Katrin Suder Sells 293 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) Director Katrin Suder sold 293 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $252.92, for a total transaction of $74,105.56. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Trading Down 4.8%

Shares of NET opened at $235.88 on Wednesday. The firm has a market cap of $83.38 billion, a price-to-earnings ratio of -943.50, a PEG ratio of 4,156.04 and a beta of 1.70. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $276.82. The firm has a 50 day moving average price of $214.74 and a 200-day moving average price of $201.01.

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

Analyst Ratings Changes

NET has been the subject of a number of recent research reports. DZ Bank upgraded shares of Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a report on Friday, February 13th. Jefferies Financial Group assumed coverage on shares of Cloudflare in a research note on Wednesday, April 15th. They issued a “buy” rating on the stock. KeyCorp downgraded shares of Cloudflare from an “overweight” rating to a “hold” rating in a research note on Wednesday, April 15th. Mizuho decreased their target price on shares of Cloudflare from $255.00 to $235.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 14th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $220.00 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 issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $239.08.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its position in Cloudflare by 8.0% during the 1st quarter. Parallel Advisors LLC now owns 5,510 shares of the company’s stock valued at $1,137,000 after purchasing an additional 406 shares during the period. Verus Capital Partners LLC increased its position in Cloudflare by 7.5% during the 1st quarter. Verus Capital Partners LLC now owns 1,345 shares of the company’s stock valued at $278,000 after purchasing an additional 94 shares during the period. Essential Partners LLC increased its position in Cloudflare by 14.5% during 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 period. Janus Henderson Group PLC increased its position in Cloudflare by 583.1% during the 1st quarter. Janus Henderson Group PLC now owns 241,367 shares of the company’s stock valued at $49,805,000 after purchasing an additional 206,032 shares during the period. Finally, Centaurus Financial Inc. increased its position in Cloudflare by 4.8% during the 1st quarter. Centaurus Financial Inc. now owns 1,780 shares of the company’s stock valued at $367,000 after purchasing an additional 82 shares during the period. 82.68% of the stock is owned by hedge funds and other institutional investors.

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.