Insider Selling: Cloudflare (NYSE:NET) Insider Sells 3,333 Shares of Stock

Cloudflare, Inc. (NYSE:NET) insider Alissa Michelle Starzak sold 3,333 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $310.15, for a total value of $1,033,729.95. Following the sale, the insider owned 114,620 shares of the company’s stock, valued at approximately $35,549,393. This represents a 2.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alissa Michelle Starzak also recently made the following trade(s):

• On Tuesday, August 18th, Alissa Michelle Starzak sold 2,538 shares of Cloudflare stock. The shares were sold at an average price of $304.68, for a total value of $773,277.84.
• On Thursday, May 28th, Alissa Michelle Starzak sold 16,243 shares of Cloudflare stock. The shares were sold at an average price of $216.15, for a total value of $3,510,924.45.

Cloudflare Price Performance

Shares of NET stock traded down $9.33 on Wednesday, reaching $292.03. The company had a trading volume of 3,092,386 shares, compared to its average volume of 4,333,878. The business’s 50-day moving average is $264.47 and its 200 day moving average is $225.49. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $332.22. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $103.22 billion, a PE ratio of -503.50, a price-to-earnings-growth ratio of 230.77 and a beta of 1.65.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The business had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The firm’s revenue was up 35.9% compared to the same quarter last year. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Equities research analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Institutional Trading of Cloudflare

Large investors have recently bought and sold shares of the business. Empowered Funds LLC lifted its stake in Cloudflare by 34.2% during the 1st quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock valued at $750,000 after acquiring an additional 1,696 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Cloudflare during the second quarter valued at about $424,000. Cerity Partners LLC lifted its position in shares of Cloudflare by 30.1% during the second quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock valued at $5,391,000 after purchasing an additional 6,363 shares in the last quarter. Sei Investments Co. boosted its holdings in Cloudflare by 40.1% during the second quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock worth $64,432,000 after purchasing an additional 94,112 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Cloudflare by 14.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock worth $3,224,000 after purchasing an additional 2,093 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NET has been the subject of several research reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $389.00 target price on shares of Cloudflare in a research report on Friday, August 7th. KeyCorp upped their price target on shares of Cloudflare from $300.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Susquehanna boosted their price objective on shares of Cloudflare from $200.00 to $300.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. New Street Research restated a “market outperform” rating on shares of Cloudflare in a report on Monday, June 15th. Finally, Robert W. Baird set a $330.00 target price on Cloudflare in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $320.19.

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.