Janel Riley Sells 3,481 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) CAO Janel Riley sold 3,481 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $305.26, for a total value of $1,062,610.06. Following the transaction, the chief accounting officer owned 41,547 shares of the company’s stock, valued at $12,682,637.22. This represents a 7.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Janel Riley also recently made the following trade(s):

• On Monday, August 17th, Janel Riley sold 1,667 shares of Cloudflare stock. The stock was sold at an average price of $310.36, for a total value of $517,370.12.

Cloudflare Stock Performance

NYSE NET traded down $9.33 during trading hours on Wednesday, hitting $292.03. The company had a trading volume of 3,092,386 shares, compared to its average volume of 4,333,878. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. The firm has a market cap of $103.22 billion, a P/E ratio of -503.50, a price-to-earnings-growth ratio of 230.77 and a beta of 1.65. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $332.22. The business has a fifty day simple moving average of $264.47 and a 200-day simple moving average of $225.49.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $696.06 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Equities analysts predict that Cloudflare, Inc. will post 0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NET. Piper Sandler raised their price target on shares of Cloudflare from $250.00 to $333.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Scotiabank boosted their price objective on Cloudflare from $300.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. New Street Research reissued a “market outperform” rating on shares of Cloudflare in a report on Monday, June 15th. Barclays raised their target price on Cloudflare from $300.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, Citigroup lifted their target price on Cloudflare from $265.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cloudflare has an average rating of “Moderate Buy” and a consensus price target of $320.19.

Institutional Investors Weigh In On Cloudflare

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HM Payson & Co. bought a new position in Cloudflare during the 4th quarter valued at $25,000. Wiser Advisor Group LLC acquired a new position in shares of Cloudflare during the 3rd quarter valued at $26,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Cloudflare in the 2nd quarter worth $30,000. Wexford Capital LP bought a new stake in shares of Cloudflare in the 3rd quarter worth $30,000. Finally, CX Institutional lifted its holdings in shares of Cloudflare by 49.4% in 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. Institutional investors own 82.68% of the company’s stock.

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.