Mark Hawkins Sells 133 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) Director Mark Hawkins sold 133 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $249.00, for a total value of $33,117.00. Following the sale, the director directly owned 10,765 shares of the company’s stock, valued at approximately $2,680,485. This represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Price Performance

Shares of NYSE:NET opened at $242.14 on Friday. The company’s 50-day moving average is $226.09 and its 200 day moving average is $204.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The company has a market capitalization of $85.59 billion, a P/E ratio of -968.56, a price-to-earnings-growth ratio of 244.14 and a beta of 1.67. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $276.82.

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. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The company had revenue of $639.75 million during the quarter, compared to analyst estimates of $620.83 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The firm’s revenue for the quarter 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. On average, equities research analysts forecast that Cloudflare, Inc. will post 0.02 earnings per share for the current year.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NET shares. Barclays restated an “overweight” rating and set a $250.00 price target on shares of Cloudflare in a research note on Monday, June 1st. Truist Financial increased their price objective on Cloudflare from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, June 11th. TD Cowen reissued a “buy” rating on shares of Cloudflare in a research report on Wednesday, June 10th. Cantor Fitzgerald restated a “neutral” rating and issued a $230.00 target price (up from $224.00) on shares of Cloudflare in a research note on Wednesday, June 10th. Finally, BTIG Research upped their price target on Cloudflare from $243.00 to $269.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Twenty-one research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $241.35.

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.