Cloudflare (NYSE:NET) Stock Moved Up to Overweight by JPMorgan Chase & Co.

Cloudflare (NYSE:NET) was upgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday, Briefing.com reports. The firm currently has a $350.00 price objective on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 32.14% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. DZ Bank cut Cloudflare from a “strong-buy” rating to a “strong sell” rating in a report on Friday, August 7th. BTIG Research upped their price target on Cloudflare from $382.00 to $413.00 and gave the stock a “buy” rating in a research note on Tuesday, October 6th. KeyCorp raised their price objective on Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Raymond James Financial started coverage on Cloudflare in a research note on Tuesday, July 7th. They issued a “strong-buy” rating on the stock. Finally, UBS Group lifted their price objective on Cloudflare from $250.00 to $350.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $333.21.

Cloudflare Stock Down 5.6%

Shares of NET opened at $264.86 on Tuesday. The firm has a market cap of $93.62 billion, a PE ratio of -456.66, a price-to-earnings-growth ratio of 253.49 and a beta of 1.65. The company’s fifty day moving average is $320.21 and its two-hundred day moving average is $248.17. Cloudflare has a fifty-two week low of $158.83 and a fifty-two week high of $370.35. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 EPS. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Analysts forecast that Cloudflare will post 0.03 earnings per share for the current year.

Insider Activity at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 12,500 shares of the firm’s stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $299.59, for a total value of $3,744,875.00. Following the transaction, the chief financial officer directly owned 104,958 shares of the company’s stock, valued at $31,444,367.22. This trade represents a 10.64% 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. Also, insider Michelle Zatlyn sold 33,003 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $277.43, for a total value of $9,156,022.29. Following the completion of the transaction, the insider directly owned 69,775 shares in the company, valued at $19,357,678.25. This trade represents a 32.11% 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 90 days, insiders have sold 316,440 shares of company stock worth $96,437,412. 10.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cloudflare

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jennison Associates LLC lifted its position in Cloudflare by 135.8% during the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after acquiring an additional 2,530,872 shares in the last quarter. Swedbank AB boosted its holdings in Cloudflare by 697.5% in the 1st quarter. Swedbank AB now owns 927,606 shares of the company’s stock worth $191,402,000 after acquiring an additional 811,297 shares during the period. Alyeska Investment Group L.P. acquired a new stake in Cloudflare in the second quarter valued at approximately $75,595,000. Janus Henderson Group PLC grew its position in Cloudflare by 583.1% in the first quarter. Janus Henderson Group PLC now owns 241,367 shares of the company’s stock valued at $49,805,000 after acquiring an additional 206,032 shares in the last quarter. Finally, Styrax Capital LP purchased a new stake in shares of Cloudflare during the first quarter valued at approximately $41,268,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

About Cloudflare

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

The company’s offerings include content delivery and authoritative domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.