Cloudflare (NYSE:NET) Insider Sells $773,277.84 in Stock

Key Points

• Cloudflare insider Alissa Michelle Starzak sold 2,538 shares for $773,277.84 at an average price of $304.68 under a pre-arranged Rule 10b5-1 plan. She retained 112,082 shares, valued at approximately $34.15 million.
• Cloudflare reported quarterly revenue of $696.06 million, up 35.9% year over year and above estimates, while adjusted EPS of $0.29 exceeded expectations by $0.02.
• Shares recently traded at $292.03, and analysts maintain a “Moderate Buy” consensus with an average price target of $320.19; several firms recently raised their targets to between $350 and $394.

Cloudflare, Inc. (NYSE:NET - Get Free Report) insider Alissa Michelle Starzak sold 2,538 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $304.68, for a total transaction of $773,277.84. Following the completion of the transaction, the insider directly owned 112,082 shares in the company, valued at approximately $34,149,143.76. This represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 Monday, August 17th, Alissa Michelle Starzak sold 3,333 shares of Cloudflare stock. The shares were sold at an average price of $310.15, for a total transaction of $1,033,729.95.
• 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 Price Performance

NET traded down $9.33 during trading on Wednesday, reaching $292.03. The company's stock had a trading volume of 3,092,386 shares, compared to its average volume of 4,333,878. The company 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. The firm has a fifty day simple moving average of $264.47 and a two-hundred day simple moving average of $225.49. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year 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 - Get Free Report) last posted its quarterly 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 return on equity of 3.88% and a negative net margin of 8.21%.The business had revenue of $696.06 million during the quarter, compared to analyst estimates of $664.66 million. During the same period in the prior year, the business earned $0.21 earnings per share. The business'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. As a group, analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current year.

Hedge Funds Weigh In On Cloudflare

Several large investors have recently made changes to their positions in NET. C M Bidwell & Associates Ltd. purchased a new stake in Cloudflare in the second quarter valued at approximately $30,000. Wiser Advisor Group LLC acquired a new stake in shares of Cloudflare in the third quarter valued at $26,000. HM Payson & Co. acquired a new stake in shares of Cloudflare in the fourth quarter valued at $25,000. CX Institutional raised its holdings 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 buying an additional 44 shares during the period. Finally, Cape Investment Advisory Inc. purchased a new stake in shares of Cloudflare in the 2nd quarter valued at $33,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NET has been the topic of several recent research reports. New Street Research reissued a "market outperform" rating on shares of Cloudflare in a research report on Monday, June 15th. Citizens Jmp boosted their target price on shares of Cloudflare from $330.00 to $394.00 and gave the company a "market outperform" rating in a report on Friday, August 7th. Barclays increased their price target on shares of Cloudflare from $300.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Susquehanna lifted their price target on shares of Cloudflare from $200.00 to $300.00 and gave the company a "neutral" rating in a research report on Monday, August 10th. Finally, Truist Financial upped their price objective on Cloudflare from $300.00 to $350.00 and gave the company a "buy" rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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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