Cloudflare, Inc. (NYSE:NET - Get Free Report) Director Carl Ledbetter sold 5,000 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $268.11, for a total transaction of $1,340,550.00. Following the transaction, the director owned 888,073 shares in the company, valued at approximately $238,101,252.03. This trade represents a 0.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Carl Ledbetter also recently made the following trade(s):
- On Tuesday, May 5th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The stock was sold at an average price of $238.12, for a total transaction of $3,571,800.00.
- On Friday, May 1st, Carl Ledbetter sold 5,009 shares of Cloudflare stock. The shares were sold at an average price of $215.82, for a total value of $1,081,042.38.
- On Tuesday, April 28th, Carl Ledbetter sold 9,991 shares of Cloudflare stock. The stock was sold at an average price of $215.85, for a total transaction of $2,156,557.35.
Cloudflare Stock Performance
Shares of NYSE NET opened at $273.37 on Thursday. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $276.82. The firm has a market capitalization of $96.63 billion, a price-to-earnings ratio of -1,093.47, a PEG ratio of 270.75 and a beta of 1.67. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The business has a fifty day simple moving average of $229.40 and a 200 day simple moving average of $206.40.
Cloudflare (NYSE:NET - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. The company had revenue of $639.75 million for the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company's quarterly revenue was up 33.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 earnings per share. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Sell-side analysts expect that Cloudflare, Inc. will post 0.02 EPS for the current year.
More Cloudflare News
Here are the key news stories impacting Cloudflare this week:
Institutional Investors Weigh In On Cloudflare
A number of institutional investors and hedge funds have recently modified their holdings of NET. HM Payson & Co. bought a new stake in Cloudflare in the fourth quarter valued at approximately $25,000. Wiser Advisor Group LLC bought a new position in Cloudflare in the 3rd quarter valued at about $26,000. Wexford Capital LP acquired a new stake in Cloudflare during the third quarter worth approximately $30,000. Ameriflex Group Inc. lifted its holdings in Cloudflare by 105.6% during the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company's stock worth $32,000 after purchasing an additional 76 shares during the last quarter. Finally, CX Institutional increased its position in Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company's stock worth $33,000 after buying an additional 44 shares during the period. 82.68% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on NET. Citizens Jmp reaffirmed a "market outperform" rating and issued a $270.00 target price on shares of Cloudflare in a research note on Monday, June 15th. Sanford C. Bernstein reissued a "market perform" rating and set a $136.00 price target on shares of Cloudflare in a research report on Wednesday, June 10th. Jefferies Financial Group lowered Cloudflare from a "buy" rating to a "hold" rating in a report on Tuesday. Zacks Research upgraded Cloudflare from a "strong sell" rating to a "hold" rating in a research report on Friday, March 13th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Cloudflare to a "buy" rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Cloudflare has a consensus rating of "Moderate Buy" and an average target price of $244.23.
Get Our Latest Stock Report on NET
About Cloudflare
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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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