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

Cloudflare, Inc. (NYSE:NET) Director Mark Hawkins sold 133 shares of Cloudflare stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $277.74, for a total value of $36,939.42. Following the transaction, the director owned 10,632 shares in the company, valued at approximately $2,952,931.68. This represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Stock Up 6.6%

NYSE:NET opened at $301.33 on Wednesday. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $303.76. The stock has a 50-day moving average price of $253.08 and a two-hundred day moving average price of $216.81. The stock has a market cap of $106.51 billion, a price-to-earnings ratio of -1,205.32, a PEG ratio of 211.46 and a beta of 1.65. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29.

Cloudflare (NYSE:NET) last released 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 for the quarter, compared to analyst estimates of $620.83 million. During the same quarter last year, the firm posted $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. As a group, equities analysts expect that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NET shares. Deutsche Bank Aktiengesellschaft raised shares of Cloudflare to a “buy” rating in a research note on Tuesday, July 7th. BTIG Research boosted their price objective on shares of Cloudflare from $269.00 to $314.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Sanford C. Bernstein reiterated a “market perform” rating and set a $136.00 target price on shares of Cloudflare in a report on Wednesday, June 10th. New Street Research reissued a “market outperform” rating on shares of Cloudflare in a research note on Monday, June 15th. Finally, Guggenheim reissued a “sell” rating and issued a $140.00 price target on shares of Cloudflare in a research note on Wednesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $265.27.

More Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Jefferies expects stronger growth and potential guidance increases. Analysts anticipate second-quarter revenue acceleration and a possible full-year outlook raise. Cloudflare’s midpoint revenue guidance of $664.5 million implies approximately 30% year-over-year growth, while investors are looking for a path toward mid-30% growth by the end of 2026. Cloudflare poised for second quarter revenue acceleration, says Jefferies
• Positive Sentiment: AI-related product development supports the growth narrative. Cloudflare’s effort to give AI agents identity and wallet capabilities could strengthen its position in emerging AI infrastructure and security markets. Cloudflare Gives AI Agents an Identity and a Wallet
• Neutral Sentiment: Cloudflare is approaching a significant earnings catalyst. Pre-earnings coverage is focused on AI, Zero Trust, developer-platform demand, revenue growth and margins. The company previously reported quarterly revenue of $639.76 million, up 33.5% year over year, and exceeded the consensus EPS estimate. Cloudflare to Post Q2 Earnings: What’s in Store for the Stock?
• Neutral Sentiment: Director Mark J. Hawkins sold a small portion of his holdings. Hawkins sold 133 shares for approximately $36,939, reducing his position by 1.24%. Because the transaction occurred under a pre-arranged Rule 10b5-1 plan and he retained 10,632 shares, the sale provides limited evidence of a change in business outlook. SEC insider filing
• Negative Sentiment: Valuation remains the principal risk. After a substantial multiyear rally, Cloudflare trades at demanding revenue and earnings multiples. Analysts warn that even a results beat may not be enough if growth, profitability or cash-flow expansion fails to exceed elevated expectations. Three Things I Love About Cloudflare And Why I’m Stuck At Hold Anyway

Institutional Trading of Cloudflare

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in Cloudflare during the fourth quarter valued at approximately $718,316,000. Jennison Associates LLC increased its position in shares of Cloudflare by 135.8% during the 1st 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 last quarter. Corient Private Wealth LLC increased its position in shares of Cloudflare by 4,042.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock worth $275,887,000 after purchasing an additional 1,365,598 shares during the last quarter. Swedbank AB raised its stake in shares of Cloudflare by 697.5% during the 1st quarter. Swedbank AB now owns 927,606 shares of the company’s stock worth $191,402,000 after purchasing an additional 811,297 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Cloudflare by 25.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock worth $323,259,000 after purchasing an additional 336,768 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.