Cloudflare (NYSE:NET) Director Sells $74,105.56 in Stock

Cloudflare, Inc. (NYSE:NET) Director Katrin Suder sold 293 shares of Cloudflare stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $252.92, for a total value of $74,105.56. Following the completion of the transaction, the director owned 37,430 shares of the company’s stock, valued at approximately $9,466,795.60. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Stock Performance

NET stock traded down $2.10 during midday trading on Monday, reaching $248.01. The company had a trading volume of 3,179,143 shares, compared to its average volume of 4,671,553. The stock has a 50 day moving average price of $213.32 and a 200 day moving average price of $200.36. The firm has a market capitalization of $87.66 billion, a PE ratio of -992.06, a P/E/G ratio of 4,194.92 and a beta of 1.70. 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.

Cloudflare (NYSE:NET) last released its quarterly earnings results 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. The company had revenue of $639.76 million for the quarter, compared to analysts’ expectations of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the company 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.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NET. Wiser Advisor Group LLC purchased a new position in Cloudflare in the third quarter valued at about $26,000. HM Payson & Co. bought a new stake in shares of Cloudflare in the 4th quarter valued at approximately $25,000. Wexford Capital LP bought a new stake in shares of Cloudflare in the 3rd quarter valued at approximately $30,000. Ameriflex Group Inc. increased its holdings in Cloudflare by 105.6% in the third quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after buying an additional 76 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in Cloudflare by 55.4% in the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after buying an additional 56 shares during the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NET has been the topic of a number of research analyst reports. Robert W. Baird set a $260.00 price target on Cloudflare and gave the company an “outperform” rating in a report on Wednesday, February 11th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Cloudflare in a research report on Friday, May 22nd. Jefferies Financial Group assumed coverage on shares of Cloudflare in a research note on Wednesday, April 15th. They set a “buy” rating on the stock. Morgan Stanley restated an “overweight” rating and set a $305.00 price target on shares of Cloudflare in a research report on Thursday. Finally, UBS Group reiterated a “neutral” rating and issued a $220.00 price objective on shares of Cloudflare in a report on Wednesday, February 11th. Eighteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $239.08.

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.