Cloudflare (NYSE:NET) Price Target Raised to $400.00

Cloudflare (NYSE:NET) had its price target boosted by Wells Fargo & Company from $380.00 to $400.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. Oppenheimer upped their price objective on Cloudflare from $380.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday, October 9th. Cantor Fitzgerald reissued a “neutral” rating and issued a $340.00 target price on shares of Cloudflare in a research note on Monday, October 5th. Zacks Research downgraded shares of Cloudflare from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft raised shares of Cloudflare to a “buy” rating in a research report on Tuesday, July 7th. Finally, KeyCorp upped their price target on shares of Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $333.70.

Cloudflare Price Performance

Shares of NYSE NET opened at $279.86 on Wednesday. The stock has a market capitalization of $98.92 billion, a price-to-earnings ratio of -482.52, a PEG ratio of 246.79 and a beta of 1.65. The business has a 50-day moving average of $320.77 and a 200-day moving average of $247.79. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. Cloudflare has a fifty-two week low of $158.83 and a fifty-two week high of $370.35.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%. The business had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. Cloudflare’s 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, sell-side analysts predict that Cloudflare will post 0.03 earnings per share for the current fiscal year.

Insider Activity at Cloudflare

In related news, CEO Matthew Prince sold 52,383 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $283.42, for a total transaction of $14,846,389.86. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $294.63, for a total transaction of $9,723,673.89. Following the completion of the sale, the insider owned 69,775 shares of the company’s stock, valued at $20,557,808.25. This trade represents a 32.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 476,339 shares of company stock worth $143,439,267. Corporate insiders own 10.66% of the company’s stock.

Institutional Investors Weigh In On Cloudflare

A number of hedge funds and other institutional investors have recently made changes to their positions in NET. GK Wealth Management LLC acquired a new stake in shares of Cloudflare during the 3rd quarter worth approximately $25,000. Toth Financial Advisory Corp acquired a new position in shares of Cloudflare during the 3rd quarter valued at $36,000. Cornerstone Financial Management LLC lifted its position in shares of Cloudflare by 65.3% during the 2nd 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 period. C M Bidwell & Associates Ltd. bought a new position in Cloudflare during the second quarter worth $30,000. Finally, CX Institutional boosted its stake in Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 44 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare Company Profile

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

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