Cloudflare (NYSE:NET) Director Sells $1,409,900.00 in Stock

Cloudflare, Inc. (NYSE:NET) Director Carl Ledbetter sold 5,000 shares of Cloudflare stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $281.98, for a total value of $1,409,900.00. Following the completion of the transaction, the director owned 883,073 shares of the company’s stock, valued at $249,008,924.54. This trade represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, July 7th, Carl Ledbetter sold 5,000 shares of Cloudflare stock. The shares were sold at an average price of $268.11, for a total value of $1,340,550.00.

Cloudflare Trading Up 5.8%

Shares of NYSE NET opened at $301.00 on Friday. The stock’s 50 day moving average price is $257.02 and its two-hundred day moving average price is $218.84. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $324.73. The stock has a market capitalization of $106.39 billion, a P/E ratio of -518.96, a PEG ratio of 224.57 and a beta of 1.65. 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 released its earnings results on Wednesday, August 5th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative return on equity of 3.99% and a negative net margin of 8.21%.Cloudflare’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. On average, analysts anticipate 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: Q2 results beat expectations. Revenue rose 35.9% year over year to $696.1 million, exceeding the approximately $664.7 million consensus estimate. Adjusted EPS was $0.29 versus expectations of $0.27, supported by large-customer additions, Workers adoption and improved execution. Cloudflare Q2 earnings report
• Positive Sentiment: Cloudflare raised its forecast. Third-quarter guidance calls for approximately $736 million-$737 million in revenue and $0.34 EPS, above analyst estimates. Full-year 2026 revenue guidance was lifted to roughly $2.864 billion-$2.870 billion, while EPS guidance increased to $1.25-$1.26. Management cited resilient AI-agent demand across its network. Reuters outlook report
• Positive Sentiment: Analysts responded with higher targets. Citizens JMP raised its target to $394, while Oppenheimer and Needham increased targets to $380. BTIG, RBC, Piper Sandler and Truist also raised targets and maintained bullish ratings, signaling confidence in Cloudflare’s AI growth opportunity.
• Positive Sentiment: New AI products add potential growth avenues. Cloudflare launched Kitesurf, a cloud-hosted browser designed for AI agents, and an AEO Visibility Dashboard that helps brands track recommendations from AI assistants. TechCrunch Kitesurf report
• Neutral Sentiment: Valuation and volatility remain elevated. The rally has pushed Cloudflare near record levels, leaving the stock dependent on continued high growth, margin improvement and successful AI monetization.
• Negative Sentiment: Insider selling is a modest sentiment risk. CEO Matthew Prince, CFO Thomas Seifert and director Carl Ledbetter sold shares under pre-arranged Rule 10b5-1 plans. These transactions may concern investors but do not necessarily indicate weakening business fundamentals.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Wiser Advisor Group LLC acquired a new stake in Cloudflare in the third quarter worth $26,000. HM Payson & Co. acquired a new position in shares of Cloudflare during the fourth quarter valued at $25,000. CX Institutional boosted its holdings in shares of Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 44 shares during the period. Cape Investment Advisory Inc. bought a new position in shares of Cloudflare during the second quarter worth about $33,000. Finally, Wexford Capital LP bought a new position in shares of Cloudflare during the third quarter worth about $30,000. 82.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on NET shares. Needham & Company LLC lifted their price objective on shares of Cloudflare from $280.00 to $380.00 and gave the stock a “buy” rating in a report on Friday. UBS Group increased their target price on shares of Cloudflare from $250.00 to $350.00 and gave the stock a “neutral” rating in a report on Friday. Wells Fargo & Company raised their price target on shares of Cloudflare from $300.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday. Barclays lifted their price target on shares of Cloudflare from $300.00 to $355.00 and gave the company an “overweight” rating in a report on Friday. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Cloudflare in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Cloudflare presently has an average rating of “Moderate Buy” and an average price target of $311.48.

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.