Insider Selling: Cloudflare (NYSE:NET) Director Sells 293 Shares of Stock

by · The Markets Daily

Cloudflare, Inc. (NYSE:NET – Get Free Report) Director Katrin Suder sold 293 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $252.92, for a total value of $74,105.56. Following the completion of the transaction, the director directly owned 37,430 shares of the company’s stock, valued at $9,466,795.60. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a 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.

Cloudflare Price Performance

NYSE NET traded down $2.10 during mid-day trading on Monday, hitting $248.01. The stock had a trading volume of 3,179,143 shares, compared to its average volume of 4,671,553. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $276.82. The company has a market cap of $87.66 billion, a price-to-earnings ratio of -992.06, a P/E/G ratio of 4,194.92 and a beta of 1.70. The company has a 50 day simple moving average of $213.32 and a 200 day simple moving average of $200.36. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29.

Cloudflare (NYSE:NET – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $639.76 million for 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%.Cloudflare’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the firm 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.

Hedge Funds Weigh In On Cloudflare

Several large investors have recently modified their holdings of the stock. Parallel Advisors LLC boosted its holdings in Cloudflare by 8.0% in the first quarter. Parallel Advisors LLC now owns 5,510 shares of the company’s stock worth $1,137,000 after purchasing an additional 406 shares during the period. Verus Capital Partners LLC boosted its holdings in Cloudflare by 7.5% in the first quarter. Verus Capital Partners LLC now owns 1,345 shares of the company’s stock worth $278,000 after purchasing an additional 94 shares during the period. Essential Partners LLC boosted its holdings in Cloudflare by 14.5% in the first quarter. Essential Partners LLC now owns 402 shares of the company’s stock worth $83,000 after purchasing an additional 51 shares during the period. Janus Henderson Group PLC boosted its holdings in Cloudflare by 583.1% in the first quarter. Janus Henderson Group PLC now owns 241,367 shares of the company’s stock worth $49,805,000 after purchasing an additional 206,032 shares during the period. Finally, Centaurus Financial Inc. boosted its stake in Cloudflare by 4.8% in the first quarter. Centaurus Financial Inc. now owns 1,780 shares of the company’s stock valued at $367,000 after acquiring an additional 82 shares during the period. Institutional investors own 82.68% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NET. Susquehanna raised their price target on shares of Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Jefferies Financial Group began coverage on shares of Cloudflare in a research note on Wednesday, April 15th. They issued a “buy” rating on the stock. Morgan Stanley restated an “overweight” rating and set a $305.00 target price on shares of Cloudflare in a report on Thursday. Mizuho reduced their target price on shares of Cloudflare from $255.00 to $235.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. Finally, Scotiabank reduced their target price on shares of Cloudflare from $255.00 to $225.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 11th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $239.08.

View Our Latest Stock Report on NET

Cloudflare Company Profile

(Get Free Report)

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.

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