Cloudflare, Inc. (NYSE:NET) Stock Has Consensus Target Price of $330.59 According to Brokerages

Cloudflare, Inc. (NYSE:NET) has received a consensus rating of “Moderate Buy” from the thirty-two ratings firms that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, twenty have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $333.70.

A number of analysts have recently weighed in on NET shares. Raymond James Financial assumed coverage on shares of Cloudflare in a research report on Tuesday, July 7th. They set a “strong-buy” rating for the company. Wall Street Zen lowered shares of Cloudflare from a “buy” rating to a “hold” rating in a research report on Sunday, October 25th. Royal Bank Of Canada lifted their target price on Cloudflare from $290.00 to $346.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Morgan Stanley restated an “overweight” rating and issued a $370.00 target price on shares of Cloudflare in a report on Friday, August 7th. Finally, Truist Financial increased their target price on Cloudflare from $300.00 to $350.00 and gave the company a “buy” rating in a report on Friday, August 7th.

Insider Transactions at Cloudflare

In related news, CFO Thomas Seifert sold 55,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total transaction 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. This trade represents a 32.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,383 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $283.42, for a total value of $14,846,389.86. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 476,339 shares of company stock valued at $143,439,267. 10.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NET. Jennison Associates LLC raised its stake 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 valued at $906,758,000 after purchasing an additional 2,530,872 shares in the last quarter. Amundi raised its position in shares of Cloudflare by 2.0% during the first quarter. Amundi now owns 1,707,256 shares of the company’s stock worth $352,275,000 after acquiring an additional 32,804 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in Cloudflare by 17.6% in the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock valued at $284,900,000 after buying an additional 206,506 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Cloudflare by 4.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,046,812 shares of the company’s stock worth $363,537,000 after purchasing an additional 48,956 shares during the last quarter. Finally, National Pension Service increased its holdings in Cloudflare by 1.6% in the second quarter. National Pension Service now owns 959,987 shares of the company’s stock valued at $235,466,000 after purchasing an additional 15,546 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare Trading Down 9.8%

NYSE NET opened at $279.86 on Monday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. The company has a market cap of $98.92 billion, a P/E ratio of -482.52, a P/E/G ratio of 246.79 and a beta of 1.65. The company has a 50-day moving average of $320.77 and a 200-day moving average of $247.79. Cloudflare has a 12 month low of $158.83 and a 12 month high of $370.35.

Cloudflare (NYSE:NET) last issued its 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. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The business had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. During the same quarter last year, the firm posted $0.21 EPS. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. 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 predict that Cloudflare will post 0.03 earnings per share for the current year.

Cloudflare Company Profile

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

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