Rep. Gilbert Ray Cisneros, Jr. Buys Cloudflare, Inc. (NYSE:NET) Shares

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Cloudflare, Inc. (NYSE:NET). In a filing disclosed on February 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Cloudflare stock on January 30th. 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):

• Purchased $1,001 – $15,000 in shares of Hermès International Société en commandite par actions (OTCMKTS:HESAF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Tencent (OTC:TCTZF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Banco Santander (NYSE:SAN) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Leonardo (OTCMKTS:FINMF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Transdigm Group (NYSE:TDG) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 1/30/2026.
• Sold $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 1/30/2026.

Cloudflare Stock Down 1.9%

Shares of NET stock traded down $3.68 on Tuesday, hitting $192.17. The stock had a trading volume of 2,435,498 shares, compared to its average volume of 5,226,236. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. The business has a 50 day moving average of $190.07 and a 200 day moving average of $204.75. Cloudflare, Inc. has a 12-month low of $89.42 and a 12-month high of $260.00. The stock has a market cap of $67.31 billion, a price-to-earnings ratio of -661.25 and a beta of 1.97.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $614.51 million during the quarter, compared to analyst estimates of $591.67 million. Cloudflare had a negative net margin of 4.72% and a negative return on equity of 7.40%. The company’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter last year, the business posted $0.19 EPS. As a group, analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Scotiabank lowered their price target on shares of Cloudflare from $255.00 to $225.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 11th. JMP Securities set a $270.00 price objective on Cloudflare in a research report on Friday, October 31st. Zacks Research lowered Cloudflare from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 12th. New Street Research set a $140.00 price objective on shares of Cloudflare in a research note on Wednesday, February 11th. Finally, Barclays upped their target price on shares of Cloudflare from $235.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $232.11.

Institutional Trading of Cloudflare

Large investors have recently added to or reduced their stakes in the company. HM Payson & Co. purchased a new position in shares of Cloudflare in the fourth quarter valued at $25,000. Physician Wealth Advisors Inc. grew its position in Cloudflare by 693.3% in the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after acquiring an additional 104 shares in the last quarter. Wiser Advisor Group LLC purchased a new stake in Cloudflare in the 3rd quarter worth about $26,000. Westside Investment Management Inc. lifted its stake in Cloudflare by 100.0% in the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after purchasing an additional 65 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Cloudflare during the second quarter valued at approximately $29,000. Institutional investors own 82.68% of the company’s stock.

Insider Activity

In other Cloudflare news, Director John Graham-Cumming sold 2,520 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $173.35, for a total value of $436,842.00. Following the completion of the sale, the director directly owned 495,191 shares of the company’s stock, valued at $85,841,359.85. The trade was a 0.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas James Kramer sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $176.19, for a total value of $528,570.00. Following the completion of the sale, the insider owned 101,101 shares in the company, valued at approximately $17,812,985.19. This represents a 2.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 562,475 shares of company stock worth $110,342,859 in the last three months. Corporate insiders own 10.89% of the company’s stock.

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.

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.