Cloudflare (NYSE:NET) Director John Graham-Cumming Sells 2,520 Shares

Cloudflare, Inc. (NYSE:NET - Get Free Report) Director John Graham-Cumming sold 2,520 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $303.97, for a total value of $766,004.40. Following the completion of the sale, the director directly owned 494,909 shares of the company's stock, valued at approximately $150,437,488.73. The trade was a 0.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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John Graham-Cumming also recently made the following trade(s):

• On Monday, July 6th, John Graham-Cumming sold 2,520 shares of Cloudflare stock. The stock was sold at an average price of $247.28, for a total value of $623,145.60.
• On Monday, June 15th, John Graham-Cumming sold 2,520 shares of Cloudflare stock. The stock was sold at an average price of $235.95, for a total value of $594,594.00.

Cloudflare Stock Performance

Shares of NET stock opened at $307.10 on Wednesday. The stock has a market capitalization of $108.55 billion, a PE ratio of -529.48, a PEG ratio of 192.05 and a beta of 1.65. The business's 50 day simple moving average is $258.51 and its 200 day simple moving average is $220.98. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $324.73.

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• Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus

Cloudflare (NYSE:NET - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The firm had revenue of $696.06 million during the quarter, compared to analyst estimates of $664.66 million. During the same quarter last year, the business earned $0.21 EPS. The company's revenue was up 35.9% compared to the same quarter last year. As a group, research analysts forecast that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

More Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Government authorization expands Cloudflare’s addressable market. Cloudflare for Government received FedRAMP High certification and GovRAMP Moderate authorization, allowing the company to pursue business with federal, state and local agencies, defense organizations, schools and other regulated customers. The company intends to seek Department of Defense Impact Level 4 clearance, potentially opening additional contracts. Cloudflare Achieves FedRAMP High Authorization
• Positive Sentiment: AI demand and large-customer growth remain key catalysts. Recent coverage highlights Cloudflare’s 36% second-quarter revenue growth to approximately $696 million, demand for AI security and its agentic-AI and developer platform offerings. Several analysts also raised price targets, including targets of $333, $346 and $380, reflecting continued optimism about the company’s long-term growth. Cloudflare Surges 65% in 3 Months
• Neutral Sentiment: Susquehanna raised its price target but retained a neutral rating. The target increased from $200 to $300, signaling improved expectations after the second-quarter results, although it remains below recently elevated trading levels. Susquehanna price-target update
• Negative Sentiment: Cloudflare priced $2.175 billion of 0% convertible senior notes due 2031. The financing provides capital without cash interest expense, but future conversion could dilute existing shareholders and increases the company’s financial obligations. The transaction may weigh on the stock after its recent rally. Cloudflare Convertible Notes Offering
• Negative Sentiment: Valuation and widening GAAP losses remain risks. Despite strong revenue growth, Cloudflare continues to report a GAAP operating loss, while its very high valuation reflects substantial expectations for future growth. A director’s sale of 2,520 shares under a pre-arranged Rule 10b5-1 plan is a minor additional overhang, though the director retained nearly 495,000 shares. SEC insider transaction filing

Wall Street Analysts Forecast Growth

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A number of analysts have weighed in on the company. Robert W. Baird set a $330.00 price target on Cloudflare in a report on Friday. Deutsche Bank Aktiengesellschaft raised Cloudflare to a "buy" rating in a research note on Tuesday, July 7th. TD Cowen upped their target price on Cloudflare from $300.00 to $355.00 and gave the company a "buy" rating in a research report on Friday. Morgan Stanley reaffirmed an "overweight" rating and set a $370.00 target price on shares of Cloudflare in a research note on Friday. Finally, Mizuho lifted their target price on Cloudflare from $260.00 to $310.00 and gave the stock an "outperform" rating in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Cloudflare presently has an average rating of "Moderate Buy" and an average target price of $320.19.

Get Our Latest Research Report on Cloudflare

Hedge Funds Weigh In On Cloudflare

Institutional investors have recently modified their holdings of the business. Lingotto Investment Management LLP bought a new position in Cloudflare during the 4th quarter valued at approximately $34,626,000. Jupiter Asset Management Ltd. grew its position in shares of Cloudflare by 1,984.7% in the 4th quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company's stock worth $38,979,000 after buying an additional 188,226 shares during the last quarter. Trek Financial LLC purchased a new position in shares of Cloudflare during the fourth quarter valued at approximately $1,793,000. Pictet Asset Management Holding SA increased its stake in shares of Cloudflare by 17.6% during the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company's stock valued at $284,900,000 after buying an additional 206,506 shares during the period. Finally, Thrivent Financial for Lutherans bought a new position in shares of Cloudflare during the fourth quarter valued at approximately $5,543,000. 82.68% of the stock is owned by institutional investors.

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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