Thomas Seifert Sells 55,000 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) CFO Thomas Seifert sold 55,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $300.30, for a total value of $16,516,500.00. Following the completion of the transaction, the chief financial officer owned 113,790 shares in the company, valued at $34,171,137. The trade was a 32.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Trading Up 5.8%

NET opened at $301.00 on Friday. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $324.73. The company has a 50-day simple moving average of $257.02 and a 200 day simple moving average of $218.84. 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 $106.39 billion, a price-to-earnings ratio of -518.96, a P/E/G ratio of 212.72 and a beta of 1.65.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.99%. The firm had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. During the same period in the prior year, the company posted $0.21 earnings per share. The business’s revenue for the quarter was up 35.9% on a year-over-year basis. Analysts predict that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

NET has been the subject of several recent analyst reports. Sanford C. Bernstein restated a “market perform” rating and set a $136.00 target price on shares of Cloudflare in a research note on Wednesday, June 10th. Barclays boosted their price target on Cloudflare from $300.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday. Benchmark downgraded Cloudflare to an “underperform” rating in a research report on Tuesday, July 7th. Oppenheimer raised their price objective on Cloudflare from $330.00 to $380.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Truist Financial lifted their target price on Cloudflare from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Friday. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $311.48.

More 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

Several institutional investors have recently modified their holdings of NET. Plato Investment Management Ltd acquired a new stake in shares of Cloudflare during the 2nd quarter valued at $1,499,000. MBM Wealth Consultants LLC increased its holdings in Cloudflare by 11.7% in the 2nd quarter. MBM Wealth Consultants LLC now owns 11,233 shares of the company’s stock worth $2,755,000 after purchasing an additional 1,174 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in Cloudflare by 55.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 3,928 shares of the company’s stock worth $963,000 after purchasing an additional 1,408 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Cloudflare in the second quarter valued at about $477,000. Finally, Nilsine Partners LLC boosted its stake in shares of Cloudflare by 11.7% during the second quarter. Nilsine Partners LLC now owns 1,206 shares of the company’s stock valued at $296,000 after purchasing an additional 126 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

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.