Cloudflare (NYSE:NET) CFO Thomas Seifert Sells 10,000 Shares

Cloudflare, Inc. (NYSE:NET) CFO Thomas Seifert sold 10,000 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $232.39, for a total value of $2,323,900.00. Following the completion of the sale, the chief financial officer directly owned 116,733 shares of the company’s stock, valued at $27,127,581.87. The trade was a 7.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Price Performance

Shares of NYSE:NET opened at $228.07 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The stock’s fifty day simple moving average is $217.30 and its two-hundred day simple moving average is $202.45. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $276.82. The stock has a market cap of $80.62 billion, a PE ratio of -912.28, a price-to-earnings-growth ratio of 411.56 and a beta of 1.70.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share 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 business had revenue of $639.76 million for the quarter, compared to analysts’ expectations of $620.83 million. During the same period last year, the business earned $0.16 EPS. The business’s 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. As a group, analysts forecast that Cloudflare, Inc. will post 0.01 EPS for the current fiscal year.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare announced a new Cloudflare One Design Partner Designation to help select global partners accelerate secure AI and SASE adoption, reinforcing demand for its enterprise security platform and supporting its long-term growth narrative.
• Positive Sentiment: Analyst and investor interest remains constructive, with Cloudflare highlighted as one of the more watched generative AI software names and previously supported by bullish analyst ratings and price targets.
• Neutral Sentiment: A third-party announcement about Spur’s no-code Cloudflare integration added ecosystem visibility, but it does not appear to materially change Cloudflare’s fundamentals.
• Neutral Sentiment: JLens urged shareholders to withhold votes on two directors ahead of the June 30 annual meeting, creating a governance headline that could keep some investors cautious.
• Negative Sentiment: Cloudflare CFO Thomas J. Seifert sold 10,000 shares under a pre-arranged trading plan, and Director John Graham-Cumming also sold shares, which may pressure sentiment even though the sales were routine and relatively small versus their holdings.
• Negative Sentiment: Shares have also been weaker than the broader market in the latest sessions, suggesting some profit-taking after a strong run and leaving the stock sensitive to any negative headlines.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Stifel Nicolaus set a $260.00 price objective on Cloudflare in a research note on Friday, May 8th. New Street Research restated a “market outperform” rating on shares of Cloudflare in a research note on Monday. UBS Group raised their price objective on Cloudflare from $220.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. Piper Sandler restated an “overweight” rating on shares of Cloudflare in a research note on Wednesday, June 10th. Finally, Royal Bank Of Canada raised their price objective on Cloudflare from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Twenty-one investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $241.35.

Institutional Investors Weigh In On Cloudflare

Several large investors have recently made changes to their positions in NET. Norges Bank purchased a new stake in shares of Cloudflare during the 4th quarter valued at $718,316,000. Jennison Associates LLC increased its holdings in Cloudflare by 135.8% in the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after acquiring an additional 2,530,872 shares during the last quarter. Corient Private Wealth LLC increased its holdings in Cloudflare by 4,042.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock worth $275,887,000 after acquiring an additional 1,365,598 shares during the last quarter. Groupama Asset Managment increased its holdings in Cloudflare by 82.6% in the 3rd quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock worth $450,639,000 after acquiring an additional 950,000 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Cloudflare by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company’s stock worth $6,934,958,000 after acquiring an additional 821,684 shares during the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

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.