Cloudflare (NYSE:NET) Given New $413.00 Price Target at BTIG Research

Cloudflare (NYSE:NET) had its price objective hoisted by BTIG Research from $382.00 to $413.00 in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also commented on NET. Citigroup restated a “market outperform” rating on shares of Cloudflare in a research report on Monday, August 31st. UBS Group lifted their price objective on Cloudflare from $250.00 to $350.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. DZ Bank lowered Cloudflare from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, August 7th. Guggenheim upped their price target on shares of Cloudflare from $140.00 to $160.00 and gave the stock a “sell” rating in a research report on Friday, August 7th. Finally, Royal Bank Of Canada increased their price objective on shares of Cloudflare from $290.00 to $346.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $326.33.

Cloudflare Trading Down 1.1%

Shares of Cloudflare stock opened at $355.71 on Tuesday. Cloudflare has a 12-month low of $158.83 and a 12-month high of $370.35. The stock has a market capitalization of $125.73 billion, a P/E ratio of -613.30, a price-to-earnings-growth ratio of 285.92 and a beta of 1.65. The company has a 50-day simple moving average of $311.83 and a 200 day simple moving average of $257.58. 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 (NYSE:NET) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $696.06 million for 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 revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the business 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. Research analysts expect that Cloudflare will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Cloudflare

In other news, insider Michelle Zatlyn sold 33,003 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $294.63, for a total transaction of $9,723,673.89. Following the transaction, the insider owned 69,775 shares of the company’s stock, valued at $20,557,808.25. This represents a 32.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,383 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $283.42, for a total value of $14,846,389.86. 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 ninety days, insiders have sold 392,833 shares of company stock worth $115,040,919. Insiders own 10.66% of the company’s stock.

Institutional Trading of Cloudflare

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CX Institutional lifted its stake in Cloudflare by 49.4% in the second quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 44 shares during the last quarter. Wealth Architects LLC increased its stake in shares of Cloudflare by 4.6% during the 2nd quarter. Wealth Architects LLC now owns 1,022 shares of the company’s stock worth $251,000 after purchasing an additional 45 shares during the last quarter. Cornerstone Financial Management LLC raised its holdings 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 purchasing an additional 47 shares during the period. Forum Financial Management LP raised its holdings in shares of Cloudflare by 3.5% in the 2nd quarter. Forum Financial Management LP now owns 1,498 shares of the company’s stock valued at $367,000 after purchasing an additional 50 shares during the period. Finally, Quadrant Private Wealth Management LLC lifted its stake in Cloudflare by 3.2% in the 1st quarter. Quadrant Private Wealth Management LLC now owns 1,653 shares of the company’s stock valued at $341,000 after purchasing an additional 51 shares during the last quarter. 82.68% of the stock is owned by institutional investors.

Trending Headlines about Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: BTIG upgraded Cloudflare to “Buy” and raised its price target from $382 to $413, implying additional upside and reinforcing bullish analyst sentiment. BTIG Research Issues Positive Forecast for Cloudflare Stock Price
• Positive Sentiment: Recent product announcements and company data showing Cloudflare as the fastest provider across 74% of the top 1,000 networks have supported investor enthusiasm for its internet infrastructure and AI-related traffic opportunity. Why Cloudflare Stock Is Trading Up Today
• Positive Sentiment: A partnership with Deutsche Telekom could expand Cloudflare’s European enterprise distribution and create additional security and connectivity growth opportunities. Can Cloudflare’s Deutsche Telekom Deal Drive Enterprise Growth?
• Neutral Sentiment: NET has gained roughly 28% in the past month and about 65% over six months, reaching a new 12-month high. The momentum reflects demand for AI security and growth among large customers, but the sharp advance increases the likelihood of consolidation. Cloudflare Just Gained 28% in a Month
• Negative Sentiment: Investors may be taking profits after the extended rally, particularly because Cloudflare continues to trade at a premium valuation while margin pressure and negative net profitability remain concerns. The latest decline appears more consistent with valuation-related profit-taking than a new fundamental setback. NET Stock Surges 65% in 6 Months

Cloudflare Company Profile

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.