Cloudflare (NYSE:NET) Insider Sells $1,033,729.95 in Stock

Cloudflare, Inc. (NYSE:NET) insider Alissa Michelle Starzak sold 3,333 shares of Cloudflare stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $310.15, for a total value of $1,033,729.95. Following the sale, the insider directly owned 114,620 shares in the company, valued at approximately $35,549,393. The trade was a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 18th, Alissa Michelle Starzak sold 2,538 shares of Cloudflare stock. The stock was sold at an average price of $304.68, for a total value of $773,277.84.
• On Thursday, May 28th, Alissa Michelle Starzak sold 16,243 shares of Cloudflare stock. The shares were sold at an average price of $216.15, for a total value of $3,510,924.45.

Cloudflare Trading Up 5.1%

NET opened at $293.16 on Friday. 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 stock has a market cap of $103.62 billion, a PE ratio of -505.45, a PEG ratio of 166.64 and a beta of 1.65. The business has a 50 day moving average of $268.24 and a 200-day moving average of $227.45.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $696.06 million for the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the prior year, the firm 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. Equities research analysts predict that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cloudflare

A number of hedge funds have recently bought and sold shares of NET. Vanguard Group Inc. raised its holdings in shares of Cloudflare by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock valued at $6,389,167,000 after purchasing an additional 90,397 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Cloudflare by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock valued at $1,184,044,000 after buying an additional 241,981 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Cloudflare by 135.8% in the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after purchasing an additional 2,530,872 shares during the period. First Trust Advisors LP boosted its holdings in Cloudflare by 1.6% in the 4th quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock worth $792,377,000 after buying an additional 63,198 shares during the period. Finally, Invesco Ltd. grew its position in shares of Cloudflare by 1.3% during the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock worth $850,792,000 after purchasing an additional 49,485 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analysts Set New Price Targets

NET has been the subject of a number of recent research reports. Cantor Fitzgerald reissued a “neutral” rating and set a $250.00 price target on shares of Cloudflare in a research report on Monday, August 3rd. Mizuho upped their price objective on shares of Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Raymond James Financial began coverage on shares of Cloudflare in a report on Tuesday, July 7th. They set a “strong-buy” rating for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research report on Friday, July 17th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $389.00 price target on shares of Cloudflare in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.