Mark Hawkins Sells 133 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) Director Mark Hawkins sold 133 shares of Cloudflare stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $249.00, for a total transaction of $33,117.00. Following the completion of the sale, the director owned 10,765 shares of the company’s stock, valued at $2,680,485. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Stock Performance

Shares of NYSE NET traded down $4.17 during trading hours on Thursday, hitting $242.14. 2,825,531 shares of the stock were exchanged, compared to its average volume of 4,502,912. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The company’s 50 day moving average is $224.70 and its 200 day moving average is $204.34. The firm has a market capitalization of $85.59 billion, a P/E ratio of -968.56, a P/E/G ratio of 247.03 and a beta of 1.67. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $276.82.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company had revenue of $639.75 million during the quarter, compared to analyst estimates of $620.83 million. During the same period in the previous year, the company earned $0.16 earnings per share. The company’s quarterly 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. On average, research analysts expect that Cloudflare, Inc. will post 0.02 EPS for the current year.

Institutional Investors Weigh In On Cloudflare

Several hedge funds and other institutional investors have recently made changes to their positions in NET. Vanguard Group Inc. raised its position in shares of Cloudflare by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock worth $6,389,167,000 after acquiring an additional 90,397 shares during the last quarter. Geode Capital Management LLC increased its position in Cloudflare by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock worth $1,184,044,000 after purchasing an additional 241,981 shares during the period. Jennison Associates LLC increased its position in Cloudflare by 135.8% in the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after purchasing an additional 2,530,872 shares during the period. First Trust Advisors LP raised its holdings in Cloudflare by 1.6% during the 4th quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock worth $792,377,000 after purchasing an additional 63,198 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Cloudflare by 1.3% during the 3rd quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock worth $850,792,000 after purchasing an additional 49,485 shares during the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NET shares. Jefferies Financial Group started coverage on Cloudflare in a research note on Wednesday, April 15th. They set a “buy” rating on the stock. Citizens Jmp reissued a “market outperform” rating and set a $270.00 price objective on shares of Cloudflare in a report on Monday, June 15th. Sanford C. Bernstein restated a “market perform” rating and set a $136.00 price objective on shares of Cloudflare in a research report on Wednesday, June 10th. Citigroup restated a “market outperform” rating on shares of Cloudflare in a research note on Monday, June 15th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research report on Monday, April 20th. Twenty-one investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $241.35.

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.