Carl Ledbetter Sells 5,000 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) Director Carl Ledbetter sold 5,000 shares of Cloudflare stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $268.11, for a total transaction of $1,340,550.00. Following the completion of the sale, the director directly owned 888,073 shares of the company’s stock, valued at approximately $238,101,252.03. The trade was a 0.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, May 5th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The stock was sold at an average price of $238.12, for a total transaction of $3,571,800.00.
• On Friday, May 1st, Carl Ledbetter sold 5,009 shares of Cloudflare stock. The shares were sold at an average price of $215.82, for a total transaction of $1,081,042.38.
• On Tuesday, April 28th, Carl Ledbetter sold 9,991 shares of Cloudflare stock. The shares were sold at an average price of $215.85, for a total transaction of $2,156,557.35.

Cloudflare Stock Up 1.7%

Shares of NYSE NET traded up $4.54 during mid-day trading on Wednesday, reaching $273.37. 3,688,772 shares of the company’s stock traded hands, compared to its average volume of 4,490,857. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The business has a 50-day simple moving average of $228.18 and a 200 day simple moving average of $205.84. The stock has a market cap of $96.63 billion, a P/E ratio of -1,093.47, a PEG ratio of 249.32 and a beta of 1.67. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $276.82.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The company had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. During the same quarter in the prior year, the business posted $0.16 EPS. The firm’s revenue was up 33.5% compared to the same quarter last year. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, analysts expect that Cloudflare, Inc. will post 0.02 EPS for the current fiscal year.

Analysts Set New Price Targets

NET has been the subject of several analyst reports. Stifel Nicolaus set a $260.00 price objective on Cloudflare in a research note on Friday, May 8th. Jefferies Financial Group downgraded shares of Cloudflare from a “buy” rating to a “hold” rating in a report on Tuesday. Susquehanna upped their target price on shares of Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Barclays reiterated an “overweight” rating and issued a $250.00 target price on shares of Cloudflare in a report on Monday, June 1st. Finally, Royal Bank Of Canada raised their price target on shares of Cloudflare from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $244.23.

Cloudflare News Roundup

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Scotiabank upgraded Cloudflare to Sector Outperform and raised its price target to $300, citing stronger long-term AI growth opportunities and improved confidence in the company’s outlook. Scotiabank Upgrades Cloudflare (NYSE:NET) to Sector Outperform
• Positive Sentiment: Cloudflare and OpenAI announced a research pilot for AI search indexing, which could strengthen Cloudflare’s positioning in AI infrastructure and web traffic management. Cloudflare, OpenAI team up to launch research pilot for AI search indexing
• Neutral Sentiment: Cloudflare disclosed insider sales by CEO Matthew Prince and director John Graham-Cumming, but the transactions were made under pre-arranged Rule 10b5-1 trading plans, making them less informative about near-term fundamentals.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. HM Payson & Co. bought a new stake in shares of Cloudflare during the 4th quarter worth $25,000. Wiser Advisor Group LLC bought a new position in Cloudflare during the third quarter valued at about $26,000. Wexford Capital LP bought a new position in Cloudflare during the third quarter valued at about $30,000. Ameriflex Group Inc. increased its holdings in Cloudflare by 105.6% during the third quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after buying an additional 76 shares during the last quarter. Finally, CX Institutional increased its holdings in Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after buying an additional 44 shares during the last quarter. Institutional investors own 82.68% of the company’s stock.

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.