Carl Ledbetter Sells 5,009 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) Director Carl Ledbetter sold 5,009 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $215.82, for a total value of $1,081,042.38. Following the completion of the transaction, the director directly owned 923,073 shares of the company’s stock, valued at approximately $199,217,614.86. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Carl Ledbetter also recently made the following trade(s):

• On Tuesday, May 5th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The shares were sold at an average price of $238.12, for a total value of $3,571,800.00.
• On Tuesday, April 28th, Carl Ledbetter sold 9,991 shares of Cloudflare stock. The shares were sold at an average price of $215.85, for a total value of $2,156,557.35.
• On Wednesday, March 18th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The shares were sold at an average price of $227.05, for a total transaction of $3,405,750.00.

Cloudflare Trading Up 9.0%

Shares of NET stock opened at $244.46 on Wednesday. The company’s fifty day simple moving average is $201.24 and its two-hundred day simple moving average is $200.23. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.98 and a quick ratio of 1.98. Cloudflare, Inc. has a 1 year low of $120.46 and a 1 year high of $260.00. The stock has a market capitalization of $86.04 billion, a price-to-earnings ratio of -842.92 and a beta of 1.67.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. HM Payson & Co. bought a new position in shares of Cloudflare during the 4th quarter valued at approximately $25,000. Physician Wealth Advisors Inc. boosted its stake in Cloudflare by 693.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after purchasing an additional 104 shares during the period. Wiser Advisor Group LLC bought a new position in Cloudflare in the 3rd quarter worth approximately $26,000. Westside Investment Management Inc. boosted its stake in Cloudflare by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after purchasing an additional 65 shares during the period. Finally, ORG Wealth Partners LLC boosted its stake in Cloudflare by 101.4% in the 3rd quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock worth $30,000 after purchasing an additional 70 shares during the period. 82.68% of the stock is currently owned by institutional investors.

Trending Headlines about Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Forrester named Cloudflare a Leader in its Edge Development Platforms report — this third‑party recognition supports Cloudflare’s positioning in edge and developer tooling, helping justify growth/market‑share expectations. Read More.
• Positive Sentiment: Cloudflare is pushing AI adoption — announcing automated onboarding for AI agents and startup credits (up to $100k) to capture AI‑native apps and developer adoption, which could boost new customer acquisition and revenue over time. Read More.
• Positive Sentiment: High‑profile media endorsement: Jim Cramer called Cloudflare a “terrific cyber defender” on Mad Money ahead of earnings, likely drawing retail interest and short‑term buying momentum. Read More.
• Neutral Sentiment: Analyst coverage remains constructive overall (consensus/average target ≈ $231–$232), but views are mixed — some trims and some upgrades leave upside modest vs. current levels. That keeps buy‑side interest but limits conviction for large fresh upgrades. Read More.
• Neutral Sentiment: Q1 earnings previews flag strong AI and enterprise demand tailwinds but warn macro pressures and potential deal delays — creating a binary earnings reaction: good execution likely extends the rally, while any softness could prompt profit‑taking. Read More.
• Negative Sentiment: Valuation concerns and downgrades: Seeking Alpha downgraded NET to Hold, arguing much of the growth is priced in — that narrative can weigh on value‑oriented funds and temper the rally. Read More.
• Negative Sentiment: Insider selling: Directors Carl Ledbetter (15,000 shares at ~$238 on May 5, via a 10b5‑1 plan), John Graham‑Cumming (2,520 shares at ~$221.58 on May 4, 10b5‑1), and smaller sales from Mark Hawkins were reported — these are largely pre‑arranged and common at the current multiple, but some traders interpret them as modest caution. Read More. Read More. Read More.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. New Street Research set a $140.00 price target on shares of Cloudflare in a report on Wednesday, February 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research note on Monday, April 20th. UBS Group reiterated a “neutral” rating and issued a $220.00 price target on shares of Cloudflare in a research note on Wednesday, February 11th. Robert W. Baird set a $260.00 price objective on shares of Cloudflare and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Finally, TD Cowen reissued a “buy” rating on shares of Cloudflare in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Cloudflare currently has a consensus rating of “Moderate Buy” and an average price target of $232.62.

Cloudflare Company Profile

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.