Cloudflare (NYSE:NET) Director Carl Ledbetter Sells 5,000 Shares

Cloudflare, Inc. (NYSE:NET) Director Carl Ledbetter sold 5,000 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $312.22, for a total value of $1,561,100.00. Following the completion of the transaction, the director directly owned 878,073 shares in the company, valued at $274,151,952.06. This trade represents a 0.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Carl Ledbetter also recently made the following trade(s):

• On Thursday, August 6th, Carl Ledbetter sold 5,000 shares of Cloudflare stock. The stock was sold at an average price of $281.98, for a total value of $1,409,900.00.
• On Tuesday, July 7th, Carl Ledbetter sold 5,000 shares of Cloudflare stock. The shares were sold at an average price of $268.11, for a total transaction of $1,340,550.00.

Cloudflare Trading Down 1.0%

NYSE NET opened at $327.19 on Wednesday. The company’s 50-day moving average price is $288.74 and its 200-day moving average price is $241.77. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. The stock has a market cap of $115.65 billion, a PE ratio of -564.12, a PEG ratio of 270.05 and a beta of 1.66. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $334.60.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $696.06 million during 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 firm’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter last year, the business posted $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 forecast that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NET shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $250.00 target price on shares of Cloudflare in a research report on Monday, August 3rd. Barclays lifted their price objective on Cloudflare from $300.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, August 7th. TD Cowen upped their price objective on shares of Cloudflare from $300.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Mizuho increased their target price on shares of Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $136.00 target price on shares of Cloudflare in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $320.19.

Institutional Investors Weigh In On Cloudflare

Hedge funds have recently made changes to their positions in the stock. Cornerstone Financial Management LLC grew its stake in Cloudflare by 65.3% in the second 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 last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of Cloudflare in the 2nd quarter valued at about $30,000. CX Institutional grew its position in shares of Cloudflare by 49.4% in the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after buying an additional 44 shares during the last quarter. Cape Investment Advisory Inc. bought a new position in shares of Cloudflare during the 2nd quarter worth approximately $33,000. Finally, Ancora Advisors LLC purchased a new stake in Cloudflare during the second quarter valued at approximately $33,000. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare introduced an “Accountable” designation for AI crawlers and a “Disallow AI Training” control that allows website owners to prevent AI training on their content while keeping pages available to traditional search engines. The tools could strengthen Cloudflare’s position in AI-content governance, increase customer value and support demand for its connectivity and security platform. Cloudflare Helps End the Search-or-AI-Training Tradeoff
• Positive Sentiment: Market commentary highlighted Cloudflare’s exposure to the agentic-AI boom, its potential to benefit from rising AI security demand and continued adoption of Zero Trust products. One comparison concluded that Cloudflare’s growth outlook gives it an edge over CrowdStrike, although the stock’s valuation remains demanding. CRWD vs. NET: Which Cybersecurity Stock Has an Edge Right Now?
• Neutral Sentiment: Cloudflare was identified as a heavily watched or trending stock, which may increase short-term trading activity but does not represent a fundamental change in earnings or guidance. Cloudflare Trending Stock Analysis
• Negative Sentiment: Director Carl Ledbetter sold 5,000 shares for approximately $1.56 million under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by only 0.57%, limiting its significance, but insider selling can still weigh on sentiment, particularly while NET trades at an elevated valuation. SEC Insider Trading Filing

About Cloudflare

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

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