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

Posted by on Jul 9th, 2026

Cloudflare, Inc. (NYSE:NET – Get Free Report) Director Carl Ledbetter sold 5,000 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $268.11, for a total transaction of $1,340,550.00. Following the sale, the director owned 888,073 shares in the company, valued at approximately $238,101,252.03. This represents a 0.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 stock was sold at an average price of $238.12, for a total value of $3,571,800.00.
  • On Friday, May 1st, Carl Ledbetter sold 5,009 shares of Cloudflare stock. The stock was sold at an average price of $215.82, for a total value of $1,081,042.38.
  • On Tuesday, April 28th, Carl Ledbetter sold 9,991 shares of Cloudflare stock. The shares were sold at an average price of $215.85, for a total transaction of $2,156,557.35.

Cloudflare Trading Up 1.7%

Shares of Cloudflare stock opened at $273.37 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The firm’s 50-day moving average price is $229.40 and its 200 day moving average price is $206.40. The firm has a market capitalization of $96.63 billion, a PE ratio of -1,093.47, a P/E/G ratio of 270.75 and a beta of 1.67. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $276.82.

Cloudflare (NYSE:NET – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $620.83 million. During the same period in the previous year, the business earned $0.16 earnings per share. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, sell-side analysts predict that Cloudflare, Inc. will post 0.02 EPS for the current fiscal year.

Institutional Trading of Cloudflare

A number of institutional investors have recently bought and sold shares of the company. HM Payson & Co. acquired a new stake in Cloudflare during the 4th quarter valued at $25,000. Wiser Advisor Group LLC acquired a new position in Cloudflare in the third quarter valued at $26,000. Wexford Capital LP purchased a new position in Cloudflare in the third quarter valued at approximately $30,000. Ameriflex Group Inc. increased its stake in shares of Cloudflare by 105.6% in the third quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock valued at $32,000 after purchasing an additional 76 shares during the period. Finally, CX Institutional grew its stake in shares of Cloudflare by 49.4% in the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 44 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup upgraded shares of Cloudflare from a “market outperform” rating to a “buy” rating in a report on Tuesday. Stifel Nicolaus set a $260.00 price objective on shares of Cloudflare in a report on Friday, May 8th. Morgan Stanley initiated coverage on Cloudflare in a research report on Tuesday. They issued an “overweight” rating on the stock. The Goldman Sachs Group cut Cloudflare from a “buy” rating to a “sell” rating in a research report on Wednesday, April 15th. Finally, Truist Financial raised their price objective on Cloudflare from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. One research 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 given a Sell rating to the company. According to MarketBeat.com, Cloudflare currently has an average rating of “Moderate Buy” and a consensus price target of $244.23.

View Our Latest Research Report on NET

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.

Featured Articles

Insider Buying and Selling by Quarter for Cloudflare (NYSE:NET)

Receive News & Ratings for Cloudflare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloudflare and related companies with MarketBeat.com's FREE daily email newsletter.