Cloudflare (NYSE:NET) Price Target Raised to $330.00 at Citizens Jmp

Cloudflare (NYSE:NET) had its price objective increased by Citizens Jmp from $270.00 to $330.00 in a research report sent to investors on Monday morning,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

Other analysts have also issued reports about the stock. UBS Group increased their target price on shares of Cloudflare from $220.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. Truist Financial upped their price target on Cloudflare from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Royal Bank Of Canada reiterated an “outperform” rating and set a $290.00 price objective on shares of Cloudflare in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised Cloudflare to a “buy” rating in a research note on Tuesday, July 7th. Finally, Guggenheim restated a “sell” rating and issued a $140.00 target price on shares of Cloudflare in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $256.74.

Cloudflare Price Performance

Shares of Cloudflare stock opened at $272.27 on Monday. Cloudflare has a 52 week low of $158.83 and a 52 week high of $291.00. 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 stock has a market cap of $96.24 billion, a PE ratio of -1,089.08, a price-to-earnings-growth ratio of 283.00 and a beta of 1.67. The company’s 50-day moving average price is $237.94 and its two-hundred day moving average price is $210.52.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $639.75 million during the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The business’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS. 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 will post 0.02 EPS for the current fiscal year.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, Director John Graham-Cumming sold 2,520 shares of Cloudflare stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $247.28, for a total transaction of $623,145.60. Following the transaction, the director directly owned 494,909 shares in the company, valued at approximately $122,381,097.52. The trade was a 0.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Carl Ledbetter sold 5,000 shares of the business’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 directly owned 888,073 shares in the company, valued at approximately $238,101,252.03. This trade represents a 0.56% 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. Insiders have sold 590,544 shares of company stock valued at $132,719,009 over the last three months. 10.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NET. Wiser Advisor Group LLC acquired a new position in Cloudflare during the third quarter valued at $26,000. HM Payson & Co. acquired a new stake in Cloudflare during the 4th quarter worth about $25,000. CX Institutional boosted its position in Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 44 shares during the period. Wexford Capital LP purchased a new position in Cloudflare during the 3rd quarter valued at about $30,000. Finally, Brown Brothers Harriman & Co. grew its stake in Cloudflare by 55.4% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after acquiring an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

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.