Carl Ledbetter Sells 5,000 Shares of Cloudflare (NYSE:NET) Stock

Posted by ABMN Staff on Jul 10th, 2026

Cloudflare, Inc. (NYSE:NET – Get Free Report) Director Carl Ledbetter sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $268.11, for a total transaction of $1,340,550.00. Following the sale, the director directly owned 888,073 shares in the company, valued at approximately $238,101,252.03. The trade was a 0.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

On Tuesday, May 5th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The shares were sold at an average price of $238.12, for a total transaction of $3,571,800.00.
On Friday, May 1st, Carl Ledbetter sold 5,009 shares of Cloudflare stock. The shares were sold at an average price of $215.82, for a total transaction of $1,081,042.38.
On Tuesday, April 28th, Carl Ledbetter sold 9,991 shares of Cloudflare stock. The stock was sold at an average price of $215.85, for a total transaction of $2,156,557.35.

Cloudflare Price Performance

Shares of NET opened at $276.04 on Friday. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $278.88. The stock has a market cap of $97.57 billion, a PE ratio of -1,104.16, a price-to-earnings-growth ratio of 275.35 and a beta of 1.67. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a fifty day moving average price of $230.76 and a 200 day moving average price of $206.97.

Cloudflare (NYSE:NET – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) 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 analyst estimates of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The business’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 earnings per share. 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, sell-side analysts anticipate that Cloudflare, Inc. will post 0.02 EPS for the current year.

Hedge Funds Weigh In On Cloudflare

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Cloudflare by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock valued at $6,389,167,000 after acquiring an additional 90,397 shares in the last quarter. Geode Capital Management LLC raised its holdings in Cloudflare by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock worth $1,184,044,000 after purchasing an additional 241,981 shares in the last quarter. Jennison Associates LLC raised its holdings in Cloudflare by 135.8% during the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after purchasing an additional 2,530,872 shares in the last quarter. First Trust Advisors LP lifted its position in Cloudflare by 1.6% in the fourth quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock valued at $792,377,000 after purchasing an additional 63,198 shares during the period. 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 purchasing an additional 49,485 shares during the period. 82.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NET shares. Jefferies Financial Group downgraded Cloudflare from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays reaffirmed an “overweight” rating and issued a $250.00 target price on shares of Cloudflare in a report on Monday, June 1st. Cantor Fitzgerald reiterated a “neutral” rating and set a $230.00 price target (up from $224.00) on shares of Cloudflare in a research note on Wednesday, June 10th. Piper Sandler reissued an “overweight” rating on shares of Cloudflare in a research report on Wednesday, June 10th. Finally, Needham & Company LLC raised their price objective on shares of Cloudflare from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.23.

Check Out Our Latest Research Report on Cloudflare

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

Positive Sentiment: Scotiabank upgraded Cloudflare (NYSE:NET) to Sector Outperform and lifted its target to $300, citing stronger growth prospects from AI, edge computing, and zero-trust security. Scotiabank Sees a New Growth Story for Cloudflare
Positive Sentiment: Cloudflare’s partnership with OpenAI on a research pilot for AI search indexing reinforces the company’s AI infrastructure narrative and could support future demand. Cloudflare, OpenAI team up to launch research pilot for AI search indexing
Positive Sentiment: Recent coverage highlighted Cloudflare’s rally as investors increasingly view it as an AI infrastructure beneficiary, which may be helping sentiment and momentum in the shares. Cloudflare (NYSE:NET) Rally Sparks AI Infrastructure Buzz
Neutral Sentiment: Director Carl Ledbetter sold 5,000 shares under a pre-arranged Rule 10b5-1 plan. The sale is notable, but it does not necessarily signal a change in the company’s outlook. Cloudflare Director Carl Ledbetter Sells 5,000 Shares
Neutral Sentiment: Cloudflare’s AI crawl/referral data drew attention in a Business Insider piece, but the article is more about industry behavior than a direct fundamental change for NET. Cloudflare’s latest AI rankings expose the web’s biggest free rider

About Cloudflare

(Get Free Report)

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.