John Graham-Cumming Sells 2,520 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) Director John Graham-Cumming sold 2,520 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $247.28, for a total transaction of $623,145.60. Following the completion of the transaction, the director directly owned 494,909 shares of the company’s stock, valued at $122,381,097.52. This represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Graham-Cumming also recently made the following trade(s):

• On Monday, June 15th, John Graham-Cumming sold 2,520 shares of Cloudflare stock. The stock was sold at an average price of $235.95, for a total value of $594,594.00.
• On Monday, May 4th, John Graham-Cumming sold 2,520 shares of Cloudflare stock. The shares were sold at an average price of $221.58, for a total value of $558,381.60.

Cloudflare Trading Up 1.7%

NYSE:NET opened at $273.37 on Thursday. The firm has a market cap of $96.63 billion, a PE ratio of -1,093.47, a price-to-earnings-growth ratio of 270.75 and a beta of 1.67. The stock has a fifty day moving average price of $229.40 and a 200 day moving average price of $206.40. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $276.82. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29.

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

Hedge Funds Weigh In On Cloudflare

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

Wall Street Analyst Weigh In

NET has been the topic of several analyst reports. Stifel Nicolaus set a $260.00 target price on shares of Cloudflare in a report on Friday, May 8th. Benchmark cut shares of Cloudflare to an “underperform” rating in a report on Tuesday. UBS Group increased their price objective 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. New Street Research restated a “market outperform” rating on shares of Cloudflare in a report on Monday, June 15th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $270.00 price objective on shares of Cloudflare in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $244.23.

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Scotiabank upgraded Cloudflare to Sector Outperform and raised its price target to $300, boosting confidence in the stock’s growth outlook. Scotiabank Upgrades Cloudflare (NYSE:NET) to Sector Outperform
• Positive Sentiment: News flow around Cloudflare’s AI partnership and web indexing research pilot with OpenAI added to the company’s AI infrastructure narrative and could support future demand. Cloudflare, OpenAI team up to launch research pilot for AI search indexing
• Neutral Sentiment: CEO Matthew Prince and director John Graham-Cumming disclosed sizable stock sales, but both were executed under pre-arranged Rule 10b5-1 trading plans. Matthew Prince Sells 33,631 Shares of Cloudflare (NYSE:NET) Stock

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.