Cloudflare (NYSE:NET) Director Sells $623,145.60 in Stock

Cloudflare, Inc. (NYSE:NET) Director John Graham-Cumming sold 2,520 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $247.28, for a total transaction of $623,145.60. Following the completion of the transaction, the director directly owned 494,909 shares in the company, valued at approximately $122,381,097.52. The trade was a 0.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 15th, John Graham-Cumming sold 2,520 shares of Cloudflare stock. The shares were sold at an average price of $235.95, for a total value of $594,594.00.
• On Monday, May 4th, John Graham-Cumming sold 2,520 shares of Cloudflare stock. The stock was sold at an average price of $221.58, for a total value of $558,381.60.

Cloudflare Stock Performance

Shares of Cloudflare stock opened at $276.04 on Friday. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $278.88. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The business has a 50 day moving average price of $230.76 and a 200-day moving average price of $206.97. The company has a market cap of $97.57 billion, a PE ratio of -1,104.16, a price-to-earnings-growth ratio of 275.35 and a beta of 1.67.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $639.75 million for the quarter, compared to analysts’ expectations of $620.83 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. Cloudflare’s quarterly revenue was up 33.5% on a year-over-year basis. 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 analysts anticipate that Cloudflare, Inc. will post 0.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Needham & Company LLC increased their target price on shares of Cloudflare from $250.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Benchmark cut shares of Cloudflare to an “underperform” rating in a report on Tuesday. KeyCorp reaffirmed an “overweight” rating on shares of Cloudflare in a research report on Wednesday, June 10th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $230.00 price objective (up from $224.00) on shares of Cloudflare in a research note on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded Cloudflare to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Cloudflare has a consensus rating of “Moderate Buy” and an average price target of $244.23.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Scotiabank upgraded Cloudflare (NYSE:NET) to Sector Outperform and lifted its target to $300, citing stronger growth prospects from AI, edge computing, and zero-trust security. Scotiabank Sees a New Growth Story for Cloudflare
• Positive Sentiment: Cloudflare’s partnership with OpenAI on a research pilot for AI search indexing reinforces the company’s AI infrastructure narrative and could support future demand. Cloudflare, OpenAI team up to launch research pilot for AI search indexing
• Positive Sentiment: Recent coverage highlighted Cloudflare’s rally as investors increasingly view it as an AI infrastructure beneficiary, which may be helping sentiment and momentum in the shares. Cloudflare (NYSE:NET) Rally Sparks AI Infrastructure Buzz
• Neutral Sentiment: Director Carl Ledbetter sold 5,000 shares under a pre-arranged Rule 10b5-1 plan. The sale is notable, but it does not necessarily signal a change in the company’s outlook. Cloudflare Director Carl Ledbetter Sells 5,000 Shares
• Neutral Sentiment: Cloudflare’s AI crawl/referral data drew attention in a Business Insider piece, but the article is more about industry behavior than a direct fundamental change for NET. Cloudflare’s latest AI rankings expose the web’s biggest free rider

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wiser Advisor Group LLC bought a new stake in shares of Cloudflare in the 3rd quarter worth approximately $26,000. HM Payson & Co. bought a new position in Cloudflare during the fourth quarter valued at $25,000. CX Institutional grew its holdings in Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 44 shares during the period. Wexford Capital LP purchased a new stake in Cloudflare in the third quarter worth $30,000. Finally, Ameriflex Group Inc. raised its stake in shares of Cloudflare by 105.6% in the third quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock valued at $32,000 after buying an additional 76 shares during the period. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

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.