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

Cloudflare, Inc. (NYSE:NET) Director Carl Ledbetter sold 5,000 shares of Cloudflare stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $281.98, for a total transaction of $1,409,900.00. Following the completion of the sale, the director owned 883,073 shares of the company’s stock, valued at approximately $249,008,924.54. This trade represents a 0.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value of $1,340,550.00.

Cloudflare Stock Up 5.8%

Cloudflare stock opened at $301.00 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The company has a 50-day simple moving average of $257.02 and a 200-day simple moving average of $218.84. The firm has a market capitalization of $106.39 billion, a P/E ratio of -518.96, a P/E/G ratio of 212.72 and a beta of 1.65. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $324.73.

Cloudflare (NYSE:NET) last announced its earnings results on Wednesday, August 5th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.99% and a negative net margin of 8.21%.The firm had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. During the same quarter in the previous year, the business earned $0.21 EPS. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. As a group, equities analysts expect that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Institutional Trading of Cloudflare

A number of large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC grew its holdings in shares of Cloudflare by 34.2% in the 1st quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock worth $750,000 after acquiring an additional 1,696 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Cloudflare during the second quarter valued at $424,000. Cerity Partners LLC lifted its stake in Cloudflare by 30.1% during the second quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock valued at $5,391,000 after buying an additional 6,363 shares in the last quarter. Sei Investments Co. increased its position in shares of Cloudflare by 40.1% in the second quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock worth $64,432,000 after acquiring an additional 94,112 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Cloudflare by 14.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock valued at $3,224,000 after acquiring an additional 2,093 shares during the period. 82.68% of the stock is currently owned by institutional investors.

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Q2 results beat expectations. Revenue rose 35.9% year over year to $696.1 million, exceeding the approximately $664.7 million consensus estimate. Adjusted EPS was $0.29 versus expectations of $0.27, supported by large-customer additions, Workers adoption and improved execution. Cloudflare Q2 earnings report
• Positive Sentiment: Cloudflare raised its forecast. Third-quarter guidance calls for approximately $736 million-$737 million in revenue and $0.34 EPS, above analyst estimates. Full-year 2026 revenue guidance was lifted to roughly $2.864 billion-$2.870 billion, while EPS guidance increased to $1.25-$1.26. Management cited resilient AI-agent demand across its network. Reuters outlook report
• Positive Sentiment: Analysts responded with higher targets. Citizens JMP raised its target to $394, while Oppenheimer and Needham increased targets to $380. BTIG, RBC, Piper Sandler and Truist also raised targets and maintained bullish ratings, signaling confidence in Cloudflare’s AI growth opportunity.
• Positive Sentiment: New AI products add potential growth avenues. Cloudflare launched Kitesurf, a cloud-hosted browser designed for AI agents, and an AEO Visibility Dashboard that helps brands track recommendations from AI assistants. TechCrunch Kitesurf report
• Neutral Sentiment: Valuation and volatility remain elevated. The rally has pushed Cloudflare near record levels, leaving the stock dependent on continued high growth, margin improvement and successful AI monetization.
• Negative Sentiment: Insider selling is a modest sentiment risk. CEO Matthew Prince, CFO Thomas Seifert and director Carl Ledbetter sold shares under pre-arranged Rule 10b5-1 plans. These transactions may concern investors but do not necessarily indicate weakening business fundamentals.

Analysts Set New Price Targets

NET has been the topic of several research analyst reports. Benchmark cut shares of Cloudflare to an “underperform” rating in a research note on Tuesday, July 7th. Robert W. Baird set a $330.00 price objective on shares of Cloudflare in a report on Friday. Citigroup reissued a “market outperform” rating on shares of Cloudflare in a report on Monday, July 20th. Sanford C. Bernstein restated a “market perform” rating and issued a $136.00 target price on shares of Cloudflare in a research report on Wednesday, June 10th. Finally, Piper Sandler increased their price target on Cloudflare from $250.00 to $333.00 and gave the company an “overweight” rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $311.48.

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.