Insider Selling: Cloudflare (NYSE:NET) Insider Sells $3,510,924.45 in Stock

Cloudflare, Inc. (NYSE:NET) insider Alissa Michelle Starzak sold 16,243 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $216.15, for a total transaction of $3,510,924.45. Following the completion of the sale, the insider owned 118,395 shares in the company, valued at $25,591,079.25. This represents a 12.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Trading Down 2.6%

Shares of NET stock opened at $265.49 on Thursday. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $274.63. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The firm’s 50 day moving average is $211.56 and its 200 day moving average is $199.62. The stock has a market capitalization of $93.84 billion, a P/E ratio of -1,061.96 and a beta of 1.70.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The company had revenue of $639.76 million for the quarter, compared to analysts’ expectations of $620.83 million. During the same quarter last year, the company posted $0.16 earnings per share. The firm’s quarterly revenue was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NET. DZ Bank upgraded shares of Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a report on Friday, February 13th. Barclays reiterated an “overweight” rating and issued a $250.00 price target on shares of Cloudflare in a research report on Monday. Wells Fargo & Company increased their price target on shares of Cloudflare from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $224.00 price target on shares of Cloudflare in a research report on Wednesday, February 11th. Finally, Susquehanna increased their price target on shares of Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Eighteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Cloudflare has a consensus rating of “Moderate Buy” and a consensus target price of $236.68.

Institutional Trading of Cloudflare

Several institutional investors and hedge funds have recently modified their holdings of the company. Parallel Advisors LLC raised its position in shares of Cloudflare by 8.0% during the 1st quarter. Parallel Advisors LLC now owns 5,510 shares of the company’s stock valued at $1,137,000 after purchasing an additional 406 shares during the period. Verus Capital Partners LLC raised its position in shares of Cloudflare by 7.5% during the 1st quarter. Verus Capital Partners LLC now owns 1,345 shares of the company’s stock valued at $278,000 after purchasing an additional 94 shares during the period. Essential Partners LLC raised its position in shares of Cloudflare by 14.5% during the 1st quarter. Essential Partners LLC now owns 402 shares of the company’s stock valued at $83,000 after purchasing an additional 51 shares during the period. Janus Henderson Group PLC raised its position in shares of Cloudflare by 583.1% during the 1st quarter. Janus Henderson Group PLC now owns 241,367 shares of the company’s stock valued at $49,805,000 after purchasing an additional 206,032 shares during the period. Finally, Centaurus Financial Inc. raised its position in shares of Cloudflare by 4.8% during the 1st quarter. Centaurus Financial Inc. now owns 1,780 shares of the company’s stock valued at $367,000 after purchasing an additional 82 shares during the period. 82.68% of the stock is currently owned by institutional investors.

About Cloudflare

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.