Cloudflare, Inc. (NYSE:NET) Stock Has Average Target Price of $321.85

Shares of Cloudflare, Inc. (NYSE:NET) have been given a consensus rating of “Moderate Buy” by the thirty-three analysts that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $321.85.

NET has been the subject of a number of research analyst reports. DZ Bank downgraded shares of Cloudflare from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft upgraded Cloudflare to a “buy” rating in a research report on Tuesday, July 7th. Truist Financial boosted their target price on shares of Cloudflare from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Royal Bank Of Canada upped their price objective on shares of Cloudflare from $290.00 to $346.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $389.00 price target on shares of Cloudflare in a research report on Friday, August 7th.

Insider Buying and Selling

In other news, insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $294.63, for a total transaction of $9,723,673.89. Following the completion of the transaction, the insider directly owned 69,775 shares of the company’s stock, valued at $20,557,808.25. The trade was a 32.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas J. Seifert sold 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $300.30, for a total value of $16,516,500.00. Following the completion of the sale, the chief financial officer directly owned 113,790 shares in the company, valued at approximately $34,171,137. The trade was a 32.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 452,736 shares of company stock worth $129,957,883. 10.66% of the stock is owned by company insiders.

Institutional Trading of Cloudflare

Several large investors have recently made changes to their positions in NET. Jennison Associates LLC grew its stake in Cloudflare by 135.8% during the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after acquiring an additional 2,530,872 shares in the last quarter. Amundi boosted its position in Cloudflare by 2.0% in the 1st quarter. Amundi now owns 1,707,256 shares of the company’s stock valued at $352,275,000 after buying an additional 32,804 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of Cloudflare by 17.6% during the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock worth $284,900,000 after buying an additional 206,506 shares during the period. Corient Private Wealth LLC increased its holdings in Cloudflare by 4,042.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock valued at $275,887,000 after buying an additional 1,365,598 shares during the last quarter. Finally, National Pension Service raised its position in shares of Cloudflare by 1.6% during the 2nd quarter. National Pension Service now owns 959,987 shares of the company’s stock worth $235,466,000 after acquiring an additional 15,546 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Cloudflare Stock Performance

NYSE:NET opened at $349.16 on Thursday. The firm’s fifty day simple moving average is $308.12 and its 200 day simple moving average is $255.28. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. The stock has a market cap of $123.42 billion, a P/E ratio of -602.01, a price-to-earnings-growth ratio of 277.63 and a beta of 1.65. Cloudflare has a twelve month low of $158.83 and a twelve month high of $367.43.

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. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The company had revenue of $696.06 million for the quarter, compared to analysts’ expectations of $664.66 million. During the same period in the prior year, the firm earned $0.21 earnings per share. The firm’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, research analysts predict that Cloudflare will post 0.03 EPS for the current year.

About Cloudflare

Cloudflare, Inc is a connectivity cloud company that provides services designed to help organizations make their websites, applications and networks more secure, reliable and faster. Its global network sits between users and the services they access, supporting content delivery, domain name system services, traffic optimization and protection against distributed denial-of-service attacks and other online threats.

The company offers a range of application and network security products, including web application firewalls, bot management, application programming interface protection, zero-trust security and secure access services.