Cloudflare (NYSE:NET) Director Sells $594,594.00 in Stock

Cloudflare, Inc. (NYSE:NET) Director John Graham-Cumming sold 2,520 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $235.95, for a total transaction of $594,594.00. Following the completion of the transaction, the director owned 494,067 shares of the company’s stock, valued at $116,575,108.65. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Graham-Cumming also recently made the following trade(s):

• On Monday, May 4th, John Graham-Cumming sold 2,520 shares of Cloudflare stock. The shares were sold at an average price of $221.58, for a total value of $558,381.60.

Cloudflare Trading Down 1.3%

NYSE NET opened at $223.97 on Friday. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The stock’s 50-day simple moving average is $217.46 and its two-hundred day simple moving average is $202.62. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $276.82. The company has a market capitalization of $79.17 billion, a price-to-earnings ratio of -895.88, a PEG ratio of 404.25 and a beta of 1.70.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $639.75 million during the quarter, compared to analysts’ expectations of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 EPS. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Research analysts forecast that Cloudflare, Inc. will post 0.01 EPS for the current fiscal year.

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Negative Sentiment: CFO Thomas J. Seifert sold 10,000 shares under a pre-arranged Rule 10b5-1 plan, and director John Graham-Cumming also disclosed a sale. While routine, insider sales can still dampen sentiment. Article Title
• Negative Sentiment: Shareholder advisory group JLens urged investors to withhold votes for two directors, creating a governance overhang ahead of the June 30 annual meeting. Article Title

Institutional Investors Weigh In On Cloudflare

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lingotto Investment Management LLP bought a new position in shares of Cloudflare during the fourth quarter valued at approximately $34,626,000. Trek Financial LLC bought a new stake in Cloudflare in the fourth quarter valued at $1,793,000. Jupiter Asset Management Ltd. boosted its holdings in Cloudflare by 1,984.7% in the fourth quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock valued at $38,979,000 after acquiring an additional 188,226 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Cloudflare by 25.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock valued at $323,259,000 after purchasing an additional 336,768 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich increased its position in Cloudflare by 275.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 37,072 shares of the company’s stock valued at $7,348,000 after purchasing an additional 27,202 shares during the period. 82.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Guggenheim reissued a “sell” rating and set a $140.00 price target on shares of Cloudflare in a research note on Wednesday, June 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $305.00 target price on shares of Cloudflare in a report on Thursday, June 4th. Sanford C. Bernstein reissued a “market perform” rating and issued a $136.00 price target on shares of Cloudflare in a research note on Wednesday, June 10th. Mizuho upped their price target on shares of Cloudflare from $235.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Finally, Jefferies Financial Group began coverage on Cloudflare in a research note on Wednesday, April 15th. They set a “buy” rating on the stock. Twenty-one analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cloudflare currently has an average rating of “Moderate Buy” and a consensus target price of $241.35.

Cloudflare Company Profile

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.