Cloudflare (NYSE:NET) CFO Thomas Seifert Sells 10,000 Shares

Cloudflare, Inc. (NYSE:NET) CFO Thomas Seifert sold 10,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $307.32, for a total value of $3,073,200.00. Following the completion of the transaction, the chief financial officer owned 110,846 shares in the company, valued at $34,065,192.72. The trade was a 8.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Trading Down 3.1%

NET stock opened at $292.03 on Thursday. 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, Inc. has a twelve month low of $158.83 and a twelve month high of $332.22. The company has a market cap of $103.22 billion, a P/E ratio of -503.50, a PEG ratio of 180.05 and a beta of 1.65. The business has a fifty day moving average of $265.92 and a 200-day moving average of $226.28.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (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 company had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. During the same period in the prior year, the company posted $0.21 EPS. The company’s revenue 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 research analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current year.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare’s expanding AI-driven traffic and government-focused security certifications could support continued revenue growth and strengthen its long-term outlook. Cloudflare Stock May Look Stretched as AI Growth Lifts Outlook
• Neutral Sentiment: Recent insider sales were conducted under pre-arranged Rule 10b5-1 trading plans, which reduces their value as a direct signal that executives expect the stock to fall. Nevertheless, the transactions involved multiple insiders and occurred while shares were trading near recent highs. SEC filings show CFO Thomas J. Seifert sold 10,000 shares, while Chief Accounting Officer Janel Riley sold a combined 5,148 shares. Insider Alissa Michelle Starzak sold a combined 5,871 shares. Cloudflare CFO SEC Filing
• Negative Sentiment: Valuation remains the primary concern. Cloudflare has generated substantial gains over the past three years, but its elevated earnings multiples and ongoing losses leave investors questioning how much future AI-related growth is already reflected in the share price. A valuation analysis described the stock as still overvalued, contributing to selling pressure. Cloudflare Shares Fall as GF Value Says Stock Is Overvalued

Wall Street Analyst Weigh In

NET has been the topic of several research analyst reports. Cantor Fitzgerald restated a “neutral” rating and set a $250.00 target price on shares of Cloudflare in a report on Monday, August 3rd. KeyCorp boosted their price objective on shares of Cloudflare from $300.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. The Goldman Sachs Group reiterated a “buy” rating and set a $389.00 target price on shares of Cloudflare in a report on Friday, August 7th. Zacks Research lowered Cloudflare from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Finally, Needham & Company LLC increased their price objective on Cloudflare from $280.00 to $380.00 and gave the stock a “buy” rating in a report on Friday, August 7th. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat, Cloudflare presently has an average rating of “Moderate Buy” and an average target price of $320.19.

Hedge Funds Weigh In On Cloudflare

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its position in shares of Cloudflare by 34.2% in the first quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock valued at $750,000 after purchasing an additional 1,696 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Cloudflare during the 2nd quarter worth about $424,000. Cerity Partners LLC boosted its holdings in shares of Cloudflare by 30.1% during the 2nd quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock worth $5,391,000 after buying an additional 6,363 shares during the period. Sei Investments Co. raised its holdings in Cloudflare by 40.1% in the 2nd quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock valued at $64,432,000 after acquiring an additional 94,112 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Cloudflare by 14.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock valued at $3,224,000 after acquiring an additional 2,093 shares during the period. 82.68% of the stock is 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.