Cloudflare (NYSE:NET) Insider Alissa Michelle Starzak Sells 16,243 Shares

Cloudflare, Inc. (NYSE:NET) insider Alissa Michelle Starzak sold 16,243 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $216.15, for a total transaction of $3,510,924.45. Following the completion of the sale, the insider owned 118,395 shares of the company’s stock, valued at approximately $25,591,079.25. This trade represents a 12.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Stock Up 11.6%

Shares of NYSE:NET opened at $269.87 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The company has a market cap of $95.39 billion, a PE ratio of -1,079.48 and a beta of 1.67. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $271.20. The firm has a 50 day simple moving average of $209.52 and a 200 day simple moving average of $198.92.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $639.76 million during the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the firm 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Physician Wealth Advisors Inc. grew its stake in Cloudflare by 693.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after buying an additional 104 shares during the last quarter. Wiser Advisor Group LLC acquired a new position in Cloudflare in the 3rd quarter valued at $26,000. HM Payson & Co. acquired a new position in Cloudflare in the 4th quarter valued at $25,000. Westside Investment Management Inc. grew its stake in Cloudflare by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after buying an additional 65 shares during the last quarter. Finally, Wexford Capital LP acquired a new position in Cloudflare in the 3rd quarter valued at $30,000. Institutional investors own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

NET has been the subject of several research analyst reports. Morgan Stanley set a $245.00 price target on shares of Cloudflare in a research report on Wednesday, February 11th. Stifel Nicolaus set a $260.00 target price on shares of Cloudflare in a research report on Friday, May 8th. Guggenheim increased their target price on shares of Cloudflare from $117.00 to $140.00 and gave the stock a “sell” rating in a research report on Wednesday, February 11th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Cloudflare in a research report on Friday, May 22nd. Finally, Citigroup started coverage on shares of Cloudflare in a research report on Wednesday, April 15th. They issued a “buy” rating for the company. Eighteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $236.68.

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.