare from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a report on Wednesday, January 21st. Jefferies Financial Group upped their price objective on shares of Cloudflare from $185.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, February 11th. Finally, KeyCorp reiterated an “overweight” rating on shares of Cloudflare in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Cloudflare has a consensus rating of “Moderate Buy” and an average price target of $233.38.

Trending Headlines about Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Reports that Coinbase and other firms are competing to use Cloudflare’s infrastructure for a new AI‑stablecoin / agent payments project drove investor enthusiasm by linking Cloudflare to AI monetization and crypto payments. Read More.
• Positive Sentiment: Cloudflare expanded its enterprise security footprint via a deeper partnership with SentinelOne to integrate Singularity SIEM telemetry with Cloudflare’s network — a deal that could increase cross‑sell into larger security contracts. Read More.
• Positive Sentiment: Momentum/flow signals and short‑term technical buying attracted momentum traders during the rally, contributing to prior gains. Read More.
• Neutral Sentiment: Market commentary frames Cloudflare’s stablecoin idea as a plausible strategic extension tied to AI agents, but analysts caution it’s early and unconfirmed — upside depends on execution. Read More.
• Neutral Sentiment: Wall Street coverage remains mostly constructive (many Buy/Outperform ratings and a mid‑$200s target consensus), which supports longer‑term sentiment but is not a fresh catalyst. Read More.
• Negative Sentiment: Large insider selling (CEO Matthew Prince sold multiple blocks this week and a director also sold shares) is a clear headwind — it can prompt short‑term selling and make some investors wary even as headlines remain positive. Read More. • Read More.
• Negative Sentiment: Broader market technical weakness and profit‑taking after a sharp multi‑week rally increase downside risk for high‑beta, narrative stocks like NET. Read More.

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.