Cloudflare (NYSE:NET) Stock Gets Price Target Increase from BTIG Research

Cloudflare (NYSE:NET) had its price objective increased by investment analysts at BTIG Research from $382.00 to $413.00 in a report issued on Tuesday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. BTIG Research’s target price indicates a potential upside of 20.69% from the stock’s previous close.

Several other research analysts have also issued reports on NET. KeyCorp lifted their price target on shares of Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Piper Sandler raised their price objective on Cloudflare from $250.00 to $333.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Benchmark lowered Cloudflare to an “underperform” rating in a research report on Tuesday, July 7th. New Street Research reaffirmed a “market outperform” rating on shares of Cloudflare in a report on Monday, June 15th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $340.00 price target on shares of Cloudflare in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $326.33.

Cloudflare Stock Performance

NET opened at $342.19 on Tuesday. The business has a 50 day moving average price of $313.26 and a two-hundred day moving average price of $258.43. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. The company has a market capitalization of $120.96 billion, a price-to-earnings ratio of -589.99, a price-to-earnings-growth ratio of 282.35 and a beta of 1.65. Cloudflare has a 1-year low of $158.83 and a 1-year high of $370.35.

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

Insider Buying and Selling at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 33,003 shares of the company’s stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $348.29, for a total transaction of $11,494,614.87. Following the completion of the sale, the insider owned 69,775 shares of the company’s stock, valued at $24,301,934.75. This represents a 32.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Carl Ledbetter sold 5,000 shares of Cloudflare stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $353.15, for a total transaction of $1,765,750.00. Following the completion of the transaction, the director owned 873,073 shares in the company, valued at $308,325,729.95. This trade represents a 0.57% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 458,839 shares of company stock valued at $138,172,392. 10.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cloudflare

Hedge funds and other institutional investors have recently modified their holdings of the stock. Violich Capital Management Inc. bought a new position in shares of Cloudflare during the 3rd quarter worth about $226,000. Versant Capital Management Inc lifted its position in shares of Cloudflare by 14.8% in the 3rd quarter. Versant Capital Management Inc now owns 1,342 shares of the company’s stock worth $466,000 after acquiring an additional 173 shares during the period. Burkett Financial Services LLC bought a new stake in shares of Cloudflare in the 3rd quarter worth approximately $76,000. QRG Capital Management Inc. grew its holdings in shares of Cloudflare by 26.9% during the 2nd quarter. QRG Capital Management Inc. now owns 89,277 shares of the company’s stock worth $21,898,000 after purchasing an additional 18,914 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of Cloudflare by 11.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,229 shares of the company’s stock valued at $1,773,000 after purchasing an additional 738 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: BTIG raised its price target to $413 from $382 and maintained a Buy rating, citing further upside potential. The upgrade helped push Cloudflare to a new 12-month high. Cloudflare Reaches New 12-Month High Following Analyst Upgrade
• Positive Sentiment: Cloudflare launched Basin, a data platform designed for serverless analytics and AI workloads. Its use of open formats and lack of cross-cloud transfer fees could improve data-management economics and create a potential new growth driver. Cloudflare’s Data Platform Expands: Is Basin the Next Growth Driver?
• Positive Sentiment: AI-driven internet traffic remains a key bullish theme. Commentary highlighted Cloudflare’s positioning as AI agents increase web traffic, while company data indicated it was the fastest provider across 74% of the top 1,000 networks. Why Cloudflare Stock Is Trading Up
• Neutral Sentiment: Analysts’ average brokerage recommendation is equivalent to Buy, but the article cautions that consistently optimistic ratings may be less useful when evaluating a richly valued growth stock. Brokers Suggest Investing in Cloudflare
• Negative Sentiment: Valuation is the main concern. Jim Cramer said Cloudflare could benefit from rising AI traffic but expressed reservations about buying at its current valuation. The stock had also risen about 28% over the prior month, increasing the risk of profit-taking. Jim Cramer Loves Cloudflare, but There’s a Catch

About Cloudflare

Cloudflare, Inc is a connectivity cloud company that provides services designed to help organizations make their websites, applications and networks more secure, reliable and faster. Its global network sits between users and the services they access, supporting content delivery, domain name system services, traffic optimization and protection against distributed denial-of-service attacks and other online threats.

The company offers a range of application and network security products, including web application firewalls, bot management, application programming interface protection, zero-trust security and secure access services.