Cloudflare (NYSE:NET) Director Mark Hawkins Sells 133 Shares of Stock

Cloudflare, Inc. (NYSE:NET) Director Mark Hawkins sold 133 shares of Cloudflare stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $277.74, for a total transaction of $36,939.42. Following the completion of the sale, the director owned 10,632 shares in the company, valued at $2,952,931.68. This trade represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Stock Up 6.6%

NET traded up $18.59 during trading hours on Tuesday, hitting $301.33. 5,450,596 shares of the company’s stock were exchanged, compared to its average volume of 4,301,259. The stock has a market cap of $106.51 billion, a price-to-earnings ratio of -1,205.32, a PEG ratio of 215.41 and a beta of 1.65. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $303.76. The stock’s 50-day moving average is $251.41 and its two-hundred day moving average is $216.01. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $639.75 million for the quarter, compared to analysts’ expectations of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Sell-side analysts predict that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Jefferies expects Cloudflare’s second-quarter revenue growth to reaccelerate and believes the company could raise its full-year outlook. Investors are watching for a path toward mid-30% growth by the end of 2026; the current revenue guidance midpoint of $664.5 million implies approximately 30% year-over-year growth. Cloudflare poised for second quarter revenue acceleration, says Jefferies
• Positive Sentiment: Cloudflare’s expansion into tools that give AI agents digital identities and wallets could strengthen its positioning in the emerging AI-infrastructure market and create additional growth opportunities. Cloudflare Gives AI Agents an Identity and a Wallet
• Positive Sentiment: The August 6 earnings report is an important near-term catalyst. The company previously exceeded quarterly earnings and revenue expectations, with revenue rising 33.5% year over year, supporting investor confidence in continued execution.

Wall Street Analyst Weigh In

NET has been the topic of several recent analyst reports. Stifel Nicolaus set a $260.00 price target on Cloudflare in a research report on Friday, May 8th. Zacks Research raised shares of Cloudflare from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. UBS Group boosted their target price on shares of Cloudflare from $220.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, June 10th. TD Cowen upped their price target on shares of Cloudflare from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Finally, New Street Research reiterated a “market outperform” rating on shares of Cloudflare in a research note on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and an average price target of $265.27.

Institutional Trading of Cloudflare

Hedge funds have recently made changes to their positions in the business. Empowered Funds LLC boosted its position in Cloudflare by 34.2% during the first 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 period. Sivia Capital Partners LLC acquired a new stake in shares of Cloudflare during the 2nd quarter worth about $424,000. Cerity Partners LLC boosted its holdings in shares of 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 buying an additional 6,363 shares during the period. Sei Investments Co. grew its stake in Cloudflare by 40.1% in the 2nd quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock valued at $64,432,000 after buying an additional 94,112 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Cloudflare by 14.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock valued at $3,224,000 after acquiring an additional 2,093 shares during the period. 82.68% of the stock is owned by institutional investors and hedge funds.

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.