Cloudflare Inc. (NET) reported Q1 2026 results with revenue of $639.8 million, up 33.5% year-over-year and above the consensus estimate of $628.1 million. Diluted loss per share was -$0.07 versus an expected $0.24.
Balance sheet and cash-flow highlights:
Market reaction: shares were down 12.64% since market close following the release, as revenue beat expectations while earnings per share missed consensus.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Cloudflare Inc. Insider Trading Activity
Cloudflare Inc. insiders have traded $NET stock on the open market 352 times in the past 6 months. Of those trades, 0 have been purchases and 352 have been sales.
Here’s a breakdown of recent trading of $NET stock by insiders over the last 6 months:
- MATTHEW PRINCE (CEO & Board Co-Chair) has made 0 purchases and 150 sales selling 942,912 shares for an estimated $187,342,245.
- MICHELLE ZATLYN (President and Board Co-Chair) has made 0 purchases and 82 sales selling 480,435 shares for an estimated $92,703,888.
- THOMAS J SEIFERT (Chief Financial Officer) has made 0 purchases and 54 sales selling 123,453 shares for an estimated $23,734,661.
- CARL LEDBETTER has made 0 purchases and 18 sales selling 90,000 shares for an estimated $19,504,262.
- JANEL RILEY (Chief Accounting Officer) has made 0 purchases and 9 sales selling 30,980 shares for an estimated $5,867,297.
- DOUGLAS JAMES KRAMER (CHIEF LEGAL OFFICER) has made 0 purchases and 8 sales selling 15,000 shares for an estimated $2,905,939.
- JOHN GRAHAM-CUMMING has made 0 purchases and 25 sales selling 11,204 shares for an estimated $2,234,841.
- KATRIN SUDER has made 0 purchases and 2 sales selling 4,062 shares for an estimated $805,047.
- MARK J HAWKINS has made 0 purchases and 4 sales selling 534 shares for an estimated $106,116.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.
Cloudflare Inc. Hedge Fund Activity
We have seen 583 institutional investors add shares of Cloudflare Inc. stock to their portfolio, and 482 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 7,471,762 shares (-75.2%) from their portfolio in Q4 2025, for an estimated $1,473,057,878
- BAILLIE GIFFORD & CO removed 5,024,793 shares (-23.0%) from their portfolio in Q4 2025, for an estimated $990,637,939
- CAPITAL WORLD INVESTORS removed 4,689,869 shares (-11.6%) from their portfolio in Q4 2025, for an estimated $924,607,673
- JPMORGAN CHASE & CO added 3,045,901 shares (+28.8%) to their portfolio in Q4 2025, for an estimated $600,499,382
- JENNISON ASSOCIATES LLC added 2,530,872 shares (+135.8%) to their portfolio in Q1 2026, for an estimated $522,220,128
- CORIENT PRIVATE WEALTH LLC added 1,375,602 shares (+5785.7%) to their portfolio in Q4 2025, for an estimated $271,199,934
- MORGAN STANLEY removed 1,001,947 shares (-5.3%) from their portfolio in Q4 2025, for an estimated $197,533,851
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.
Cloudflare Inc. Government Contracts
We have seen $1,030,426 of award payments to $NET over the last year.
Here are some of the awards which we have have seen pay out the most over the last year:
- GOV TOP LEVEL DOMAIN REGISTRY AND DNS SERVICE: $1,030,426
To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.
Cloudflare Inc. Congressional Stock Trading
Members of Congress have traded $NET stock 4 times in the past 6 months. Of those trades, 2 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $NET stock by members of Congress over the last 6 months:
- REPRESENTATIVE JOSH GOTTHEIMER sold up to $15,000 on 02/04.
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 3 times. They made 2 purchases worth up to $30,000 on 01/30, 11/18 and 1 sale worth up to $15,000 on 12/24.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.
Cloudflare Inc. Analyst Ratings
Wall Street analysts have issued reports on $NET in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- BTIG issued a "Buy" rating on 02/11/2026
- Needham issued a "Buy" rating on 02/11/2026
- Mizuho issued a "Outperform" rating on 01/21/2026
- Argus Research issued a "Buy" rating on 11/10/2025
To track analyst ratings and price targets for Cloudflare Inc., check out Quiver Quantitative's $NET forecast page.
Cloudflare Inc. Price Targets
Multiple analysts have issued price targets for $NET recently. We have seen 14 analysts offer price targets for $NET in the last 6 months, with a median target of $237.5.
Here are some recent targets:
- James Fish from Piper Sandler set a target price of $222.0 on 04/15/2026
- Gregg Moskowitz from Mizuho set a target price of $235.0 on 04/14/2026
- Fatima Boolani from Citigroup set a target price of $265.0 on 02/12/2026
- Ryan Macwilliams from Wells Fargo set a target price of $270.0 on 02/11/2026
- Joseph Gallo from Jefferies set a target price of $225.0 on 02/11/2026
- Matthew Hedberg from RBC Capital set a target price of $240.0 on 02/11/2026
- John Difucci from Guggenheim set a target price of $140.0 on 02/11/2026
