Alissa Michelle Starzak Sells 16,243 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) insider Alissa Michelle Starzak sold 16,243 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $216.15, for a total transaction of $3,510,924.45. Following the completion of the transaction, the insider directly owned 118,395 shares in the company, valued at approximately $25,591,079.25. This represents a 12.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Stock Performance

Cloudflare stock traded up $28.05 during trading hours on Monday, hitting $269.87. The company had a trading volume of 8,448,216 shares, compared to its average volume of 4,907,803. The firm has a market cap of $95.39 billion, a PE ratio of -1,079.48 and a beta of 1.70. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $271.20. The firm has a 50-day moving average of $209.52 and a 200 day moving average of $198.92.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $639.76 million for the quarter, compared to analysts’ expectations of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The business’s revenue was up 33.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.

Institutional Investors Weigh In On Cloudflare

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH lifted its holdings in Cloudflare by 322.4% in the third quarter. Allianz Asset Management GmbH now owns 65,182 shares of the company’s stock valued at $13,987,000 after buying an additional 49,749 shares during the period. National Pension Service increased its stake in Cloudflare by 1.0% in the third quarter. National Pension Service now owns 618,662 shares of the company’s stock valued at $132,759,000 after purchasing an additional 5,939 shares in the last quarter. Trek Financial LLC bought a new stake in Cloudflare in the fourth quarter valued at $1,793,000. Massachusetts Financial Services Co. MA increased its stake in Cloudflare by 25.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock valued at $323,259,000 after purchasing an additional 336,768 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its stake in Cloudflare by 1,984.7% in the fourth quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock valued at $38,979,000 after purchasing an additional 188,226 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NET has been the topic of several research analyst reports. Stifel Nicolaus set a $260.00 price target on shares of Cloudflare in a report on Friday, May 8th. Scotiabank lowered their price target on shares of Cloudflare from $255.00 to $225.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 11th. KeyCorp cut shares of Cloudflare from an “overweight” rating to a “hold” rating in a report on Wednesday, April 15th. UBS Group reaffirmed a “neutral” rating and set a $220.00 target price on shares of Cloudflare in a report on Wednesday, February 11th. Finally, Barclays reaffirmed an “overweight” rating and set a $250.00 target price on shares of Cloudflare in a report on Monday. Eighteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.68.

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.