Cloudflare, Inc. (NYSE:NET) Stock Has Consensus Price Target of $330.59 According to Analysts

Cloudflare, Inc. (NYSE:NET) has earned a consensus recommendation of “Moderate Buy” from the thirty-three brokerages that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $331.33.

Several research analysts recently issued reports on NET shares. Truist Financial upped their price target on shares of Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft raised Cloudflare to a “buy” rating in a research report on Tuesday, July 7th. BTIG Research increased their price objective on shares of Cloudflare from $382.00 to $413.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Needham & Company LLC lifted their target price on shares of Cloudflare from $280.00 to $380.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, DZ Bank downgraded Cloudflare from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, August 7th.

Cloudflare Stock Performance

Cloudflare stock opened at $318.16 on Monday. Cloudflare has a fifty-two week low of $158.83 and a fifty-two week high of $370.35. 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 $112.46 billion, a P/E ratio of -548.54, a price-to-earnings-growth ratio of 259.07 and a beta of 1.65. The firm’s 50 day simple moving average is $320.38 and its 200-day simple moving average is $246.69.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%. The company had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. During the same period in the prior year, the firm posted $0.21 EPS. The business’s revenue was up 35.9% compared to the same quarter last year. 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, equities research analysts predict that Cloudflare will post 0.03 EPS for the current year.

Insider Buying and Selling

In other news, insider Michelle Zatlyn sold 33,003 shares of the firm’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 transaction, the insider directly owned 69,775 shares of the company’s stock, valued at approximately $20,557,808.25. This trade represents a 32.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas Seifert sold 55,000 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $300.30, for a total value of $16,516,500.00. Following the sale, the chief financial officer owned 113,790 shares of the company’s stock, valued at $34,171,137. This represents a 32.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 476,339 shares of company stock worth $143,439,267 in the last 90 days. 10.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cloudflare

Several institutional investors have recently added to or reduced their stakes in NET. GK Wealth Management LLC purchased a new stake in shares of Cloudflare in the third quarter valued at $25,000. Cornerstone Financial Management LLC grew its stake in shares of Cloudflare by 65.3% during the second quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock valued at $29,000 after buying an additional 47 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Cloudflare in the second quarter worth approximately $30,000. CX Institutional boosted its holdings in Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 44 shares during the period. Finally, Cape Investment Advisory Inc. purchased a new position in Cloudflare during the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

About Cloudflare

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

The company’s offerings include content delivery and authoritative domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.