Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Cloudflare, Inc. (NYSE:NET)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Cloudflare, Inc. (NYSE:NET). In a filing disclosed on September 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Cloudflare stock on August 18th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 8/28/2026.
• Purchased $15,001 – $50,000 in shares of Quanta Services (NYSE:PWR) on 8/27/2026.
• Purchased $15,001 – $50,000 in shares of Eaton (NYSE:ETN) on 8/27/2026.
• Sold $15,001 – $50,000 in shares of NIKE (NYSE:NKE) on 8/27/2026.
• Sold $1,001 – $15,000 in shares of Phreesia (NYSE:PHR) on 8/26/2026.
• Purchased $1,001 – $15,000 in shares of Wheaton Precious Metals (NYSE:WPM) on 8/26/2026.
• Purchased $1,001 – $15,000 in shares of Walmart (NASDAQ:WMT) on 8/26/2026.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 8/26/2026.
• Sold $15,001 – $50,000 in shares of Lamar Advertising (NASDAQ:LAMR) on 8/25/2026.
• Sold $1,001 – $15,000 in shares of Phreesia (NYSE:PHR) on 8/25/2026.

Cloudflare Price Performance

Shares of NET traded down $4.95 during trading hours on Friday, reaching $306.22. 2,435,552 shares of the company traded hands, compared to its average volume of 2,869,853. The stock has a market capitalization of $108.24 billion, a PE ratio of -527.97, a price-to-earnings-growth ratio of 250.57 and a beta of 1.66. The stock has a fifty day simple moving average of $285.92 and a 200 day simple moving average of $238.94. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week 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.

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 company had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. During the same period in the prior year, the firm earned $0.21 EPS. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. As a group, research analysts predict that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Analyst Ratings Changes

NET has been the topic of a number of analyst reports. Barclays raised their target price on shares of Cloudflare from $300.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Citizens Jmp reiterated a “market outperform” rating and issued a $394.00 price target on shares of Cloudflare in a report on Monday, August 31st. Truist Financial increased their price target on Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Cantor Fitzgerald restated a “neutral” rating and set a $250.00 price objective on shares of Cloudflare in a report on Monday, August 3rd. Finally, Susquehanna lifted their price objective on Cloudflare from $200.00 to $300.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $320.19.

Insider Buying and Selling at Cloudflare

In related news, Director John Graham-Cumming sold 2,520 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $303.97, for a total transaction of $766,004.40. Following the completion of the sale, the director owned 494,909 shares of the company’s stock, valued at approximately $150,437,488.73. This represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Alissa Michelle Starzak sold 2,538 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $304.68, for a total transaction of $773,277.84. Following the completion of the transaction, the insider owned 112,082 shares in the company, valued at $34,149,143.76. The trade was a 2.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 706,244 shares of company stock worth $186,761,866. Company insiders own 10.66% of the company’s stock.

Hedge Funds Weigh In On Cloudflare

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Financial Management LLC boosted its holdings in Cloudflare by 65.3% in the second quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock valued at $29,000 after acquiring an additional 47 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in Cloudflare during the second quarter worth about $30,000. Wiser Advisor Group LLC purchased a new position in shares of Cloudflare in the 3rd quarter worth about $26,000. HM Payson & Co. purchased a new position in shares of Cloudflare in the 4th quarter worth about $25,000. Finally, CX Institutional lifted its stake in shares of Cloudflare by 49.4% in the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 44 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Cloudflare

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

The company’s offerings include content delivery and domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.