Cloudflare (NYSE:NET) Director Mark Hawkins Sells 133 Shares

Cloudflare, Inc. (NYSE:NET) Director Mark Hawkins sold 133 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $249.00, for a total transaction of $33,117.00. Following the sale, the director directly owned 10,765 shares in the company, valued at $2,680,485. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Trading Down 1.7%

Shares of NET stock traded down $4.17 during mid-day trading on Thursday, hitting $242.14. 2,825,531 shares of the company’s stock were exchanged, compared to its average volume of 4,502,912. The stock has a market cap of $85.59 billion, a price-to-earnings ratio of -968.56, a PEG ratio of 247.03 and a beta of 1.67. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $276.82. The stock has a 50-day simple moving average of $224.70 and a two-hundred day simple moving average of $204.34.

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

Hedge Funds Weigh In On Cloudflare

A number of hedge funds have recently modified their holdings of NET. Lingotto Investment Management LLP acquired a new position in Cloudflare in the 4th quarter valued at approximately $34,626,000. Trek Financial LLC acquired a new stake in shares of Cloudflare during the 4th quarter valued at $1,793,000. Jupiter Asset Management Ltd. grew its holdings in shares of Cloudflare by 1,984.7% during the 4th quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock valued at $38,979,000 after acquiring an additional 188,226 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Cloudflare by 25.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock worth $323,259,000 after acquiring an additional 336,768 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in shares of Cloudflare by 17.6% in the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock worth $284,900,000 after acquiring an additional 206,506 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NET. BTIG Research upped their target price on shares of Cloudflare from $243.00 to $269.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Susquehanna lifted their target price on Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Jefferies Financial Group began coverage on Cloudflare in a research report on Wednesday, April 15th. They set a “buy” rating on the stock. Royal Bank Of Canada lifted their price objective on shares of Cloudflare from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a report on Monday, April 20th. Twenty-one equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $241.35.

Cloudflare Company Profile

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.