Cloudflare (NYSE:NET) Director John Graham-Cumming Sells 2,520 Shares

Cloudflare, Inc. (NYSE:NET) Director John Graham-Cumming sold 2,520 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $303.97, for a total value of $766,004.40. Following the completion of the transaction, the director owned 494,909 shares in the company, valued at $150,437,488.73. This trade represents a 0.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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, July 6th, John Graham-Cumming sold 2,520 shares of Cloudflare stock. The stock was sold at an average price of $247.28, for a total transaction of $623,145.60.
• On Monday, June 15th, John Graham-Cumming sold 2,520 shares of Cloudflare stock. The stock was sold at an average price of $235.95, for a total value of $594,594.00.

Cloudflare Stock Performance

Shares of NYSE NET opened at $307.10 on Wednesday. The business has a fifty day simple moving average of $258.51 and a 200 day simple moving average of $220.98. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $108.55 billion, a price-to-earnings ratio of -529.48, a PEG ratio of 192.05 and a beta of 1.65. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $324.73.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. The firm had revenue of $696.06 million for the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. Sell-side analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NET. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research note on Friday, July 17th. Truist Financial upped their price objective on Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Zacks Research raised Cloudflare from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Citizens Jmp boosted their target price on Cloudflare from $330.00 to $394.00 and gave the company a “market outperform” rating in a research note on Friday, August 7th. Finally, UBS Group raised their price target on shares of Cloudflare from $250.00 to $350.00 and gave the stock a “neutral” rating in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $320.19.

Institutional Trading of Cloudflare

Hedge funds have recently modified their holdings of the stock. Norges Bank bought a new position in shares of Cloudflare in 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 purchasing an additional 2,530,872 shares in the last quarter. Corient Private Wealth LLC raised its position in Cloudflare by 4,042.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock valued at $275,887,000 after purchasing an additional 1,365,598 shares during the last quarter. Swedbank AB boosted its stake in shares of Cloudflare by 697.5% during the first quarter. Swedbank AB now owns 927,606 shares of the company’s stock valued at $191,402,000 after purchasing an additional 811,297 shares in the last quarter. Finally, National Pension Service increased its stake in shares of Cloudflare by 53.2% in the fourth quarter. National Pension Service now owns 948,003 shares of the company’s stock valued at $186,899,000 after buying an additional 329,341 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Government authorization expands Cloudflare’s addressable market. Cloudflare for Government received FedRAMP High certification and GovRAMP Moderate authorization, allowing the company to pursue business with federal, state and local agencies, defense organizations, schools and other regulated customers. The company intends to seek Department of Defense Impact Level 4 clearance, potentially opening additional contracts. Cloudflare Achieves FedRAMP High Authorization
• Positive Sentiment: AI demand and large-customer growth remain key catalysts. Recent coverage highlights Cloudflare’s 36% second-quarter revenue growth to approximately $696 million, demand for AI security and its agentic-AI and developer platform offerings. Several analysts also raised price targets, including targets of $333, $346 and $380, reflecting continued optimism about the company’s long-term growth. Cloudflare Surges 65% in 3 Months
• Neutral Sentiment: Susquehanna raised its price target but retained a neutral rating. The target increased from $200 to $300, signaling improved expectations after the second-quarter results, although it remains below recently elevated trading levels. Susquehanna price-target update
• Negative Sentiment: Cloudflare priced $2.175 billion of 0% convertible senior notes due 2031. The financing provides capital without cash interest expense, but future conversion could dilute existing shareholders and increases the company’s financial obligations. The transaction may weigh on the stock after its recent rally. Cloudflare Convertible Notes Offering
• Negative Sentiment: Valuation and widening GAAP losses remain risks. Despite strong revenue growth, Cloudflare continues to report a GAAP operating loss, while its very high valuation reflects substantial expectations for future growth. A director’s sale of 2,520 shares under a pre-arranged Rule 10b5-1 plan is a minor additional overhang, though the director retained nearly 495,000 shares. SEC insider transaction filing

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.