Brokerages Set Cloudflare, Inc. (NYSE:NET) Target Price at $253.41

Shares of Cloudflare, Inc. (NYSE:NET) have earned a consensus recommendation of “Moderate Buy” from the thirty-four analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $258.5926.

A number of equities research analysts recently commented on the company. Guggenheim reaffirmed a “sell” rating and set a $140.00 target price on shares of Cloudflare in a report on Wednesday, June 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $290.00 price target on shares of Cloudflare in a research report on Thursday, July 16th. Cantor Fitzgerald restated a “neutral” rating and set a $230.00 price objective (up from $224.00) on shares of Cloudflare in a research note on Wednesday, June 10th. Needham & Company LLC lifted their price objective on shares of Cloudflare from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th.

Cloudflare Stock Performance

Shares of NET stock opened at $268.86 on Friday. The business has a fifty day moving average of $241.16 and a 200 day moving average of $211.56. Cloudflare has a 1 year low of $158.83 and a 1 year high of $291.00. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a market capitalization of $95.04 billion, a price-to-earnings ratio of -1,075.46, a price-to-earnings-growth ratio of 277.55 and a beta of 1.67.

Cloudflare (NYSE:NET) last posted its quarterly 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 business had revenue of $639.75 million for the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. As a group, research analysts expect that Cloudflare will post 0.02 earnings per share for the current year.

Insiders Place Their Bets

In other Cloudflare news, CEO Matthew Prince sold 52,422 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $249.09, for a total value of $13,057,795.98. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 35,080 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $213.98, for a total value of $7,506,418.40. Following the sale, the insider directly owned 47,425 shares in the company, valued at $10,148,001.50. This represents a 42.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 564,903 shares of company stock valued at $127,356,194 over the last 90 days. 10.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. HM Payson & Co. acquired a new stake in shares of Cloudflare during the 4th quarter worth approximately $25,000. Wiser Advisor Group LLC acquired a new position in shares of Cloudflare in the 3rd quarter valued at $26,000. Wexford Capital LP acquired a new position in shares of Cloudflare in the 3rd quarter valued at $30,000. CX Institutional boosted its holdings in Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after buying an additional 44 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in Cloudflare by 55.4% during the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after buying an additional 56 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

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.