Cloudflare (NYSE:NET) Director Sells $1,522,000.00 in Stock

Cloudflare, Inc. (NYSE:NET) Director Carl Ledbetter sold 5,000 shares of the business’s stock in a transaction on Monday, October 19th. The shares were sold at an average price of $304.40, for a total value of $1,522,000.00. Following the transaction, the director owned 868,073 shares of the company’s stock, valued at approximately $264,241,421.20. The trade was a 0.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Tuesday, September 22nd, Carl Ledbetter sold 5,000 shares of Cloudflare stock. The shares were sold at an average price of $353.15, for a total value of $1,765,750.00.
• On Monday, September 14th, Carl Ledbetter sold 5,000 shares of Cloudflare stock. The stock was 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.

Cloudflare Stock Up 5.5%

Shares of NET opened at $307.81 on Thursday. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month 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 firm has a fifty day moving average price of $318.88 and a 200-day moving average price of $266.41.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $696.06 million for 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 business’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. 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, equities analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current year.

Analysts Set New Price Targets

NET has been the subject of several research analyst reports. UBS Group lifted their price target on shares of Cloudflare from $250.00 to $350.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Raymond James Financial began coverage on Cloudflare in a research note on Tuesday, July 7th. They issued a “strong-buy” rating on the stock. Mizuho raised their price objective on Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Barclays lifted their target price on Cloudflare from $355.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $370.00 target price on shares of Cloudflare in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Cloudflare presently has a consensus rating of “Moderate Buy” and an average target price of $330.59.

Institutional Investors Weigh In On Cloudflare

Several hedge funds have recently modified their holdings of the business. Armstrong Advisory Group Inc. boosted its stake in shares of Cloudflare by 31.2% during the third quarter. Armstrong Advisory Group Inc. now owns 164 shares of the company’s stock valued at $57,000 after purchasing an additional 39 shares in the last quarter. CX Institutional increased its holdings in Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after buying an additional 44 shares during the period. Wealth Architects LLC increased its holdings in Cloudflare by 4.6% during the second quarter. Wealth Architects LLC now owns 1,022 shares of the company’s stock valued at $251,000 after buying an additional 45 shares during the period. Cornerstone Financial Management LLC raised its stake in Cloudflare by 65.3% in the second quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock worth $29,000 after buying an additional 47 shares in the last quarter. Finally, Forum Financial Management LP raised its stake in Cloudflare by 3.5% in the second quarter. Forum Financial Management LP now owns 1,498 shares of the company’s stock worth $367,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare is expanding its Cloudflare OS AI workspace with integrations into enterprise software platforms. The broader partner ecosystem could help large businesses deploy AI workflows while keeping data and access controls within Cloudflare’s security infrastructure. Cloudflare Deepens Cloudflare OS Ties With Enterprise Software
• Positive Sentiment: More than 10 million developers are reportedly building on Cloudflare, highlighting the reach of its platform and potentially strengthening future adoption of its security, connectivity and AI products. More than 10 Million Developers Are Building on Cloudflare
• Positive Sentiment: Stifel reiterated a Buy rating, citing opportunities across Cloudflare’s various growth initiatives. The company’s latest reported quarter also showed 35.9% year-over-year revenue growth, an earnings beat and raised full-year 2026 guidance, supporting the growth-stock narrative. Stifel Reiterates Buy on Cloudflare
• Neutral Sentiment: Despite a strong one-year return and rapid sales growth, NET recently experienced a sharp weekly pullback, underscoring elevated volatility. The stock remains above its 200-day moving average but below its 50-day average, reflecting mixed near-term momentum. Cloudflare Stock Risk Analysis
• Negative Sentiment: CFO Thomas Seifert sold 12,500 shares and Director Carl Ledbetter sold 5,000 shares under pre-arranged Rule 10b5-1 plans. The sales were limited relative to their remaining holdings and do not necessarily signal deteriorating fundamentals, but they may add pressure to sentiment. Cloudflare CFO Insider Sale
• Negative Sentiment: Investor concerns include declining gross margins and a reported 20% workforce reduction, which could indicate efforts to improve efficiency but may also raise questions about operating momentum and execution. NET’s very high valuation leaves little room for disappointing growth or profitability. Cloudflare Q2 Earnings Analysis

Cloudflare Company Profile

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.