Cloudflare (NYSE:NET) Director Sells $1,561,100.00 in Stock

Cloudflare, Inc. (NYSE:NET) Director Carl Ledbetter sold 5,000 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $312.22, for a total transaction of $1,561,100.00. Following the completion of the sale, the director owned 878,073 shares of the company’s stock, valued at approximately $274,151,952.06. This represents a 0.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 6th, Carl Ledbetter sold 5,000 shares of Cloudflare stock. The shares were sold at an average price of $281.98, for a total value of $1,409,900.00.
• On Tuesday, July 7th, Carl Ledbetter sold 5,000 shares of Cloudflare stock. The shares were sold at an average price of $268.11, for a total value of $1,340,550.00.

Cloudflare Price Performance

NET traded down $3.17 on Tuesday, hitting $327.19. 3,033,341 shares of the company’s stock were exchanged, compared to its average volume of 4,205,718. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $334.60. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. The firm has a 50-day moving average price of $287.59 and a 200-day moving average price of $240.67. The stock has a market cap of $115.65 billion, a price-to-earnings ratio of -564.12, a P/E/G ratio of 250.57 and a beta of 1.66.

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

Institutional Investors Weigh In On Cloudflare

Several institutional investors have recently modified their holdings of NET. CX Institutional lifted its position in shares of Cloudflare by 49.4% during the 2nd 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. Wealth Architects LLC grew its position in shares of Cloudflare by 4.6% in the 2nd quarter. Wealth Architects LLC now owns 1,022 shares of the company’s stock valued at $251,000 after buying an additional 45 shares during the last quarter. Cornerstone Financial Management LLC grew its position in shares of Cloudflare by 65.3% in the 2nd quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock valued at $29,000 after buying an additional 47 shares during the last quarter. Forum Financial Management LP raised its stake in Cloudflare by 3.5% during the 2nd quarter. Forum Financial Management LP now owns 1,498 shares of the company’s stock worth $367,000 after acquiring an additional 50 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC raised its stake in Cloudflare by 3.2% during the 1st quarter. Quadrant Private Wealth Management LLC now owns 1,653 shares of the company’s stock worth $341,000 after acquiring an additional 51 shares in the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NET shares. Royal Bank Of Canada lifted their target price on shares of Cloudflare from $290.00 to $346.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Wells Fargo & Company raised their price target on Cloudflare from $300.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. TD Cowen lifted their price objective on Cloudflare from $300.00 to $355.00 and gave the company a “buy” rating in a research note on Friday, August 7th. KeyCorp lifted their price objective on Cloudflare from $300.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Citigroup reiterated a “market outperform” rating on shares of Cloudflare in a report on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $320.19.

About Cloudflare

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

The company’s offerings include content delivery and domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.