Cloudflare (NYSE:NET) Director John Graham-Cumming Sells 2,520 Shares of Stock

Cloudflare, Inc. (NYSE:NET) Director John Graham-Cumming sold 2,520 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $303.97, for a total transaction of $766,004.40. Following the completion of the sale, the director directly owned 494,909 shares in the company, valued at $150,437,488.73. This trade represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Graham-Cumming also recently made the following trade(s):

• On Monday, July 6th, John Graham-Cumming sold 2,520 shares of Cloudflare stock. The shares were sold at an average price of $247.28, for a total transaction of $623,145.60.
• On Monday, June 15th, John Graham-Cumming sold 2,520 shares of Cloudflare stock. The stock was sold at an average price of $235.95, for a total transaction of $594,594.00.

Cloudflare Price Performance

Shares of Cloudflare stock traded down $3.49 during trading on Tuesday, hitting $307.10. 6,071,126 shares of the company’s stock traded hands, compared to its average volume of 4,372,793. The company has a market cap of $108.55 billion, a PE ratio of -529.48, a PEG ratio of 207.29 and a beta of 1.65. The firm’s fifty day moving average price is $257.82 and its 200 day moving average price is $220.02. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $324.73. 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 posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The firm had revenue of $696.06 million during 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 company’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. Analysts forecast that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Institutional Investors Weigh In On Cloudflare

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HM Payson & Co. bought a new position in shares of Cloudflare in the fourth quarter worth about $25,000. Wiser Advisor Group LLC bought a new stake in shares of Cloudflare during the third quarter valued at approximately $26,000. Wexford Capital LP acquired a new stake in shares of Cloudflare in the third quarter valued at approximately $30,000. CX Institutional increased its holdings in shares of Cloudflare by 49.4% in the second quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 44 shares in the last quarter. Finally, Cape Investment Advisory Inc. bought a new position in Cloudflare in the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Government business expanded: Cloudflare for Government received FedRAMP High certification and GovRAMP Moderate authorization. The approvals broaden its ability to sell integrated security, performance, AI and developer services to federal, state and local governments, defense organizations and other regulated customers. The company intends to pursue Department of Defense Impact Level 4 clearance next. Cloudflare Achieves FedRAMP High Authorization
• Positive Sentiment: AI growth and analyst support: Coverage highlights rising demand for AI security, agentic AI and Cloudflare’s developer platform, while large-customer growth continues to support the company’s outlook. Susquehanna raised its price target to $300, and other recent reports cited targets of $333, $346 and $380, reflecting continued Wall Street optimism after Cloudflare’s second-quarter results. Cloudflare Surges 65% in 3 Months
• Neutral Sentiment: Strong operating momentum: Cloudflare recently reported revenue of $696.1 million, up 35.9% year over year, and adjusted EPS of $0.29 versus an estimated $0.27. The results reinforce the AI and edge-computing growth narrative, although the company remains unprofitable on a GAAP basis.
• Negative Sentiment: Convertible-note offering may weigh on shares: Cloudflare priced $2.175 billion of 0% convertible senior notes due 2031, with an option for additional notes. Although the financing carries no cash interest, future conversion could dilute existing shareholders and signals substantial capital needs. Cloudflare Announces Pricing of Convertible Notes
• Negative Sentiment: Valuation and losses remain concerns: Cloudflare trades at very demanding earnings multiples, while its GAAP operating loss has widened significantly. Susquehanna maintained a neutral rating despite its target increase, implying limited upside at recent levels and leaving NET vulnerable to profit-taking if growth or margins disappoint.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NET shares. KeyCorp increased their target price on Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $250.00 price target on shares of Cloudflare in a research note on Monday, August 3rd. Citizens Jmp upped their price target on Cloudflare from $330.00 to $394.00 and gave the company a “market outperform” rating in a research report on Friday. Zacks Research upgraded Cloudflare from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Finally, Oppenheimer lifted their price objective on Cloudflare from $330.00 to $380.00 and gave the company an “outperform” rating in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $320.19.

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.