Carl Ledbetter Sells 15,000 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) Director Carl Ledbetter sold 15,000 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $227.05, for a total value of $3,405,750.00. Following the completion of the sale, the director directly owned 938,073 shares of the company’s stock, valued at approximately $212,989,474.65. The trade was a 1.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Carl Ledbetter also recently made the following trade(s):

• On Tuesday, January 27th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The stock was sold at an average price of $211.16, for a total value of $3,167,400.00.
• On Monday, January 5th, Carl Ledbetter sold 6,134 shares of Cloudflare stock. The shares were sold at an average price of $198.26, for a total value of $1,216,126.84.
• On Tuesday, December 30th, Carl Ledbetter sold 192 shares of Cloudflare stock. The shares were sold at an average price of $201.25, for a total transaction of $38,640.00.
• On Monday, December 29th, Carl Ledbetter sold 8,674 shares of Cloudflare stock. The stock was sold at an average price of $201.46, for a total transaction of $1,747,464.04.

Cloudflare Stock Down 2.8%

Shares of NYSE NET opened at $215.14 on Friday. The company has a market capitalization of $75.36 billion, a P/E ratio of -741.85 and a beta of 1.98. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.98 and a current ratio of 1.98. The company’s 50 day moving average price is $187.69 and its 200-day moving average price is $203.28.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. Cloudflare had a negative net margin of 4.72% and a negative return on equity of 7.24%. The company had revenue of $614.51 million during the quarter, compared to analysts’ expectations of $591.67 million. During the same period in the prior year, the company posted $0.19 earnings per share. Cloudflare’s revenue for the quarter was up 33.6% compared to the same quarter last year. Equities analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Reports that Coinbase and other firms are competing to use Cloudflare’s infrastructure for a new AI‑stablecoin / agent payments project drove investor enthusiasm by linking Cloudflare to AI monetization and crypto payments. Read More.
• Positive Sentiment: Cloudflare expanded its enterprise security footprint via a deeper partnership with SentinelOne to integrate Singularity SIEM telemetry with Cloudflare’s network — a deal that could increase cross‑sell into larger security contracts. Read More.
• Positive Sentiment: Momentum/flow signals and short‑term technical buying attracted momentum traders during the rally, contributing to prior gains. Read More.
• Neutral Sentiment: Market commentary frames Cloudflare’s stablecoin idea as a plausible strategic extension tied to AI agents, but analysts caution it’s early and unconfirmed — upside depends on execution. Read More.
• Neutral Sentiment: Wall Street coverage remains mostly constructive (many Buy/Outperform ratings and a mid‑$200s target consensus), which supports longer‑term sentiment but is not a fresh catalyst. Read More.
• Negative Sentiment: Large insider selling (CEO Matthew Prince sold multiple blocks this week and a director also sold shares) is a clear headwind — it can prompt short‑term selling and make some investors wary even as headlines remain positive. Read More. • Read More.
• Negative Sentiment: Broader market technical weakness and profit‑taking after a sharp multi‑week rally increase downside risk for high‑beta, narrative stocks like NET. Read More.

Institutional Trading of Cloudflare

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Purpose Unlimited Inc. acquired a new position in Cloudflare during the 4th quarter worth approximately $721,000. Stance Capital LLC grew its stake in Cloudflare by 10.7% in the fourth quarter. Stance Capital LLC now owns 6,721 shares of the company’s stock valued at $1,325,000 after acquiring an additional 650 shares during the period. Osbon Capital Management LLC bought a new stake in shares of Cloudflare during the fourth quarter valued at approximately $2,456,000. Fund Advisors of America Inc FL bought a new stake in shares of Cloudflare during the fourth quarter valued at approximately $1,900,000. Finally, Spear Advisors LLC acquired a new position in shares of Cloudflare during the fourth quarter worth approximately $5,844,000. 82.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NET shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, January 21st. Mizuho cut their target price on Cloudflare from $280.00 to $255.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 21st. Robert W. Baird set a $260.00 target price on Cloudflare and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Wells Fargo & Company boosted their price target on Cloudflare from $265.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Finally, Jefferies Financial Group increased their price target on Cloudflare from $185.00 to $225.00 and gave the stock a “hold” rating in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $233.38.

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.