Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of Cloudflare, Inc. (NYSE:NET)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Cloudflare, Inc. (NYSE:NET). In a filing disclosed on February 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Cloudflare stock on January 30th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Hermès International Société en commandite par actions (OTCMKTS:HESAF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Tencent (OTC:TCTZF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Banco Santander (NYSE:SAN) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Leonardo (OTCMKTS:FINMF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Transdigm Group (NYSE:TDG) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 1/30/2026.
• Sold $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 1/30/2026.

Cloudflare Trading Down 8.1%

Shares of NET traded down $15.65 during mid-day trading on Friday, reaching $176.99. 6,587,593 shares of the company’s stock traded hands, compared to its average volume of 6,584,092. The stock has a market cap of $62.00 billion, a P/E ratio of -610.29 and a beta of 1.97. Cloudflare, Inc. has a 12 month low of $89.42 and a 12 month high of $260.00. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. The stock’s 50-day moving average is $188.52 and its two-hundred day moving average is $204.31.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Cloudflare had a negative net margin of 4.72% and a negative return on equity of 7.40%. The firm had revenue of $614.51 million during the quarter, compared to the consensus estimate of $591.67 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The company’s revenue was up 33.6% on a year-over-year basis. Research analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $208.61, for a total transaction of $5,348,969.01. Following the completion of the sale, the insider owned 24,555 shares in the company, valued at approximately $5,122,418.55. This represents a 51.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $201.23, for a total value of $10,541,232.32. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 403,734 shares of company stock worth $79,426,703. 10.89% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on NET. Piper Sandler boosted their price target on Cloudflare from $220.00 to $222.00 and gave the company a “neutral” rating in a research note on Wednesday, February 11th. Jefferies Financial Group lifted their target price on shares of Cloudflare from $185.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, February 11th. Mizuho reduced their price objective on Cloudflare from $280.00 to $255.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 21st. Truist Financial set a $225.00 target price on Cloudflare in a research note on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $230.70.

Hedge Funds Weigh In On Cloudflare

Hedge funds have recently bought and sold shares of the company. HM Payson & Co. acquired a new stake in Cloudflare in the fourth quarter valued at $25,000. Physician Wealth Advisors Inc. increased its stake in shares of Cloudflare by 693.3% during the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after acquiring an additional 104 shares during the period. Wiser Advisor Group LLC bought a new stake in shares of Cloudflare in the 3rd quarter worth $26,000. Westside Investment Management Inc. lifted its holdings in Cloudflare by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after acquiring an additional 65 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Cloudflare during the second quarter worth approximately $29,000. 82.68% of the stock is owned by hedge funds and other institutional investors.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.