Key Points
- Cloudflare director Katrin Suder sold 293 shares on June 8 at an average price of $252.92, totaling about $74,105. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Suder still owned 37,430 shares worth roughly $9.47 million, reducing her stake by only 0.78%.
- Cloudflare recently beat quarterly earnings expectations, reporting $0.25 EPS on $639.76 million in revenue, while analysts currently view the stock as a Moderate Buy with an average target price of $239.08.
Cloudflare, Inc. (NYSE:NET - Get Free Report) Director Katrin Suder sold 293 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $252.92, for a total value of $74,105.56. Following the completion of the sale, the director owned 37,430 shares in the company, valued at approximately $9,466,795.60. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Cloudflare Trading Down 0.8%
NET opened at $248.01 on Tuesday. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $276.82. The stock has a market capitalization of $87.67 billion, a price-to-earnings ratio of -992.06, a PEG ratio of 4,194.92 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. The business has a fifty day moving average price of $214.09 and a 200 day moving average price of $200.73.
Cloudflare (NYSE:NET - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. The company had revenue of $639.76 million for the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.Cloudflare's revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter last year, the company 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.
Wall Street Analyst Weigh In
NET has been the subject of a number of recent research reports. Guggenheim lifted their price target on shares of Cloudflare from $117.00 to $140.00 and gave the stock a "sell" rating in a research note on Wednesday, February 11th. UBS Group restated a "neutral" rating and issued a $220.00 price objective on shares of Cloudflare in a report on Wednesday, February 11th. Wells Fargo & Company lifted their price objective on shares of Cloudflare from $265.00 to $270.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 11th. Barclays reiterated an "overweight" rating and set a $250.00 target price on shares of Cloudflare in a research note on Monday, June 1st. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Cloudflare in a research note on Friday, May 22nd. Eighteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $239.08.
Get Our Latest Stock Analysis on NET
Institutional Investors Weigh In On Cloudflare
Several hedge funds and other institutional investors have recently bought and sold shares of NET. Norges Bank acquired a new position in Cloudflare in the fourth quarter valued at $718,316,000. Jennison Associates LLC increased its position in shares of Cloudflare by 135.8% during the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company's stock worth $906,758,000 after purchasing an additional 2,530,872 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Cloudflare by 4,042.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company's stock valued at $275,887,000 after purchasing an additional 1,365,598 shares during the last quarter. Groupama Asset Managment lifted its holdings in shares of Cloudflare by 82.6% in the 3rd quarter. Groupama Asset Managment now owns 2,100,000 shares of the company's stock valued at $450,639,000 after purchasing an additional 950,000 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Cloudflare by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company's stock valued at $6,934,958,000 after purchasing an additional 821,684 shares during the period. 82.68% of the stock is currently owned by institutional investors and hedge funds.
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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