Cloudflare, Inc. (NYSE:NET – Get Free Report) CAO Janel Riley sold 3,333 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $196.95, for a total value of $656,434.35. Following the transaction, the chief accounting officer owned 52,644 shares of the company’s stock, valued at $10,368,235.80. This trade represents a 5.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Janel Riley also recently made the following trade(s):
- On Monday, May 18th, Janel Riley sold 3,481 shares of Cloudflare stock. The shares were sold at an average price of $193.32, for a total value of $672,946.92.
- On Thursday, March 5th, Janel Riley sold 23,332 shares of Cloudflare stock. The shares were sold at an average price of $190.00, for a total value of $4,433,080.00.
Cloudflare Stock Up 2.5%
Shares of NYSE:NET opened at $206.81 on Wednesday. Cloudflare, Inc. has a 1 year low of $154.93 and a 1 year high of $260.00. The business has a 50 day simple moving average of $207.36 and a two-hundred day simple moving average of $199.61. The firm has a market capitalization of $73.10 billion, a PE ratio of -827.25 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.
Key Cloudflare News
Here are the key news stories impacting Cloudflare this week:
- Positive Sentiment: Cloudflare announced a collaboration with Anthropic to launch Cloudflare Environments for Claude Managed Agents, which could strengthen its positioning in AI infrastructure and developer tooling. Cloudflare Brings Secure, Scalable Sandboxes to Claude Managed Agents
- Positive Sentiment: Recent coverage highlighted Cloudflare’s AI-first pivot and workforce reduction as part of a strategy to improve efficiency while expanding AI products, which may be viewed as a margin and growth catalyst. Cloudflare Reshapes Business With AI Pivot And 20% Workforce Cut
- Positive Sentiment: Investor interest in AI-linked internet software names and a sectorwide lift after a strong Cisco report have also helped sentiment around NET. Why Cloudflare (NET) Stock Is Trading Up Today
- Neutral Sentiment: Analyst and media commentary continues to group Cloudflare with other AI software beneficiaries, but this is more sentiment-driven than a new fundamental update. Fastly’s Compute Revenues Surge: Is AI Demand Powering Growth?
- Negative Sentiment: Chief accounting officer Janel Riley sold shares in two separate transactions, and CFO Thomas J. Seifert also sold 10,000 shares, which can create some short-term pressure even though all were under pre-arranged 10b5-1 plans.
Analyst Ratings Changes
A number of brokerages have recently issued reports on NET. BTIG Research reissued a “buy” rating and set a $243.00 target price on shares of Cloudflare in a research note on Friday, May 8th. Needham & Company LLC lowered their target price on shares of Cloudflare from $285.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. DZ Bank raised shares of Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a research note on Friday, February 13th. Wolfe Research reissued a “peer perform” rating on shares of Cloudflare in a research note on Monday, January 26th. Finally, Royal Bank Of Canada boosted their target price on shares of Cloudflare from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Eighteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus target price of $236.68.
Institutional Trading of Cloudflare
Institutional investors and hedge funds have recently made changes to their positions in the company. Physician Wealth Advisors Inc. raised its holdings in shares of Cloudflare by 693.3% in the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after acquiring an additional 104 shares in the last quarter. Wiser Advisor Group LLC bought a new stake in shares of Cloudflare in the third quarter valued at about $26,000. HM Payson & Co. bought a new stake in shares of Cloudflare in the fourth quarter valued at about $25,000. Westside Investment Management Inc. raised its holdings in shares of Cloudflare by 100.0% in the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after acquiring an additional 65 shares in the last quarter. Finally, Wexford Capital LP bought a new stake in shares of Cloudflare in the third quarter valued at about $30,000. 82.68% of the stock is currently owned by institutional investors.
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.
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