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

Cloudflare, Inc. (NYSE:NET) CAO Janel Riley sold 3,481 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $193.32, for a total value of $672,946.92. Following the completion of the sale, the chief accounting officer directly owned 49,163 shares of the company’s stock, valued at $9,504,191.16. The trade was a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, May 15th, Janel Riley sold 3,333 shares of Cloudflare stock. The shares were sold at an average price of $196.95, for a total transaction of $656,434.35.
• On Thursday, March 5th, Janel Riley sold 23,332 shares of Cloudflare stock. The shares were sold at an average price of $190.00, for a total transaction of $4,433,080.00.

Cloudflare Stock Performance

NYSE:NET traded up $5.06 during trading hours on Tuesday, reaching $206.81. 3,574,344 shares of the company’s stock were exchanged, compared to its average volume of 4,738,881. The firm has a market capitalization of $73.10 billion, a price-to-earnings ratio of -827.25 and a beta of 1.67. The company has a 50-day moving average of $207.12 and a 200 day moving average of $199.76. 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 1-year low of $154.93 and a 1-year high of $260.00.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The company had revenue of $639.76 million for the quarter, compared to analyst estimates of $620.83 million. During the same period in the previous year, the business posted $0.16 earnings per share. Cloudflare’s quarterly revenue was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Research analysts anticipate that Cloudflare, Inc. will post -0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NET. BTIG Research restated a “buy” rating and issued a $243.00 price target on shares of Cloudflare in a research report on Friday, May 8th. Truist Financial set a $225.00 price target on Cloudflare in a research report on Tuesday, January 20th. Royal Bank Of Canada boosted their price target on Cloudflare from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Zacks Research upgraded Cloudflare from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Finally, Morgan Stanley set a $245.00 target price on shares of Cloudflare in a research note on Wednesday, February 11th. Eighteen 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, the company has a consensus rating of “Moderate Buy” and an average price target of $236.68.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Frank Rimerman Advisors LLC increased its stake in shares of Cloudflare by 1.8% during the third quarter. Frank Rimerman Advisors LLC now owns 2,821 shares of the company’s stock worth $605,000 after acquiring an additional 51 shares during the period. Quadrant Private Wealth Management LLC increased its stake in shares of Cloudflare by 3.2% during the first quarter. Quadrant Private Wealth Management LLC now owns 1,653 shares of the company’s stock worth $341,000 after acquiring an additional 51 shares during the period. Jamison Private Wealth Management Inc. grew its stake in shares of Cloudflare by 2.6% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 2,064 shares of the company’s stock worth $426,000 after purchasing an additional 52 shares during the period. Revisor Wealth Management LLC grew its stake in shares of Cloudflare by 4.0% during the 1st quarter. Revisor Wealth Management LLC now owns 1,390 shares of the company’s stock worth $287,000 after purchasing an additional 53 shares during the period. Finally, IMA Advisory Services Inc. increased its holdings in shares of Cloudflare by 4.5% in the 4th quarter. IMA Advisory Services Inc. now owns 1,290 shares of the company’s stock valued at $254,000 after purchasing an additional 55 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare announced a collaboration with Anthropic to launch Cloudflare Environments for Claude Managed Agents, which could strengthen its positioning in AI infrastructure and developer tooling. Cloudflare Brings Secure, Scalable Sandboxes to Claude Managed Agents
• Positive Sentiment: Recent coverage highlighted Cloudflare’s AI-first pivot and workforce reduction as part of a strategy to improve efficiency while expanding AI products, which may be viewed as a margin and growth catalyst. Cloudflare Reshapes Business With AI Pivot And 20% Workforce Cut
• Positive Sentiment: Investor interest in AI-linked internet software names and a sectorwide lift after a strong Cisco report have also helped sentiment around NET. Why Cloudflare (NET) Stock Is Trading Up Today
• Neutral Sentiment: Analyst and media commentary continues to group Cloudflare with other AI software beneficiaries, but this is more sentiment-driven than a new fundamental update. Fastly’s Compute Revenues Surge: Is AI Demand Powering Growth?
• Negative Sentiment: Chief accounting officer Janel Riley sold shares in two separate transactions, and CFO Thomas J. Seifert also sold 10,000 shares, which can create some short-term pressure even though all were under pre-arranged 10b5-1 plans.

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.