Cloudflare (NYSE:NET) CFO Sells $2,323,900.00 in Stock

Cloudflare, Inc. (NYSE:NET) CFO Thomas Seifert sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $232.39, for a total value of $2,323,900.00. Following the transaction, the chief financial officer owned 116,733 shares of the company’s stock, valued at $27,127,581.87. This represents a 7.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Stock Performance

NYSE:NET opened at $223.97 on Friday. The company has a market cap of $79.17 billion, a price-to-earnings ratio of -895.88, a PEG ratio of 399.24 and a beta of 1.70. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $276.82. The stock’s 50 day simple moving average is $217.72 and its two-hundred day simple moving average is $202.77. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The firm had revenue of $639.75 million during the quarter, compared to the consensus estimate of $620.83 million. During the same period in the prior year, the company earned $0.16 EPS. The company’s quarterly revenue was up 33.5% compared to the same quarter last year. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. As a group, equities analysts anticipate that Cloudflare, Inc. will post 0.01 earnings per share for the current fiscal year.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Several recent notes point to a potential technical rebound for Cloudflare, with a hammer chart pattern suggesting support and analysts citing rising earnings estimate revisions as a possible catalyst for a near-term reversal. Article Title
• Positive Sentiment: Cloudflare’s June 4 acquisition of VoidZero could strengthen its developer platform by bringing high-performance JavaScript tools like Vite and Vitest into its edge network, supporting the long-term growth story. Article Title
• Neutral Sentiment: Citizens maintained a constructive view on Cloudflare after Investor Day, while other recent analyst updates kept the stock in focus and helped support sentiment around its AI and security growth opportunities. Article Title
• Negative Sentiment: Insider selling has been a recurring headline, including CFO Thomas Seifert’s sale of 10,000 shares and insider Michelle Zatlyn’s larger sale, which can weigh on sentiment even though the transactions were made under pre-arranged trading plans. Article Title
• Negative Sentiment: Cloudflare is also facing governance concerns after JLens urged shareholders to withhold votes for two directors, creating a headline risk ahead of the June 30 annual meeting. Article Title

Institutional Investors Weigh In On Cloudflare

Institutional investors have recently made changes to their positions in the company. Lingotto Investment Management LLP purchased a new stake in Cloudflare in the 4th quarter valued at about $34,626,000. Trek Financial LLC purchased a new position in shares of Cloudflare during the fourth quarter worth approximately $1,793,000. Jupiter Asset Management Ltd. increased its position in shares of Cloudflare by 1,984.7% during the fourth quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock worth $38,979,000 after acquiring an additional 188,226 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Cloudflare by 25.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock worth $323,259,000 after acquiring an additional 336,768 shares during the period. Finally, Thrivent Financial for Lutherans bought a new stake in shares of Cloudflare during the fourth quarter valued at approximately $5,543,000. Institutional investors own 82.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NET. Sanford C. Bernstein reissued a “market perform” rating and issued a $136.00 price objective on shares of Cloudflare in a research note on Wednesday, June 10th. UBS Group upped their target price on shares of Cloudflare from $220.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, June 10th. TD Cowen reaffirmed a “buy” rating on shares of Cloudflare in a report on Wednesday, June 10th. Citigroup reiterated a “market outperform” rating on shares of Cloudflare in a research report on Monday. Finally, Susquehanna boosted their price objective on Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Twenty-one analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and an average target price of $241.35.

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.