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

Cloudflare, Inc. (NYSE:NET) Director Carl Ledbetter sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $353.15, for a total value of $1,765,750.00. Following the transaction, the director directly owned 873,073 shares in the company, valued at $308,325,729.95. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 Monday, September 14th, Carl Ledbetter sold 5,000 shares of Cloudflare stock. The shares were sold at an average price of $312.22, for a total value of $1,561,100.00.
• On Thursday, August 6th, Carl Ledbetter sold 5,000 shares of Cloudflare stock. The stock was sold at an average price of $281.98, for a total value of $1,409,900.00.
• 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 transaction of $1,340,550.00.

Cloudflare Trading Up 0.1%

Cloudflare stock traded up $0.21 during mid-day trading on Wednesday, reaching $353.21. 2,918,638 shares of the company traded hands, compared to its average volume of 4,178,475. 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 firm’s 50 day moving average price is $295.12 and its 200 day moving average price is $247.37. The firm has a market capitalization of $124.85 billion, a price-to-earnings ratio of -608.98, a P/E/G ratio of 279.70 and a beta of 1.66. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $364.23.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. The firm had revenue of $696.06 million during 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 company’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period last year, the company posted $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 anticipate that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cloudflare

A number of institutional investors and hedge funds have recently made changes to their positions in NET. QRG Capital Management Inc. lifted its holdings in shares of Cloudflare by 26.9% during the second quarter. QRG Capital Management Inc. now owns 89,277 shares of the company’s stock valued at $21,898,000 after purchasing an additional 18,914 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Cloudflare by 11.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,229 shares of the company’s stock worth $1,773,000 after buying an additional 738 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Cloudflare by 2.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 294,197 shares of the company’s stock valued at $72,159,000 after buying an additional 7,713 shares in the last quarter. Andra AP fonden raised its stake in Cloudflare by 44.5% during the second quarter. Andra AP fonden now owns 48,356 shares of the company’s stock valued at $11,861,000 after buying an additional 14,900 shares during the last quarter. Finally, Anchor Investment Management LLC raised its stake in Cloudflare by 46.4% during the second quarter. Anchor Investment Management LLC now owns 3,432 shares of the company’s stock valued at $842,000 after buying an additional 1,087 shares during the last quarter. Institutional investors own 82.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on NET. Wells Fargo & Company lifted their price objective on Cloudflare from $300.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Susquehanna raised 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. Guggenheim lifted their price target on Cloudflare from $140.00 to $160.00 and gave the company a “sell” rating in a research report on Friday, August 7th. Citigroup restated a “market outperform” rating on shares of Cloudflare in a research report on Monday, August 31st. Finally, Oppenheimer upped their price target on Cloudflare from $330.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $321.85.

Cloudflare Company Profile

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

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