Cloudflare, Inc. (NYSE:NET) Stock Has Average Target Price of $321.85 According to Brokerages

Cloudflare, Inc. (NYSE:NET) has been given an average recommendation of “Moderate Buy” by the thirty-three brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, twenty-one have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $325.19.

A number of research firms have issued reports on NET. Zacks Research lowered shares of Cloudflare from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $340.00 price objective on shares of Cloudflare in a research report on Monday. Jefferies Financial Group set a $350.00 price objective on Cloudflare in a research note on Friday, August 7th. Morgan Stanley reiterated an “overweight” rating and issued a $370.00 target price on shares of Cloudflare in a report on Friday, August 7th. Finally, KeyCorp boosted their target price on Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th.

Insider Activity

In other news, insider Michelle Zatlyn sold 33,003 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $294.63, for a total transaction of $9,723,673.89. Following the completion of the transaction, the insider directly owned 69,775 shares of the company’s stock, valued at approximately $20,557,808.25. The trade was a 32.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Prince sold 52,383 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $283.42, for a total transaction of $14,846,389.86. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 392,833 shares of company stock worth $115,040,919. 10.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cloudflare

Large investors have recently modified their holdings of the company. Jennison Associates LLC grew its stake in shares of Cloudflare by 135.8% during the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after purchasing an additional 2,530,872 shares in the last quarter. Amundi raised its stake in Cloudflare by 2.0% in the first quarter. Amundi now owns 1,707,256 shares of the company’s stock valued at $352,275,000 after buying an additional 32,804 shares in the last quarter. Pictet Asset Management Holding SA raised its stake 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 buying an additional 206,506 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in Cloudflare by 4,042.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock worth $275,887,000 after buying an additional 1,365,598 shares during the last quarter. Finally, National Pension Service boosted its position in shares of Cloudflare by 1.6% during the 2nd quarter. National Pension Service now owns 959,987 shares of the company’s stock worth $235,466,000 after acquiring an additional 15,546 shares in the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

Cloudflare Stock Performance

NYSE NET opened at $360.10 on Thursday. 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 $127.28 billion, a P/E ratio of -620.86, a P/E/G ratio of 277.63 and a beta of 1.65. The stock has a 50-day moving average of $310.01 and a two-hundred day moving average of $256.66. Cloudflare has a 1-year low of $158.83 and a 1-year high of $367.43.

Cloudflare (NYSE:NET) last issued its quarterly earnings results 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 business had revenue of $696.06 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. As a group, analysts anticipate that Cloudflare will post 0.03 EPS for the current year.

Cloudflare Company Profile

Cloudflare, Inc is a connectivity cloud company that provides services designed to help organizations make their websites, applications and networks more secure, reliable and faster. Its global network sits between users and the services they access, supporting content delivery, domain name system services, traffic optimization and protection against distributed denial-of-service attacks and other online threats.

The company offers a range of application and network security products, including web application firewalls, bot management, application programming interface protection, zero-trust security and secure access services.