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 on Monday, July 6th. The stock was sold at an average price of $247.28, for a total value of $623,145.60. Following the transaction, the director directly owned 494,909 shares of the company’s stock, valued at $122,381,097.52. The trade was a 0.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 shares were sold at an average price of $221.58, for a total value of $558,381.60.

Cloudflare Price Performance

Cloudflare stock traded up $22.01 during midday trading on Tuesday, reaching $269.56. 6,154,239 shares of the company were exchanged, compared to its average volume of 4,496,943. The company has a market capitalization of $95.28 billion, a price-to-earnings ratio of -1,078.22, a P/E/G ratio of 244.14 and a beta of 1.67. The firm’s 50-day simple moving average is $226.93 and its 200-day simple moving average is $205.29. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $276.82. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96.

Cloudflare (NYSE:NET) last announced its earnings results 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. The firm had revenue of $639.75 million during the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the company 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. On average, analysts anticipate that Cloudflare, Inc. will post 0.02 EPS for the current year.

More Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Scotiabank upgraded Cloudflare to Sector Outperform and lifted its price target to $300, citing stronger confidence in the company’s AI-related growth opportunity. Scotiabank Upgrades Cloudflare (NYSE:NET) to Sector Outperform
• Positive Sentiment: Recent coverage highlighted Cloudflare’s new AI-focused classifications, analytics, and partnerships, reinforcing the case that the company could monetize traffic tied to AI services. Is Cloudflare (NET) the Best High Growth Cybersecurity Stock to Buy Now?
• Neutral Sentiment: CEO Matthew Prince disclosed several stock sales under a pre-arranged 10b5-1 trading plan. The trades are sizable, but they were automatic and do not necessarily reflect a negative change in fundamentals.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Cloudflare from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. BTIG Research boosted their price target on Cloudflare from $243.00 to $269.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research note on Monday, April 20th. Truist Financial raised their price objective on Cloudflare from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Finally, Stifel Nicolaus set a $260.00 price objective on Cloudflare in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $244.23.

Hedge Funds Weigh In On Cloudflare

Several institutional investors and hedge funds have recently bought and sold shares of the stock. HM Payson & Co. purchased a new position in Cloudflare during the fourth quarter worth approximately $25,000. Wiser Advisor Group LLC purchased a new stake in shares of Cloudflare during the 3rd quarter valued at $26,000. Wexford Capital LP purchased a new stake in shares of Cloudflare during the 3rd quarter valued at $30,000. Ameriflex Group Inc. increased its holdings in shares of Cloudflare by 105.6% during the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after buying an additional 76 shares during the last quarter. Finally, CX Institutional increased its holdings in shares of Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after buying an additional 44 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

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.