Key Points
- Carl Ledbetter sold 5,009 Cloudflare shares on May 1 at an average price of $215.82 under a pre-arranged Rule 10b5-1 plan, a $1.08M sale that trimmed his stake by about 0.54% (he still owns 923,073 shares valued at roughly $199.2M).
- Ledbetter has executed additional insider sales this year (9,991 shares on Apr 28 and 15,000 on Mar 18), totaling about 30,000 shares and roughly $6.64M in proceeds, indicating ongoing pre-planned liquidity rather than a single isolated trade.
- On fundamentals and sentiment, Cloudflare posted a revenue beat with revenue up 33.6% year-over-year and slight EPS upside, but retains negative net margin and ROE; analysts rate the stock a "Moderate Buy" with an average price target around $232, implying modest upside from recent levels.
Cloudflare, Inc. (NYSE:NET - Get Free Report) Director Mark Hawkins sold 133 shares of the business's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $211.62, for a total value of $28,145.46. Following the completion of the sale, the director owned 10,189 shares of the company's stock, valued at $2,156,196.18. The trade was a 1.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Cloudflare Stock Performance
NYSE:NET opened at $223.66 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.98 and a quick ratio of 1.98. Cloudflare, Inc. has a 1-year low of $120.46 and a 1-year high of $260.00. The business has a 50 day moving average of $199.89 and a 200 day moving average of $200.05. The company has a market capitalization of $78.72 billion, a price-to-earnings ratio of -771.21 and a beta of 1.67.
Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Cloudflare had a negative return on equity of 7.24% and a negative net margin of 4.72%.The firm had revenue of $614.51 million during the quarter, compared to the consensus estimate of $591.67 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The business's revenue was up 33.6% on a year-over-year basis. On average, sell-side analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts have weighed in on NET shares. Citigroup started coverage on Cloudflare in a research report on Wednesday, April 15th. They issued a "buy" rating for the company. Truist Financial set a $225.00 price objective on Cloudflare in a research report on Tuesday, January 20th. TD Cowen reiterated a "buy" rating on shares of Cloudflare in a research report on Tuesday, January 27th. Needham & Company LLC lowered their price objective on Cloudflare from $285.00 to $250.00 and set a "buy" rating for the company in a research report on Wednesday, February 11th. Finally, DZ Bank raised Cloudflare from a "hold" rating to a "buy" rating and set a $215.00 target price on the stock in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $232.62.
View Our Latest Research Report on Cloudflare
Institutional Investors Weigh In On Cloudflare
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NET. Norges Bank purchased a new stake in Cloudflare in the fourth quarter worth $718,316,000. Jennison Associates LLC grew its stake in Cloudflare by 802.6% in the fourth quarter. Jennison Associates LLC now owns 1,863,612 shares of the company's stock worth $367,411,000 after purchasing an additional 1,657,144 shares during the period. Corient Private Wealth LLC grew its stake in Cloudflare by 4,042.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company's stock worth $275,887,000 after purchasing an additional 1,365,598 shares during the period. Groupama Asset Managment grew its stake in Cloudflare by 82.6% in the third quarter. Groupama Asset Managment now owns 2,100,000 shares of the company's stock worth $450,639,000 after purchasing an additional 950,000 shares during the period. Finally, Vanguard Group Inc. grew its stake in Cloudflare by 2.6% in the third quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company's stock worth $6,934,958,000 after purchasing an additional 821,684 shares during the period. 82.68% of the stock is owned by hedge funds and other institutional investors.
Cloudflare News Roundup
Here are the key news stories impacting Cloudflare this week:
- Positive Sentiment: Cloudflare launched fully automated onboarding for AI agents (partnering with Stripe) and is offering up to $100k in credits to qualifying startups — a strategic move that positions NET as infrastructure for AI-native apps and could boost new customer acquisition and revenue growth. Article Title
- Positive Sentiment: Jim Cramer named Cloudflare a “terrific cyber defender” on Mad Money ahead of earnings, bringing retail attention and short-term buying interest. Media endorsements can amplify momentum into the company’s upcoming results. Article Title
- Positive Sentiment: Brokerages still lean constructive: the consensus/average price target sits around ~$231.85 (implying roughly mid-teens upside vs. recent levels), and aggregated recommendations remain around “moderate buy,” supporting continued analyst-driven interest. Article Title
- Neutral Sentiment: Coverage notes that fair-value estimates have only shifted marginally (to ~$231.85), signaling mixed analyst views — some raising targets, others trimming as they reassess how much growth is already priced in. This keeps headline upside in place but limits conviction for large upgrades. Article Title
- Negative Sentiment: Seeking Alpha downgraded NET to Hold, arguing valuation has largely caught up with the story despite operational strengths — a view that can pressure sentiment among value-oriented investors. Article Title
- Neutral Sentiment: Director Carl Ledbetter sold 5,009 shares under a pre-arranged Rule 10b5-1 plan (typical institutional/insider liquidity), a small percentage of his holdings and less likely to signal negative new information. SEC Filing
- Negative Sentiment: Director Mark Hawkins sold 133 shares (~1.29% decrease in his position), a small insider sale that could be viewed negatively by some traders but is immaterial in size. SEC Filing
About Cloudflare
(
Get Free Report)
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.
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