Cloudflare (NYSE:NET) Stock Bumped Up to “Overweight” by JPMorgan Chase & Co.

Cloudflare (NYSE:NET) was upgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Tuesday, Briefing.com reports. The firm presently has a $350.00 target price on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 32.14% from the company’s previous close.

Several other research analysts have also recently commented on the company. Robert W. Baird set a $330.00 target price on Cloudflare in a research note on Friday, August 7th. BTIG Research increased their price target on Cloudflare from $382.00 to $413.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. The Goldman Sachs Group reiterated a “buy” rating and issued a $389.00 price objective on shares of Cloudflare in a research note on Friday, August 7th. Susquehanna boosted their price objective on Cloudflare from $200.00 to $300.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, Barclays boosted their price objective on Cloudflare from $355.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and a consensus target price of $333.21.

Cloudflare Trading Down 5.6%

NYSE NET opened at $264.86 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market cap of $93.62 billion, a price-to-earnings ratio of -456.66, a PEG ratio of 253.49 and a beta of 1.65. The firm has a 50 day simple moving average of $320.21 and a 200-day simple moving average of $248.17. Cloudflare has a one year low of $158.83 and a one year high of $370.35.

Cloudflare (NYSE:NET) last announced its 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 firm had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. 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 EPS. 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 anticipate that Cloudflare will post 0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Carl Ledbetter sold 5,000 shares of the company’s stock in a transaction on Monday, October 19th. The shares were sold at an average price of $304.40, for a total value of $1,522,000.00. Following the completion of the sale, the director owned 868,073 shares in the company, valued at $264,241,421.20. This represents a 0.57% 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 12,500 shares of the company’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $299.59, for a total transaction of $3,744,875.00. Following the completion of the sale, the chief financial officer directly owned 104,958 shares of the company’s stock, valued at $31,444,367.22. The trade was a 10.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 316,440 shares of company stock valued at $96,437,412. 10.66% of the stock is owned by corporate insiders.

Institutional Trading of Cloudflare

A number of hedge funds have recently added to or reduced their stakes in the stock. Alps Advisors Inc. increased its stake in Cloudflare by 3.9% in the third quarter. Alps Advisors Inc. now owns 10,595 shares of the company’s stock valued at $3,679,000 after purchasing an additional 402 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Cloudflare during the third quarter worth about $843,000. CenterBook Partners LP acquired a new stake in Cloudflare in the 3rd quarter worth about $297,000. Heritage Family Offices LLP acquired a new stake in Cloudflare in the 3rd quarter worth about $283,000. Finally, Allegiance Financial Group Advisory Services LLC boosted its stake in Cloudflare by 63.1% in the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 1,849 shares of the company’s stock worth $642,000 after buying an additional 715 shares during the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

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.