Cloudflare (NYSE:NET) Director Sells $74,105.56 in Stock

Cloudflare, Inc. (NYSE:NET) Director Katrin Suder sold 293 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $252.92, for a total value of $74,105.56. Following the sale, the director owned 37,430 shares in the company, valued at $9,466,795.60. This trade represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Price Performance

NYSE:NET opened at $219.59 on Thursday. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $276.82. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $77.62 billion, a PE ratio of -878.36 and a beta of 1.70. The stock’s 50-day moving average price is $215.24 and its 200-day moving average price is $201.20.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $639.76 million for the quarter, compared to analysts’ expectations of $620.83 million. During the same period last year, the firm earned $0.16 EPS. The company’s quarterly 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.

More Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: RBC Capital Markets raised its price target on Cloudflare to $260 and reiterated an outperform rating, while BTIG and Needham also lifted targets, signaling growing confidence in management’s long-term profitability plan.
• Positive Sentiment: Multiple articles highlighted Cloudflare as a potential beneficiary of agentic AI, which supports the bull case that its developer and AI platform initiatives could become a larger growth driver.
• Positive Sentiment: Analysts said Cloudflare appears on track to execute on its updated long-term targets, suggesting the company’s investor-day messaging may have reinforced expectations for margin improvement and disciplined growth.
• Neutral Sentiment: Cloudflare announced an AI-first restructuring plan that includes about 1,100 job cuts and a proposal for new Class C shares. The changes may improve efficiency over time, but they also introduce near-term execution and governance questions.
• Negative Sentiment: Recent insider-sale disclosures, including a sale by director Katrin Suder, may add to investor caution, especially after a sharp run-up in the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NET. Allianz Asset Management GmbH lifted its stake in Cloudflare by 322.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 65,182 shares of the company’s stock worth $13,987,000 after purchasing an additional 49,749 shares in the last quarter. Trek Financial LLC purchased a new position in Cloudflare in the 4th quarter worth approximately $1,793,000. Lingotto Investment Management LLP purchased a new position in Cloudflare in the 4th quarter worth approximately $34,626,000. Massachusetts Financial Services Co. MA lifted its stake in Cloudflare by 25.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock worth $323,259,000 after purchasing an additional 336,768 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its stake in Cloudflare by 1,984.7% in the 4th quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock worth $38,979,000 after purchasing an additional 188,226 shares in the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NET has been the topic of a number of analyst reports. Guggenheim restated a “sell” rating and set a $140.00 target price on shares of Cloudflare in a research report on Wednesday. Zacks Research raised shares of Cloudflare from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $136.00 price target on shares of Cloudflare in a research note on Wednesday. Susquehanna raised their price target on shares of Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Cloudflare in a research note on Wednesday. Nineteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Cloudflare currently has an average rating of “Moderate Buy” and a consensus price target of $240.38.

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.