Cloudflare (NYSE:NET) Stock Unloaded Rep. Josh Gottheimer

Representative Josh Gottheimer (Democratic-New Jersey) recently sold shares of Cloudflare, Inc. (NYSE:NET). In a filing disclosed on March 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in Cloudflare stock on February 4th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Palo Alto Networks (NASDAQ:PANW) on 2/27/2026.
• Purchased $1,001 – $15,000 in shares of Infineon Technologies (OTCMKTS:IFNNY) on 2/27/2026.
• Purchased $1,001 – $15,000 in shares of Federal Signal (NYSE:FSS) on 2/26/2026.
• Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 2/20/2026.
• Sold $1,001 – $15,000 in shares of Visa (NYSE:V) on 2/18/2026.
• Sold $1,001 – $15,000 in shares of Carvana (NYSE:CVNA) on 2/18/2026.
• Purchased $1,001 – $15,000 in shares of GE Vernova (NYSE:GEV) on 2/5/2026.
• Purchased $1,001 – $15,000 in shares of Cummins (NYSE:CMI) on 2/5/2026.
• Purchased $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 2/5/2026.
• Purchased $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 2/4/2026.

Cloudflare Trading Down 3.3%

NET stock opened at $213.31 on Wednesday. Cloudflare, Inc. has a 52 week low of $89.42 and a 52 week high of $260.00. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.98 and a current ratio of 1.98. The company’s 50-day simple moving average is $188.87 and its 200 day simple moving average is $203.33. The company has a market capitalization of $75.08 billion, a PE ratio of -735.53 and a beta of 1.98.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Cloudflare had a negative net margin of 4.72% and a negative return on equity of 7.24%. The company had revenue of $614.51 million during the quarter, compared to the consensus estimate of $591.67 million. During the same period in the previous year, the business earned $0.19 earnings per share. The firm’s quarterly revenue was up 33.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Insiders Place Their Bets

In other Cloudflare news, CAO Janel Riley sold 23,332 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $190.00, for a total transaction of $4,433,080.00. Following the completion of the sale, the chief accounting officer directly owned 56,791 shares in the company, valued at $10,790,290. This represents a 29.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michelle Zatlyn sold 25,641 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $189.50, for a total value of $4,858,969.50. Following the transaction, the insider directly owned 34,514 shares in the company, valued at $6,540,403. This trade represents a 42.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 641,768 shares of company stock valued at $122,539,186 over the last 90 days. Company insiders own 10.89% of the company’s stock.

Institutional Trading of Cloudflare

Several institutional investors and hedge funds have recently modified their holdings of NET. Norges Bank purchased a new stake in Cloudflare during the fourth quarter worth about $718,316,000. Jennison Associates LLC raised its stake in Cloudflare by 802.6% in the 4th quarter. Jennison Associates LLC now owns 1,863,612 shares of the company’s stock valued at $367,411,000 after acquiring an additional 1,657,144 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Cloudflare by 4,042.6% during 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 in the last quarter. Groupama Asset Managment bought a new position in shares of Cloudflare in the 2nd quarter worth $225,204,000. Finally, Vanguard Group Inc. increased 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 valued at $6,934,958,000 after acquiring an additional 821,684 shares during the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on NET. Guggenheim lifted their price target on shares of Cloudflare from $117.00 to $140.00 and gave the stock a “sell” rating in a report on Wednesday, February 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, January 21st. Truist Financial set a $225.00 price target on Cloudflare in a report on Tuesday, January 20th. Citigroup upped their target price on Cloudflare from $260.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Finally, UBS Group reissued a “neutral” rating and issued a $220.00 price target on shares of Cloudflare in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $233.38.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About Cloudflare

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.