Cloudflare (NYSE:NET) Director Sells $1,081,042.38 in Stock

Cloudflare, Inc. (NYSE:NET) Director Carl Ledbetter sold 5,009 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $215.82, for a total transaction of $1,081,042.38. Following the transaction, the director owned 923,073 shares of the company’s stock, valued at $199,217,614.86. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Carl Ledbetter also recently made the following trade(s):

• On Tuesday, May 5th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The stock was sold at an average price of $238.12, for a total transaction of $3,571,800.00.
• On Tuesday, April 28th, Carl Ledbetter sold 9,991 shares of Cloudflare stock. The stock was sold at an average price of $215.85, for a total transaction of $2,156,557.35.
• On Wednesday, March 18th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The stock was sold at an average price of $227.05, for a total transaction of $3,405,750.00.

Cloudflare Trading Up 1.7%

NYSE NET opened at $248.69 on Thursday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.35. Cloudflare, Inc. has a 52 week low of $120.55 and a 52 week high of $260.00. The stock has a market capitalization of $87.53 billion, a PE ratio of -857.53 and a beta of 1.67. The firm has a 50 day moving average of $203.01 and a two-hundred day moving average of $200.50.

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

Institutional Trading of Cloudflare

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NET. Morgan Stanley set a $245.00 target price on shares of Cloudflare in a report on Wednesday, February 11th. DZ Bank upgraded shares of Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a report on Friday, February 13th. New Street Research set a $140.00 target price on shares of Cloudflare in a report on Wednesday, February 11th. Needham & Company LLC lowered their target price on shares of Cloudflare from $285.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, February 11th. Finally, Wells Fargo & Company upped their target price on shares of Cloudflare from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and a consensus target price of $232.62.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Forrester named Cloudflare a Leader in its Edge Development Platforms report — third‑party validation that supports Cloudflare’s positioning in edge and developer tools. Cloudflare Named a Leader in Edge Development Platforms
• Positive Sentiment: Cloudflare rolled out automated onboarding for AI agents and large startup credits (up to $100k) to drive AI‑native app adoption — a strategic revenue/engagement initiative that could accelerate customer acquisition. Cloudflare Bets on AI Agent Onboarding
• Positive Sentiment: High‑profile endorsement: Jim Cramer called Cloudflare a “terrific cyber defender,” which can boost retail interest and short‑term buying momentum ahead of earnings. Jim Cramer Praises Cloudflare
• Neutral Sentiment: Analysts preview Q1 as a binary event: strong AI & enterprise demand could drive upside, but macro pressures and deal timing create downside risk if execution slips. Q1 Earnings Preview
• Neutral Sentiment: Broker/analyst coverage remains constructive overall (consensus target ≈ $230–$233), but views are mixed — supportive for buy‑side flows, yet limiting the scope for big new upgrades. Analyst Coverage Roundup
• Neutral Sentiment: Small director sale (Mark Hawkins sold 133 shares) disclosed — immaterial individually but part of recent insider activity. Mark Hawkins Form 4
• Negative Sentiment: Insider selling: Directors Carl Ledbetter (15,000 shares at ~$238) and John Graham‑Cumming (2,520 shares at ~$221.58) reported sales under Rule 10b5‑1 plans — investors sometimes interpret clustered sales as a caution signal despite being pre‑arranged. Carl Ledbetter Form 4 John Graham‑Cumming Form 4
• Negative Sentiment: Valuation pushback: Seeking Alpha downgraded NET to Hold, arguing the story is largely priced in — a narrative that can pressure value‑oriented funds and temper sustained rallies. Seeking Alpha Downgrade

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.