Key Points
- Cloudflare director Carl Ledbetter sold 5,000 shares for approximately $1.56 million at an average price of $312.22 under a pre-arranged Rule 10b5-1 plan. The transaction reduced his ownership by just 0.57%, leaving him with 878,073 shares.
- Cloudflare reported quarterly EPS of $0.29, exceeding the $0.27 consensus estimate, while revenue of $696.06 million rose 35.9% year over year and surpassed expectations.
- Analysts maintain a “Moderate Buy” consensus rating with an average price target of $320.19. Shares opened at $327.19, near their 52-week high of $334.60, and institutional investors own approximately 82.68% of the stock.
Cloudflare, Inc. (NYSE:NET - Get Free Report) Director Carl Ledbetter sold 5,000 shares of the business's stock in a transaction on Monday, September 14th. The stock was sold at an average price of $312.22, for a total value of $1,561,100.00. Following the transaction, the director owned 878,073 shares in the company, valued at approximately $274,151,952.06. This trade represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Carl Ledbetter also recently made the following trade(s):
- On Thursday, August 6th, Carl Ledbetter sold 5,000 shares of Cloudflare stock. The shares were sold at an average price of $281.98, for a total value of $1,409,900.00.
- On Tuesday, July 7th, Carl Ledbetter sold 5,000 shares of Cloudflare stock. The stock was sold at an average price of $268.11, for a total value of $1,340,550.00.
Cloudflare Price Performance
Shares of NET stock opened at $327.19 on Wednesday. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $334.60. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market capitalization of $115.65 billion, a price-to-earnings ratio of -564.12, a PEG ratio of 270.05 and a beta of 1.66. The stock's 50-day simple moving average is $288.74 and its 200-day simple moving average is $241.77.
Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The firm had revenue of $696.06 million during the quarter, compared to analyst estimates of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. Cloudflare's revenue was up 35.9% on a year-over-year basis. During the same period last year, the firm posted $0.21 EPS. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. As a group, equities analysts forecast that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
NET has been the subject of several research reports. Robert W. Baird set a $330.00 price objective on shares of Cloudflare in a research note on Friday, August 7th. Raymond James Financial assumed coverage on Cloudflare in a research report on Tuesday, July 7th. They issued a "strong-buy" rating on the stock. Royal Bank Of Canada raised their target price on Cloudflare from $290.00 to $346.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Citizens Jmp reaffirmed a "market outperform" rating and set a $394.00 price target on shares of Cloudflare in a research report on Monday, August 31st. Finally, Piper Sandler lifted their price target on Cloudflare from $250.00 to $333.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Cloudflare currently has an average rating of "Moderate Buy" and a consensus target price of $320.19.
Check Out Our Latest Stock Report on Cloudflare
More Cloudflare News
Here are the key news stories impacting Cloudflare this week:
- Positive Sentiment: Cloudflare introduced an “Accountable” designation for AI crawlers and a “Disallow AI Training” control that allows website owners to prevent AI training on their content while keeping pages available to traditional search engines. The tools could strengthen Cloudflare’s position in AI-content governance, increase customer value and support demand for its connectivity and security platform. Cloudflare Helps End the Search-or-AI-Training Tradeoff
- Positive Sentiment: Market commentary highlighted Cloudflare’s exposure to the agentic-AI boom, its potential to benefit from rising AI security demand and continued adoption of Zero Trust products. One comparison concluded that Cloudflare’s growth outlook gives it an edge over CrowdStrike, although the stock’s valuation remains demanding. CRWD vs. NET: Which Cybersecurity Stock Has an Edge Right Now?
- Neutral Sentiment: Cloudflare was identified as a heavily watched or trending stock, which may increase short-term trading activity but does not represent a fundamental change in earnings or guidance. Cloudflare Trending Stock Analysis
- Negative Sentiment: Director Carl Ledbetter sold 5,000 shares for approximately $1.56 million under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by only 0.57%, limiting its significance, but insider selling can still weigh on sentiment, particularly while NET trades at an elevated valuation. SEC Insider Trading Filing
Institutional Trading of Cloudflare
Several institutional investors and hedge funds have recently bought and sold shares of NET. Geode Capital Management LLC boosted its holdings in shares of Cloudflare by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company's stock valued at $1,184,044,000 after acquiring an additional 241,981 shares during the last quarter. Jennison Associates LLC lifted its position in Cloudflare by 135.8% during the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company's stock valued at $906,758,000 after purchasing an additional 2,530,872 shares during the period. Norges Bank acquired a new position in Cloudflare during the fourth quarter valued at $718,316,000. Legal & General Group Plc boosted its holdings in Cloudflare by 4.9% in the fourth quarter. Legal & General Group Plc now owns 2,824,772 shares of the company's stock valued at $556,904,000 after purchasing an additional 131,127 shares during the last quarter. Finally, Amundi boosted its holdings in Cloudflare by 2.0% in the first quarter. Amundi now owns 1,707,256 shares of the company's stock valued at $352,275,000 after purchasing an additional 32,804 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.
About Cloudflare
(
Get Free Report)
Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.
The company's offerings include content delivery and domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.
Further Reading
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