Cloudflare (NYSE:NET) Shares Unloaded Rep. Josh Gottheimer

Representative Josh Gottheimer (Democratic-New Jersey) recently sold shares of Cloudflare, Inc. (NYSE:NET). In a filing disclosed on March 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in Cloudflare stock on February 4th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Palo Alto Networks (NASDAQ:PANW) on 2/27/2026.
• Purchased $1,001 – $15,000 in shares of Infineon Technologies (OTCMKTS:IFNNY) on 2/27/2026.
• Purchased $1,001 – $15,000 in shares of Federal Signal (NYSE:FSS) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 2/20/2026.
• Sold $1,001 – $15,000 in shares of Visa (NYSE:V) on 2/18/2026.
• Sold $1,001 – $15,000 in shares of Carvana (NYSE:CVNA) on 2/18/2026.
• Purchased $1,001 – $15,000 in shares of GE Vernova (NYSE:GEV) on 2/5/2026.
• Purchased $1,001 – $15,000 in shares of Cummins (NYSE:CMI) on 2/5/2026.
• Purchased $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 2/5/2026.
• Purchased $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 2/4/2026.

Cloudflare Trading Up 2.3%

NYSE NET traded up $4.97 during trading on Wednesday, hitting $218.12. The stock had a trading volume of 3,234,637 shares, compared to its average volume of 4,715,166. The company has a market capitalization of $76.77 billion, a PE ratio of -752.11 and a beta of 1.98. Cloudflare, Inc. has a twelve month low of $89.42 and a twelve month high of $260.00. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.35. The firm has a 50 day moving average price of $189.47 and a 200 day moving average price of $203.43.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $614.51 million during the quarter, compared to analysts’ expectations of $591.67 million. Cloudflare had a negative net margin of 4.72% and a negative return on equity of 7.24%. The business’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 earnings per share. As a group, equities research analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $189.50, for a total value of $4,858,969.50. Following the sale, the insider owned 34,514 shares of the company’s stock, valued at $6,540,403. The trade was a 42.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Janel Riley sold 23,332 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $190.00, for a total transaction of $4,433,080.00. Following the transaction, the chief accounting officer owned 56,791 shares in the company, valued at approximately $10,790,290. This trade represents a 29.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 641,768 shares of company stock worth $122,539,186. 10.89% of the stock is currently owned by insiders.

Analyst Ratings Changes

NET has been the subject of several recent research reports. Wolfe Research reiterated a “peer perform” rating on shares of Cloudflare in a research note on Monday, January 26th. Guggenheim lifted their price target on shares of Cloudflare from $117.00 to $140.00 and gave the stock a “sell” rating in a research note on Wednesday, February 11th. Piper Sandler boosted their target price on shares of Cloudflare from $220.00 to $222.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 11th. Susquehanna set a $190.00 price objective on Cloudflare in a research report on Thursday, February 12th. Finally, Robert W. Baird set a $260.00 price objective on Cloudflare and gave the company an “outperform” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $233.38.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Purpose Unlimited Inc. purchased a new stake in shares of Cloudflare during the fourth quarter worth approximately $721,000. Stance Capital LLC grew its position in Cloudflare by 10.7% in the 4th quarter. Stance Capital LLC now owns 6,721 shares of the company’s stock valued at $1,325,000 after buying an additional 650 shares during the last quarter. Osbon Capital Management LLC acquired a new position in Cloudflare in the 4th quarter valued at $2,456,000. Fund Advisors of America Inc FL acquired a new position in Cloudflare in the 4th quarter valued at $1,900,000. Finally, Spear Advisors LLC purchased a new position in Cloudflare during the 4th quarter worth $5,844,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.