Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Cloudflare, Inc. (NYSE:NET). In a filing disclosed on September 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Cloudflare stock on August 18th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.
Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):
- Sold $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 8/28/2026.
- Purchased $15,001 – $50,000 in shares of Quanta Services (NYSE:PWR) on 8/27/2026.
- Purchased $15,001 – $50,000 in shares of Eaton (NYSE:ETN) on 8/27/2026.
- Sold $15,001 – $50,000 in shares of NIKE (NYSE:NKE) on 8/27/2026.
- Sold $1,001 – $15,000 in shares of Phreesia (NYSE:PHR) on 8/26/2026.
- Purchased $1,001 – $15,000 in shares of Wheaton Precious Metals (NYSE:WPM) on 8/26/2026.
- Purchased $1,001 – $15,000 in shares of Walmart (NASDAQ:WMT) on 8/26/2026.
- Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 8/26/2026.
- Sold $15,001 – $50,000 in shares of Lamar Advertising (NASDAQ:LAMR) on 8/25/2026.
- Sold $1,001 – $15,000 in shares of Phreesia (NYSE:PHR) on 8/25/2026.
Cloudflare Trading Down 1.6%
NYSE:NET traded down $4.95 during midday trading on Friday, reaching $306.22. 2,435,552 shares of the stock traded hands, compared to its average volume of 2,869,853. The stock has a market capitalization of $108.24 billion, a P/E ratio of -527.97, a PEG ratio of 254.36 and a beta of 1.66. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. The company has a fifty day moving average of $285.92 and a 200 day moving average of $238.94. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $332.22.
Analysts Set New Price Targets
A number of brokerages recently commented on NET. Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a report on Friday, July 17th. The Goldman Sachs Group reiterated a “buy” rating and issued a $389.00 price target on shares of Cloudflare in a report on Friday, August 7th. BTIG Research boosted their price objective on shares of Cloudflare from $314.00 to $382.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Needham & Company LLC upped their price objective on shares of Cloudflare from $280.00 to $380.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Cloudflare in a research report on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $320.19.
Read Our Latest Research Report on NET
Insiders Place Their Bets
In other news, insider Alissa Michelle Starzak sold 2,538 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $304.68, for a total value of $773,277.84. Following the sale, the insider directly owned 112,082 shares of the company’s stock, valued at approximately $34,149,143.76. This represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Janel Riley sold 3,481 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $305.26, for a total value of $1,062,610.06. Following the transaction, the chief accounting officer owned 41,547 shares of the company’s stock, valued at $12,682,637.22. The trade was a 7.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 706,244 shares of company stock valued at $186,761,866. Company insiders own 10.66% of the company’s stock.
Institutional Trading of Cloudflare
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Lingotto Investment Management LLP bought a new position in shares of Cloudflare during the fourth quarter valued at approximately $34,626,000. Jupiter Asset Management Ltd. grew its stake in shares of Cloudflare by 1,984.7% in the 4th quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock worth $38,979,000 after buying an additional 188,226 shares during the last quarter. Trek Financial LLC bought a new position in Cloudflare during the 4th quarter valued at approximately $1,793,000. Pictet Asset Management Holding SA increased its position in Cloudflare by 17.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock valued at $284,900,000 after buying an additional 206,506 shares in the last quarter. Finally, Thrivent Financial for Lutherans purchased a new position in Cloudflare during the fourth quarter valued at $5,543,000. 82.68% of the stock is owned by hedge funds and other institutional investors.
About Representative Cisneros
Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.
Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.
About Cloudflare
Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.
The company’s offerings include content delivery and domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.
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