Thomas Seifert Sells 10,000 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) CFO Thomas Seifert sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $232.39, for a total value of $2,323,900.00. Following the completion of the transaction, the chief financial officer directly owned 116,733 shares of the company’s stock, valued at $27,127,581.87. The trade was a 7.89% decrease in their ownership of the stock. 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.

Cloudflare Price Performance

NYSE NET traded down $2.90 during trading hours on Wednesday, hitting $228.07. The company had a trading volume of 2,644,949 shares, compared to its average volume of 4,601,319. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $276.82. The firm has a 50 day simple moving average of $216.97 and a 200 day simple moving average of $202.23. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a market capitalization of $80.61 billion, a price-to-earnings ratio of -912.28, a PEG ratio of 496.37 and a beta of 1.70.

Cloudflare (NYSE:NET) last released 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 during the quarter, compared to analyst estimates of $620.83 million. During the same period last year, the business earned $0.16 earnings per share. Cloudflare’s revenue was up 33.5% compared to the same quarter last year. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Equities research analysts expect that Cloudflare, Inc. will post 0.01 earnings per share for the current year.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare launched a new Cloudflare One Design Partner Designation to deepen partner expertise around secure AI and SASE adoption, which could help strengthen enterprise demand for its security platform. Cloudflare Launches Design Partner Designation to Accelerate Secure AI and Seamless SASE Adoption
• Positive Sentiment: Cloudflare was highlighted by Zacks as one of the most watched stocks and appeared in a list of top generative AI software names, reinforcing investor interest in the company’s AI-related growth story.
• Positive Sentiment: Third-party coverage around open-source AI infrastructure and security adoption continues to keep Cloudflare positioned as a beneficiary of the AI buildout theme.
• Neutral Sentiment: A separate company announcement from Spur said it added a no-code Cloudflare integration for session enrichment and traffic enforcement, which supports ecosystem visibility but does not materially change Cloudflare’s fundamentals. Spur Enhances Monocle Session Enrichment with No-Code Cloudflare Integration to Accelerate Inline Traffic Enforcement
• Neutral Sentiment: Analysts remain constructive overall, with multiple firms maintaining bullish ratings, but views are mixed given one recent sell rating still on the board.
• Negative Sentiment: Director John Graham-Cumming disclosed the sale of 2,520 shares under a pre-arranged trading plan, which can still weigh on investor sentiment despite being routine. Cloudflare (NYSE:NET) Director John Graham-Cumming Sells 2,520 Shares
• Negative Sentiment: JLens urged shareholders to withhold votes on two directors ahead of Cloudflare’s June 30 annual meeting, adding a governance overhang that may make some investors cautious. JLens Urges Cloudflare Shareholders to Vote WITHHOLD on the Election of Two Directors at the Annual Meeting on June 30, 2026
• Negative Sentiment: Cloudflare also recently underperformed the broader market in a trading session, suggesting some near-term profit-taking after strength earlier in the week. Cloudflare (NET) Registers a Bigger Fall Than the Market: Important Facts to Note

Analysts Set New Price Targets

Several research firms recently issued reports on NET. Guggenheim reissued a “sell” rating and set a $140.00 price objective on shares of Cloudflare in a research note on Wednesday, June 10th. Cantor Fitzgerald reiterated a “neutral” rating and set a $230.00 price target (up from $224.00) on shares of Cloudflare in a research report on Wednesday, June 10th. Sanford C. Bernstein reiterated a “market perform” rating and set a $136.00 price target on shares of Cloudflare in a research report on Wednesday, June 10th. KeyCorp reiterated an “overweight” rating on shares of Cloudflare in a research report on Wednesday, June 10th. Finally, The Goldman Sachs Group lowered shares of Cloudflare from a “buy” rating to a “sell” rating in a research report on Wednesday, April 15th. Twenty-one equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.35.

Institutional Investors Weigh In On Cloudflare

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC raised its holdings in Cloudflare by 34.2% in the 1st quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock worth $750,000 after purchasing an additional 1,696 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Cloudflare in the 2nd quarter worth approximately $424,000. Cerity Partners LLC raised its position in shares of Cloudflare by 30.1% in the 2nd quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock worth $5,391,000 after acquiring an additional 6,363 shares in the last quarter. Sei Investments Co. raised its position in shares of Cloudflare by 40.1% in the 2nd quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock worth $64,432,000 after acquiring an additional 94,112 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Cloudflare by 14.6% in the second quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock worth $3,224,000 after purchasing an additional 2,093 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.

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.