Cloudflare (NYSE:NET) CAO Sells $517,370.12 in Stock

Cloudflare, Inc. (NYSE:NET) CAO Janel Riley sold 1,667 shares of Cloudflare stock in a transaction on Monday, August 17th. The stock was sold at an average price of $310.36, for a total value of $517,370.12. Following the transaction, the chief accounting officer directly owned 45,028 shares of the company’s stock, valued at approximately $13,974,890.08. This represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Janel Riley also recently made the following trade(s):

• On Tuesday, August 18th, Janel Riley sold 3,481 shares of Cloudflare stock. The shares were sold at an average price of $305.26, for a total value of $1,062,610.06.

Cloudflare Trading Up 5.1%

Shares of NET stock opened at $293.16 on Friday. The stock has a market cap of $103.62 billion, a P/E ratio of -505.45, a P/E/G ratio of 166.64 and a beta of 1.65. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $332.22. The business has a fifty day simple moving average of $268.24 and a 200-day simple moving average of $227.45.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.29 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 analyst estimates 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 revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 EPS. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. On average, analysts forecast that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on NET. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $389.00 price target on shares of Cloudflare in a report on Friday, August 7th. Royal Bank Of Canada lifted their price objective on Cloudflare from $290.00 to $346.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Susquehanna upped their target price on Cloudflare from $200.00 to $300.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Stifel Nicolaus set a $260.00 target price on Cloudflare in a research note on Friday, May 8th. Finally, Oppenheimer increased their target price on Cloudflare from $330.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $320.19.

Institutional Investors Weigh In On Cloudflare

A number of hedge funds and other institutional investors have recently modified their holdings of NET. Vanguard Group Inc. raised its position in shares of Cloudflare by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock valued at $6,389,167,000 after buying an additional 90,397 shares during the last quarter. Geode Capital Management LLC boosted its position in 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 acquiring an additional 241,981 shares during the last quarter. Jennison Associates LLC boosted its position in 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 acquiring an additional 2,530,872 shares during the last quarter. First Trust Advisors LP grew its stake in Cloudflare by 1.6% in the 4th quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock worth $792,377,000 after acquiring an additional 63,198 shares during the period. Finally, Invesco Ltd. grew its stake in Cloudflare by 1.3% in the 3rd quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock worth $850,792,000 after acquiring an additional 49,485 shares during the period. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

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.