Cloudflare (NYSE:NET) Director Mark Hawkins Sells 133 Shares

Cloudflare, Inc. (NYSE:NET) Director Mark Hawkins sold 133 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $249.00, for a total value of $33,117.00. Following the sale, the director owned 10,765 shares in the company, valued at approximately $2,680,485. This trade represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Price Performance

Shares of Cloudflare stock opened at $242.14 on Friday. The stock has a 50 day moving average price of $225.40 and a 200-day moving average price of $204.62. The stock has a market cap of $85.59 billion, a price-to-earnings ratio of -968.56, a price-to-earnings-growth ratio of 248.07 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $276.82.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $639.75 million for the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm’s revenue was up 33.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. Equities analysts expect that Cloudflare, Inc. will post 0.02 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on NET shares. The Goldman Sachs Group cut Cloudflare from a “buy” rating to a “sell” rating in a research report on Wednesday, April 15th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $230.00 target price (up from $224.00) on shares of Cloudflare in a research note on Wednesday, June 10th. Susquehanna increased their price target on shares of Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Morgan Stanley restated an “overweight” rating and issued a $305.00 price target on shares of Cloudflare in a report on Thursday, June 4th. Finally, Stifel Nicolaus set a $260.00 target price on shares of Cloudflare in a research report on Friday, May 8th. Twenty-one research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $241.35.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Lingotto Investment Management LLP acquired a new position in shares of Cloudflare in the fourth quarter worth about $34,626,000. Trek Financial LLC purchased a new position in shares of Cloudflare in the 4th quarter valued at about $1,793,000. Jupiter Asset Management Ltd. raised its holdings in Cloudflare by 1,984.7% in the 4th quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock worth $38,979,000 after purchasing an additional 188,226 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Cloudflare by 25.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock worth $323,259,000 after purchasing an additional 336,768 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in Cloudflare by 17.6% in the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock valued at $284,900,000 after purchasing an additional 206,506 shares during the period. 82.68% of the stock is currently owned by hedge funds and other 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.