Cloudflare, Inc. (NYSE:NET – Get Free Report) insider Alissa Michelle Starzak sold 2,538 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $304.68, for a total transaction of $773,277.84. Following the completion of the sale, the insider owned 112,082 shares of the company’s stock, valued at approximately $34,149,143.76. The trade was a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Alissa Michelle Starzak also recently made the following trade(s):
- On Monday, August 17th, Alissa Michelle Starzak sold 3,333 shares of Cloudflare stock. The stock was sold at an average price of $310.15, for a total transaction of $1,033,729.95.
- On Thursday, May 28th, Alissa Michelle Starzak sold 16,243 shares of Cloudflare stock. The stock was sold at an average price of $216.15, for a total value of $3,510,924.45.
Cloudflare Price Performance
NET stock opened at $278.03 on Friday. The company has a market cap of $98.27 billion, a PE ratio of -479.36, a price-to-earnings-growth ratio of 174.39 and a beta of 1.65. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. The stock has a 50-day moving average price of $266.93 and a two-hundred day moving average price of $226.99. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $332.22.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Susquehanna upped their price target on shares of Cloudflare from $200.00 to $300.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Cantor Fitzgerald reissued a “neutral” rating and issued a $250.00 price objective on shares of Cloudflare in a research report on Monday, August 3rd. Morgan Stanley restated an “overweight” rating and set a $370.00 price objective on shares of Cloudflare in a research note on Friday, August 7th. Needham & Company LLC upped their target price on Cloudflare from $280.00 to $380.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Zacks Research downgraded Cloudflare from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $320.19.
Check Out Our Latest Report on NET
Institutional Trading of Cloudflare
A number of hedge funds have recently made changes to their positions in NET. HM Payson & Co. bought a new position in Cloudflare during the 4th quarter valued at $25,000. Wiser Advisor Group LLC bought a new stake in shares of Cloudflare in the 3rd quarter worth about $26,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Cloudflare in the 2nd quarter valued at about $30,000. Wexford Capital LP bought a new position in shares of Cloudflare during the third quarter worth about $30,000. Finally, CX Institutional lifted its position in shares of Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 44 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.
Cloudflare News Summary
Here are the key news stories impacting Cloudflare this week:
- Positive Sentiment: Cathie Wood’s firm launched a new exchange-traded fund and included Cloudflare among its purchases, alongside Broadcom and Rocket Lab. The investment provides additional visibility and signals continued interest in Cloudflare’s AI, edge-computing and cybersecurity growth prospects. Cathie Wood’s firm launches new ETF and buys Cloudflare
- Positive Sentiment: Cloudflare’s most recent quarterly results were stronger than expected, with earnings per share of $0.29 versus the $0.27 consensus and revenue of approximately $696 million versus estimates of $665 million. Revenue grew 35.9% year over year, supporting the company’s AI and edge-platform narrative. Cloudflare’s beat-and-raise quarter
- Neutral Sentiment: Several insiders sold shares, including CFO Thomas Seifert’s 10,000 shares and additional sales by Chief Accounting Officer Janel Riley and Alissa Michelle Starzak. The transactions were executed under pre-arranged Rule 10b5-1 plans, meaning they may reflect scheduled diversification rather than a negative view of Cloudflare’s business. Cloudflare insider selling
- Negative Sentiment: Cloudflare is being pulled lower with other AI-cloud stocks amid concerns that tighter or more expensive financing could pressure highly valued growth companies. The stock also remains unprofitable and trades at a very demanding valuation, increasing its sensitivity to profit-taking after a substantial rally. Financing concerns weigh on AI-cloud stocks
- Negative Sentiment: GuruFocus characterized Cloudflare as overvalued following its recent decline. With shares near the upper end of their 52-week range and valuation expectations already reflecting substantial AI-driven growth, investors may be demanding stronger future results to justify the price. Cloudflare shares remain overvalued
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.
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