Insider Selling: Cloudflare (NYSE:NET) CAO Sells 3,333 Shares of Stock

Cloudflare, Inc. (NYSE:NET) CAO Janel Riley sold 3,333 shares of Cloudflare stock in a transaction on Friday, May 15th. The stock was sold at an average price of $196.95, for a total transaction of $656,434.35. Following the sale, the chief accounting officer owned 52,644 shares in the company, valued at $10,368,235.80. This represents a 5.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Janel Riley also recently made the following trade(s):

• On Monday, May 18th, Janel Riley sold 3,481 shares of Cloudflare stock. The shares were sold at an average price of $193.32, for a total value of $672,946.92.
• On Thursday, March 5th, Janel Riley sold 23,332 shares of Cloudflare stock. The shares were sold at an average price of $190.00, for a total transaction of $4,433,080.00.

Cloudflare Price Performance

Cloudflare stock traded up $5.06 during trading hours on Tuesday, hitting $206.81. 3,574,344 shares of the stock were exchanged, compared to its average volume of 4,738,881. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a market capitalization of $73.10 billion, a P/E ratio of -827.25 and a beta of 1.67. Cloudflare, Inc. has a 12 month low of $154.93 and a 12 month high of $260.00. The business’s 50-day moving average is $207.12 and its two-hundred day moving average is $199.76.

Cloudflare (NYSE:NET) last released 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. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The business had revenue of $639.76 million during the quarter, compared to analysts’ expectations of $620.83 million. During the same period in the previous year, the business posted $0.16 earnings per share. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Equities research analysts expect that Cloudflare, Inc. will post -0.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NET shares. Zacks Research raised Cloudflare from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. BTIG Research reaffirmed a “buy” rating and issued a $243.00 price target on shares of Cloudflare in a report on Friday, May 8th. UBS Group reaffirmed a “neutral” rating and issued a $220.00 price target on shares of Cloudflare in a report on Wednesday, February 11th. Scotiabank dropped their price objective on Cloudflare from $255.00 to $225.00 and set a “sector perform” rating for the company in a report on Wednesday, February 11th. Finally, Wells Fargo & Company boosted their price objective on Cloudflare from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Eighteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Cloudflare presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.68.

Institutional Trading of Cloudflare

Several institutional investors and hedge funds have recently added to or reduced their stakes in NET. Empowered Funds LLC raised its holdings in Cloudflare by 34.2% during the 1st quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock worth $750,000 after purchasing an additional 1,696 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Cloudflare during the 2nd quarter worth about $424,000. Cerity Partners LLC raised its holdings in Cloudflare by 30.1% during the 2nd quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock worth $5,391,000 after purchasing an additional 6,363 shares during the last quarter. Sei Investments Co. raised its holdings in Cloudflare by 40.1% during the 2nd quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock worth $64,432,000 after purchasing an additional 94,112 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Cloudflare by 14.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock worth $3,224,000 after buying an additional 2,093 shares during the period. 82.68% of the stock is owned by institutional investors.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare announced a collaboration with Anthropic to launch Cloudflare Environments for Claude Managed Agents, which could strengthen its positioning in AI infrastructure and developer tooling. Cloudflare Brings Secure, Scalable Sandboxes to Claude Managed Agents
• Positive Sentiment: Recent coverage highlighted Cloudflare’s AI-first pivot and workforce reduction as part of a strategy to improve efficiency while expanding AI products, which may be viewed as a margin and growth catalyst. Cloudflare Reshapes Business With AI Pivot And 20% Workforce Cut
• Positive Sentiment: Investor interest in AI-linked internet software names and a sectorwide lift after a strong Cisco report have also helped sentiment around NET. Why Cloudflare (NET) Stock Is Trading Up Today
• Neutral Sentiment: Analyst and media commentary continues to group Cloudflare with other AI software beneficiaries, but this is more sentiment-driven than a new fundamental update. Fastly’s Compute Revenues Surge: Is AI Demand Powering Growth?
• Negative Sentiment: Chief accounting officer Janel Riley sold shares in two separate transactions, and CFO Thomas J. Seifert also sold 10,000 shares, which can create some short-term pressure even though all were under pre-arranged 10b5-1 plans.

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.