Cloudflare (NYSE:NET) Shares Sold Off Rep. Gilbert Ray Cisneros, Jr.

Key Points

• Rep. Gilbert Ray Cisneros Jr. sold between $1,001 and $15,000 of Cloudflare shares on August 18, according to a September 10 disclosure.
• Cloudflare reported quarterly EPS of $0.29 versus the $0.27 consensus estimate, while revenue rose 35.9% year over year to $696.06 million. Shares opened at $306.22, with a 12-month range of $158.83 to $332.22.
• Analysts maintain a consensus “Moderate Buy” rating with a $320.19 target price, although insiders have sold $186.8 million of stock over the past three months; institutional investors own 82.68% of the company.

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

NYSE NET opened at $306.22 on Friday. The stock has a 50-day simple moving average of $285.92 and a 200 day simple moving average of $238.94. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $332.22. The stock has a market capitalization of $108.24 billion, a PE ratio of -527.97, a P/E/G ratio of 254.36 and a beta of 1.66. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82.

Cloudflare (NYSE:NET - Get Free Report) 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. The firm had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The company's revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Research analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NET shares. KeyCorp raised their price objective on shares of Cloudflare from $300.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Mizuho upped their target price on shares of Cloudflare from $260.00 to $310.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. New Street Research reissued a "market outperform" rating on shares of Cloudflare in a report on Monday, June 15th. BTIG Research boosted their price objective on shares of Cloudflare from $314.00 to $382.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Finally, Needham & Company LLC upped their price objective on shares of Cloudflare from $280.00 to $380.00 and gave the company a "buy" rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $320.19.

Insiders Place Their Bets

In other news, CEO Matthew Prince sold 52,422 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $249.09, for a total value of $13,057,795.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 that occurred on 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 transaction, the insider directly owned 69,775 shares in the company, valued at approximately $20,557,808.25. This 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. Insiders have sold 706,244 shares of company stock valued at $186,761,866 in the last three months. 10.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cloudflare

A number of hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its holdings in shares of Cloudflare by 24,491.6% in the second quarter. California State Teachers Retirement System now owns 114,562,194 shares of the company's stock valued at $28,099,815,000 after purchasing an additional 114,096,335 shares in the last quarter. Norges Bank bought a new stake in Cloudflare during the fourth quarter worth $718,316,000. Jennison Associates LLC raised its position in Cloudflare by 135.8% in the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company's stock valued at $906,758,000 after buying an additional 2,530,872 shares during the last quarter. Corient Private Wealth LLC raised its position in Cloudflare by 4,042.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company's stock valued at $275,887,000 after buying an additional 1,365,598 shares during the last quarter. Finally, Swedbank AB raised its position in Cloudflare by 697.5% in the 1st quarter. Swedbank AB now owns 927,606 shares of the company's stock valued at $191,402,000 after buying an additional 811,297 shares during the last quarter. Institutional investors 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.

Cloudflare Company Profile

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.

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