BTIG Research Raises Cloudflare (NYSE:NET) Price Target to $314.00

Cloudflare (NYSE:NET) had its price objective increased by investment analysts at BTIG Research from $269.00 to $314.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price objective would suggest a potential upside of 13.75% from the stock’s previous close.

NET has been the subject of a number of other reports. Zacks Research raised Cloudflare from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. Scotiabank raised shares of Cloudflare from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $225.00 to $300.00 in a research note on Tuesday. Guggenheim reiterated a “sell” rating and issued a $140.00 target price on shares of Cloudflare in a research note on Wednesday, June 10th. Citizens Jmp reaffirmed a “market outperform” rating and set a $270.00 price target on shares of Cloudflare in a report on Monday, June 15th. Finally, Morgan Stanley assumed coverage on Cloudflare in a report on Tuesday. They set an “overweight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Cloudflare presently has an average rating of “Moderate Buy” and a consensus target price of $245.96.

Cloudflare Stock Performance

NYSE:NET opened at $276.04 on Friday. Cloudflare has a 12-month low of $158.83 and a 12-month high of $278.88. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $97.57 billion, a PE ratio of -1,104.16, a price-to-earnings-growth ratio of 275.35 and a beta of 1.67. The firm has a 50-day moving average price of $230.76 and a 200 day moving average price of $206.97.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company had revenue of $639.75 million for the quarter, compared to the consensus estimate of $620.83 million. During the same period in the previous year, the business earned $0.16 earnings per share. The company’s quarterly revenue was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Research analysts anticipate that Cloudflare will post 0.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, Director Mark J. Hawkins sold 133 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $249.00, for a total value of $33,117.00. Following the transaction, the director owned 10,765 shares of the company’s stock, valued at approximately $2,680,485. This represents a 1.22% decrease in their ownership of the stock. The transaction 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 firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $247.28, for a total value of $12,953,268.24. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 626,185 shares of company stock valued at $139,810,855 over the last 90 days. Company insiders own 10.66% of the company’s stock.

Institutional Trading of Cloudflare

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Cloudflare by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock worth $6,389,167,000 after purchasing an additional 90,397 shares during the period. Geode Capital Management LLC boosted its position in shares of Cloudflare by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock worth $1,184,044,000 after purchasing an additional 241,981 shares in the last quarter. Jennison Associates LLC grew 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 valued at $906,758,000 after buying an additional 2,530,872 shares during the period. First Trust Advisors LP increased its position 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 valued at $792,377,000 after buying an additional 63,198 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Cloudflare by 1.3% in the 3rd quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock valued at $850,792,000 after buying an additional 49,485 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

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.