Cloudflare (NYSE:NET) CAO Sells $1,062,610.06 in Stock

Cloudflare, Inc. (NYSE:NET) CAO Janel Riley sold 3,481 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $305.26, for a total transaction of $1,062,610.06. Following the sale, the chief accounting officer directly owned 41,547 shares of the company’s stock, valued at $12,682,637.22. This represents a 7.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Janel Riley also recently made the following trade(s):

• On Monday, August 17th, Janel Riley sold 1,667 shares of Cloudflare stock. The stock was sold at an average price of $310.36, for a total value of $517,370.12.

Cloudflare Trading Up 5.1%

Shares of NYSE NET opened at $293.16 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $332.22. The business has a 50-day moving average price of $268.24 and a two-hundred day moving average price of $227.45. The firm has a market capitalization of $103.62 billion, a PE ratio of -505.45, a PEG ratio of 166.64 and a beta of 1.65.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The business had revenue of $696.06 million for the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. Cloudflare’s revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. As a group, analysts predict that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NET has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Cloudflare to a “buy” rating in a report on Tuesday, July 7th. Stifel Nicolaus set a $260.00 price target on Cloudflare in a research report on Friday, May 8th. Truist Financial lifted their price objective on Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Piper Sandler boosted their price objective on Cloudflare from $250.00 to $333.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, Wells Fargo & Company increased their target price on Cloudflare from $300.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $320.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in Cloudflare in the 4th quarter valued at $718,316,000. Jennison Associates LLC lifted its holdings 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 acquiring an additional 2,530,872 shares during the period. Corient Private Wealth LLC boosted 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 valued at $275,887,000 after acquiring an additional 1,365,598 shares in the last quarter. Swedbank AB boosted its position in shares of Cloudflare by 697.5% during the 1st quarter. Swedbank AB now owns 927,606 shares of the company’s stock valued at $191,402,000 after acquiring an additional 811,297 shares in the last quarter. Finally, National Pension Service increased its stake in Cloudflare by 53.2% in the fourth quarter. National Pension Service now owns 948,003 shares of the company’s stock valued at $186,899,000 after acquiring an additional 329,341 shares during the period. 82.68% of the stock is owned by institutional investors.

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.