Insider Selling: Cloudflare (NYSE:NET) CAO Sells $1,062,610.06 in Stock

Cloudflare, Inc. (NYSE:NET) CAO Janel Riley sold 3,481 shares of Cloudflare stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $305.26, for a total value of $1,062,610.06. Following the completion of the sale, the chief accounting officer owned 41,547 shares of the company’s stock, valued at $12,682,637.22. This trade represents a 7.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Janel Riley also recently made the following trade(s):

• On Monday, August 17th, Janel Riley sold 1,667 shares of Cloudflare stock. The shares were sold at an average price of $310.36, for a total transaction of $517,370.12.

Cloudflare Trading Down 3.1%

Shares of NET stock traded down $9.33 during trading hours on Wednesday, hitting $292.03. 3,092,386 shares of the company were exchanged, compared to its average volume of 4,333,878. The firm has a fifty day moving average of $264.47 and a 200 day moving average of $225.49. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $332.22. The firm has a market cap of $103.22 billion, a PE ratio of -503.50, a PEG ratio of 230.77 and a beta of 1.65.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating 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 3.88%. The firm had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. During the same period in the previous year, the firm earned $0.21 earnings per share. Cloudflare’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. Analysts expect that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Hedge Funds Weigh In On Cloudflare

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CX Institutional grew its position 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 buying an additional 44 shares during the last quarter. Wealth Architects LLC raised its stake in Cloudflare by 4.6% during the second quarter. Wealth Architects LLC now owns 1,022 shares of the company’s stock worth $251,000 after acquiring an additional 45 shares during the period. Forum Financial Management LP lifted its holdings in Cloudflare by 3.5% in the second quarter. Forum Financial Management LP now owns 1,498 shares of the company’s stock worth $367,000 after acquiring an additional 50 shares during the last quarter. Quadrant Private Wealth Management LLC lifted its holdings in Cloudflare by 3.2% in the first quarter. Quadrant Private Wealth Management LLC now owns 1,653 shares of the company’s stock worth $341,000 after acquiring an additional 51 shares during the last quarter. Finally, Essential Partners LLC boosted its stake in Cloudflare by 14.5% in the first quarter. Essential Partners LLC now owns 402 shares of the company’s stock valued at $83,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NET shares. DZ Bank downgraded Cloudflare from a “strong-buy” rating to a “strong sell” rating in a report on Friday, August 7th. Needham & Company LLC boosted their price target on Cloudflare from $280.00 to $380.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research report on Friday, July 17th. Royal Bank Of Canada upped their price target on Cloudflare from $290.00 to $346.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $389.00 price objective on shares of Cloudflare in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $320.19.

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.