Insider Selling: Cloudflare (NYSE:NET) Director Sells $1,216,126.84 in Stock

Cloudflare, Inc. (NYSE:NET) Director Carl Ledbetter sold 6,134 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $198.26, for a total transaction of $1,216,126.84. Following the completion of the sale, the director owned 968,073 shares in the company, valued at approximately $191,930,152.98. This trade represents a 0.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Carl Ledbetter also recently made the following trade(s):

• On Tuesday, December 30th, Carl Ledbetter sold 192 shares of Cloudflare stock. The stock was sold at an average price of $201.25, for a total value of $38,640.00.
• On Monday, December 29th, Carl Ledbetter sold 8,674 shares of Cloudflare stock. The shares were sold at an average price of $201.46, for a total value of $1,747,464.04.
• On Monday, November 17th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The shares were sold at an average price of $207.96, for a total value of $3,119,400.00.
• On Monday, October 20th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The stock was sold at an average price of $210.65, for a total value of $3,159,750.00.

Cloudflare Price Performance

Shares of NYSE NET opened at $186.91 on Friday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $65.47 billion, a price-to-earnings ratio of -623.03, a price-to-earnings-growth ratio of 133.40 and a beta of 1.96. Cloudflare, Inc. has a twelve month low of $89.42 and a twelve month high of $260.00. The business has a 50 day simple moving average of $206.32 and a 200-day simple moving average of $206.43.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. The firm had revenue of $562.03 million for the quarter, compared to analysts’ expectations of $544.65 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The firm’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same period last year, the business posted $0.20 earnings per share. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. As a group, equities research analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On Cloudflare

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Physician Wealth Advisors Inc. grew its holdings in Cloudflare by 693.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after buying an additional 104 shares in the last quarter. Wiser Advisor Group LLC acquired a new position in Cloudflare during the 3rd quarter worth $26,000. Westside Investment Management Inc. boosted its position in Cloudflare by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after acquiring an additional 65 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of Cloudflare in the second quarter worth $29,000. Finally, ORG Wealth Partners LLC increased its holdings in shares of Cloudflare by 101.4% during the third quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock valued at $30,000 after purchasing an additional 70 shares during the period. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Zacks says Cloudflare has a strong earnings‑surprise record and the setup to potentially beat again next quarter — a fundamental positive that can support the stock if results repeat. Cloudflare (NET) Ascends While Market Falls
• Positive Sentiment: Profile pieces note strong long‑term returns (e.g., ~374% over three years), which supports investor confidence and could attract momentum buyers. Cloudflare’s investors pleased with 374% return
• Neutral Sentiment: Piper Sandler kept a Hold rating on NET — a cautious stance that doesn’t add buying pressure but signals no downgrade‑driven selling. Piper Sandler Sticks to Hold
• Neutral Sentiment: Institutional activity remains elevated (several funds adjusted positions), which increases liquidity and can amplify moves but doesn’t by itself indicate direction. MarketBeat: NET insider & institutional activity
• Negative Sentiment: CEO Matthew Prince sold large blocks this week (52,384 shares on Jan. 6 at ~$194.77 and another 52,384 on Jan. 8 at ~$189.47), totaling ~ $20M+ — large insider sales often trigger short‑term selling pressure and investor concern. SEC Form 4: Matthew Prince
• Negative Sentiment: Piper Sandler lowered its price target to $220 from $249 — a direct cap on near‑term upside that may weigh on sentiment. Price Target Lowered to $220
• Negative Sentiment: A public dispute with LaLiga (Spanish soccer league) alleging Cloudflare “ignores illegal content” raises reputational and policy/regulatory risk that could force costly changes or legal responses. Spanish soccer league battles Cloudflare over piracy
• Negative Sentiment: Additional director selling (Mark Hawkins, John Graham‑Cumming, Carl Ledbetter and small sales by others) was filed this week — while dollar amounts are smaller, clustered insider sales can amplify negative sentiment. Director Form 4 filings

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Argus boosted their price objective on shares of Cloudflare from $238.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Stifel Nicolaus lifted their target price on Cloudflare from $230.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, October 31st. DZ Bank raised Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 target price for the company in a report on Wednesday, November 5th. Wells Fargo & Company raised their price target on Cloudflare from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, Jefferies Financial Group restated a “hold” rating and set a $225.00 price objective on shares of Cloudflare in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $233.70.

About Cloudflare

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.