Cloudflare (NYSE:NET) Insider Alissa Michelle Starzak Sells 16,243 Shares

Cloudflare, Inc. (NYSE:NET) insider Alissa Michelle Starzak sold 16,243 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $216.15, for a total value of $3,510,924.45. Following the completion of the sale, the insider directly owned 118,395 shares in the company, valued at approximately $25,591,079.25. This represents a 12.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Stock Performance

NET stock traded up $28.05 during trading on Monday, reaching $269.87. 8,448,216 shares of the stock were exchanged, compared to its average volume of 4,907,803. The stock has a 50 day simple moving average of $209.52 and a 200-day simple moving average of $198.92. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $271.20. The company has a market capitalization of $95.39 billion, a P/E ratio of -1,079.48 and a beta of 1.70.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $639.76 million during the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter last year, the company earned $0.16 EPS. 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 Trading of Cloudflare

Several hedge funds have recently added to or reduced their stakes in the business. Frank Rimerman Advisors LLC boosted its stake in shares of Cloudflare by 1.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 2,821 shares of the company’s stock worth $605,000 after buying an additional 51 shares during the last quarter. Quadrant Private Wealth Management LLC lifted its stake in Cloudflare by 3.2% in the 1st quarter. Quadrant Private Wealth Management LLC now owns 1,653 shares of the company’s stock valued at $341,000 after purchasing an additional 51 shares during the last quarter. Essential Partners LLC lifted its stake in Cloudflare by 14.5% in the 1st quarter. Essential Partners LLC now owns 402 shares of the company’s stock valued at $83,000 after purchasing an additional 51 shares during the last quarter. Jamison Private Wealth Management Inc. lifted its stake in Cloudflare by 2.6% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 2,064 shares of the company’s stock valued at $426,000 after purchasing an additional 52 shares during the last quarter. Finally, Revisor Wealth Management LLC lifted its stake in Cloudflare by 4.0% in the 1st quarter. Revisor Wealth Management LLC now owns 1,390 shares of the company’s stock valued at $287,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Analysts Set New Price Targets

NET has been the subject of a number of research analyst reports. Robert W. Baird set a $260.00 target price on shares of Cloudflare and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Scotiabank cut their target price on shares of Cloudflare from $255.00 to $225.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 11th. Morgan Stanley set a $245.00 target price on shares of Cloudflare in a research note on Wednesday, February 11th. BTIG Research restated a “buy” rating and issued a $243.00 price objective on shares of Cloudflare in a research report on Friday, May 8th. Finally, Stifel Nicolaus set a $260.00 price objective on shares of Cloudflare in a research report on Friday, May 8th. Eighteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Cloudflare presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.68.

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.