Cloudflare gains as investors position for earnings and AI-driven growth

Cloudflare (NET) is up 5.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a mix of optimism ahead of Cloudflare’s scheduled August 6, 2026 earnings report and continued enthusiasm around its AI-related product strategy. A recent analyst upgrade and management’s earlier comments about demand tied to AI and developer workloads likely added momentum.

Details:

Cloudflare’s next quarterly report is scheduled for August 6, 2026, which can draw buying interest when investors expect another beat or stronger guidance.

In first-quarter 2026 results, Cloudflare topped consensus expectations on both earnings and revenue, giving the market a recent example of better-than-expected execution.

A July analyst upgrade highlighted improving traffic trends, stronger adoption of Workers for AI-native and rapidly built applications, and the potential for upside in the second half of 2026.

Cloudflare has also kept a steady stream of AI and security announcements in recent weeks, including an OpenAI research pilot, new bot-defense tooling, and earlier moves to expand its developer ecosystem through the VoidZero acquisition.

Sources:

Cloudflare, SEC, Investing.com, Benzinga

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$NET Insider Trading Activity

$NET insiders have traded $NET stock on the open market 411 times in the past 6 months. Of those trades, 0 have been purchases and 411 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 191 sales selling 942,948 shares for an estimated $199,811,540.
MICHELLE ZATLYN (President and Board Co-Chair) has made 0 purchases and 111 sales selling 502,557 shares for an estimated $108,952,130.
THOMAS J SEIFERT (Chief Financial Officer) has made 0 purchases and 55 sales selling 91,898 shares for an estimated $18,964,019.
CARL LEDBETTER has made 0 purchases and 10 sales selling 65,000 shares for an estimated $15,246,646.
JANEL RILEY (Chief Accounting Officer) has made 0 purchases and 4 sales selling 34,306 shares for an estimated $6,511,261.
ALISSA MICHELLE STARZAK (Chief Legal Officer) has made 0 purchases and 5 sales selling 16,243 shares for an estimated $3,510,882.
JOHN GRAHAM-CUMMING has made 0 purchases and 31 sales selling 13,724 shares for an estimated $2,950,167.
MARK J HAWKINS has made 0 purchases and 3 sales selling 399 shares for an estimated $88,796.
KATRIN SUDER sold 293 shares for an estimated $74,105

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 insider transaction endpoint.

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$NET Hedge Fund Activity

We have seen 613 institutional investors add shares of $NET stock to their portfolio, and 462 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS removed 13,089,948 shares (-36.5%) from their portfolio in Q1 2026, for an estimated $2,700,979,870
CAPITAL INTERNATIONAL INVESTORS added 10,893,165 shares (+inf%) to their portfolio in Q1 2026, for an estimated $2,247,695,666
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN added 3,791,521 shares (+533.1%) to their portfolio in Q1 2026, for an estimated $782,342,443
WELLINGTON MANAGEMENT GROUP LLP added 2,303,816 shares (+135.0%) to their portfolio in Q1 2026, for an estimated $475,369,393
MORGAN STANLEY removed 2,125,924 shares (-11.8%) from their portfolio in Q1 2026, for an estimated $438,663,158
CITADEL ADVISORS LLC added 1,584,523 shares (+444.3%) to their portfolio in Q1 2026, for an estimated $326,950,475
TWO SIGMA INVESTMENTS, LP added 1,562,239 shares (+124.2%) to their portfolio in Q1 2026, for an estimated $322,352,395

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 13F endpoint.

$NET 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. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$NET Congressional Stock Trading

Members of Congress have traded $NET stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 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.

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 Congress trades endpoint.

$NET Analyst Ratings

Wall Street analysts have issued reports on $NET in the last several months. We have seen 2 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 06/10/2026
Needham issued a "Buy" rating on 02/11/2026

To track analyst ratings and price targets for $NET, check out Quiver Quantitative's $NET forecast page.

$NET Price Targets

Multiple analysts have issued price targets for $NET recently. We have seen 16 analysts offer price targets for $NET in the last 6 months, with a median target of $255.0.

Here are some recent targets:

Patrick Colville from Scotiabank set a target price of $300.0 on 07/07/2026
Patrick Walravens from Citizens set a target price of $270.0 on 06/15/2026
Joel Fishbein from Truist Securities set a target price of $250.0 on 06/11/2026
Gray Powell from BTIG set a target price of $269.0 on 06/10/2026
Mike Cikos from Needham set a target price of $280.0 on 06/10/2026
John Difucci from Guggenheim set a target price of $140.0 on 06/10/2026
Thomas Blakey from Cantor Fitzgerald set a target price of $230.0 on 06/10/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.