Cloudflare (NYSE:NET) Insider Sells $773,277.84 in Stock

Cloudflare, Inc. (NYSE:NET) insider Alissa Michelle Starzak sold 2,538 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $304.68, for a total transaction of $773,277.84. Following the completion of the sale, the insider owned 112,082 shares in the company, valued at approximately $34,149,143.76. The trade was a 2.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alissa Michelle Starzak also recently made the following trade(s):

• On Monday, August 17th, Alissa Michelle Starzak sold 3,333 shares of Cloudflare stock. The shares were sold at an average price of $310.15, for a total transaction of $1,033,729.95.
• On Thursday, May 28th, Alissa Michelle Starzak sold 16,243 shares of Cloudflare stock. The shares were sold at an average price of $216.15, for a total transaction of $3,510,924.45.

Cloudflare Price Performance

Shares of Cloudflare stock opened at $293.16 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. The company has a market cap of $103.62 billion, a PE ratio of -505.45, a price-to-earnings-growth ratio of 166.64 and a beta of 1.65. The firm has a fifty day moving average price of $268.24 and a two-hundred day moving average price of $227.45. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $332.22.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The business’s revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on NET shares. Scotiabank upped their price target on Cloudflare from $300.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Stifel Nicolaus set a $260.00 price objective on Cloudflare in a report on Friday, May 8th. UBS Group boosted their price objective on Cloudflare from $250.00 to $350.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Sanford C. Bernstein restated a “market perform” rating and issued a $136.00 target price on shares of Cloudflare in a research note on Wednesday, June 10th. Finally, Piper Sandler raised their target price on Cloudflare from $250.00 to $333.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Cloudflare has a consensus rating of “Moderate Buy” and an average price target of $320.19.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Cloudflare by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock valued at $6,389,167,000 after purchasing an additional 90,397 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Cloudflare by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock worth $1,184,044,000 after buying an additional 241,981 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Cloudflare by 135.8% in the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after buying an additional 2,530,872 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Cloudflare by 1.6% in the 4th quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock worth $792,377,000 after buying an additional 63,198 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Cloudflare by 1.3% during the 3rd quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock worth $850,792,000 after buying an additional 49,485 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

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.