Cloudflare (NYSE:NET) Insider Sells $1,033,729.95 in Stock

Key Points

• Cloudflare insider Alissa Michelle Starzak sold 3,333 shares at an average price of $310.15, generating approximately $1.03 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving her with 114,620 shares.
• Cloudflare shares recently traded at $292.03, with a market capitalization of about $103.2 billion, after reaching a 12-month high of $332.22. The stock’s valuation remains elevated, with a price-to-earnings ratio of roughly -503.5.
• The company reported quarterly revenue of $696.06 million, up 35.9% year over year, and earnings of $0.29 per share, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $320.19.

Cloudflare, Inc. (NYSE:NET - Get Free Report) insider Alissa Michelle Starzak sold 3,333 shares of Cloudflare stock in a transaction that occurred 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 transaction, the insider owned 114,620 shares of the company's stock, valued at $35,549,393. This represents a 2.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 transaction of $3,510,924.45.

Cloudflare Stock Performance

Shares of NET traded down $9.33 during trading hours on Wednesday, hitting $292.03. The company had a trading volume of 3,092,386 shares, compared to its average volume of 4,333,878. The business 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. The firm has a market cap of $103.22 billion, a price-to-earnings ratio of -503.50, a PEG ratio of 230.77 and a beta of 1.65. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $332.22.

Cloudflare (NYSE:NET - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping 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 previous year, the firm posted $0.21 EPS. 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. Equities analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Cloudflare

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Cloudflare by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company's stock valued at $6,389,167,000 after buying an additional 90,397 shares in the last quarter. Geode Capital Management LLC increased its stake in Cloudflare by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company's stock valued at $1,184,044,000 after acquiring an additional 241,981 shares during the last quarter. Jennison Associates LLC increased its stake in Cloudflare by 135.8% in the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company's stock valued at $906,758,000 after acquiring an additional 2,530,872 shares during the last quarter. First Trust Advisors LP raised its position in Cloudflare by 1.6% during the fourth quarter. First Trust Advisors LP now owns 4,019,157 shares of the company's stock valued at $792,377,000 after purchasing an additional 63,198 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Cloudflare by 1.3% during the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company's stock worth $850,792,000 after purchasing an additional 49,485 shares during the last quarter. 82.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NET has been the topic of a number of recent research reports. Sanford C. Bernstein reiterated a "market perform" rating and set a $136.00 target price on shares of Cloudflare in a research note on Wednesday, June 10th. Stifel Nicolaus set a $260.00 price target on Cloudflare in a research note on Friday, May 8th. Jefferies Financial Group set a $350.00 price objective on Cloudflare in a report on Friday, August 7th. Royal Bank Of Canada lifted their target price on Cloudflare from $290.00 to $346.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. Finally, Citigroup upped their price target on shares of Cloudflare from $265.00 to $400.00 and gave the company a "buy" rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Cloudflare presently has an average 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.

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