Alissa Michelle Starzak Sells 2,538 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) insider Alissa Michelle Starzak sold 2,538 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $304.68, for a total transaction of $773,277.84. Following the sale, the insider directly owned 112,082 shares in the company, valued at $34,149,143.76. This represents a 2.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alissa Michelle Starzak also recently made the following trade(s):

• On Monday, August 17th, Alissa Michelle Starzak sold 3,333 shares of Cloudflare stock. The shares were sold at an average price of $310.15, for a total transaction of $1,033,729.95.
• On Thursday, May 28th, Alissa Michelle Starzak sold 16,243 shares of Cloudflare stock. The stock was sold at an average price of $216.15, for a total transaction of $3,510,924.45.

Cloudflare Stock Down 3.1%

NET stock traded down $9.33 during midday trading on Wednesday, hitting $292.03. The company’s stock had a trading volume of 3,092,386 shares, compared to its average volume of 4,333,878. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $332.22. The firm has a market capitalization of $103.22 billion, a P/E ratio of -503.50, a PEG ratio of 230.77 and a beta of 1.65. The firm has a 50-day simple moving average of $264.47 and a 200-day simple moving average of $225.49.

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

Institutional Trading of Cloudflare

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal London Asset Management Ltd. lifted its position in shares of Cloudflare by 89.9% during the 2nd quarter. Royal London Asset Management Ltd. now owns 386,929 shares of the company’s stock worth $94,906,000 after buying an additional 183,183 shares during the last quarter. Van ECK Associates Corp lifted its position in Cloudflare by 2.2% in the second quarter. Van ECK Associates Corp now owns 11,268 shares of the company’s stock valued at $2,764,000 after acquiring an additional 243 shares during the last quarter. Nissay Asset Management Corp Japan grew its holdings in shares of Cloudflare by 2.4% during the second quarter. Nissay Asset Management Corp Japan now owns 41,344 shares of the company’s stock worth $10,141,000 after purchasing an additional 960 shares during the last quarter. BNP Paribas grew its holdings in shares of Cloudflare by 9.4% during the second quarter. BNP Paribas now owns 8,588 shares of the company’s stock worth $2,106,000 after purchasing an additional 736 shares during the last quarter. Finally, Archer Investment Corp acquired a new stake in shares of Cloudflare during the second quarter worth about $711,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NET shares. Morgan Stanley restated an “overweight” rating and set a $370.00 target price on shares of Cloudflare in a research note on Friday, August 7th. KeyCorp lifted their price target on shares of Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Guggenheim increased their price objective on shares of Cloudflare from $140.00 to $160.00 and gave the company a “sell” rating in a research report on Friday, August 7th. Cantor Fitzgerald restated a “neutral” rating and issued a $250.00 price objective on shares of Cloudflare in a report on Monday, August 3rd. Finally, Scotiabank lifted their price objective on shares of Cloudflare from $300.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average 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.