Cloudflare shares climb 3.5% amid renewed optimism on AI and enterprise security growth

Cloudflare, Inc. (NET) is up 3.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a rebound in risk appetite for high-growth software names, with Cloudflare’s recent commentary and guidance keeping attention on AI-related traffic and enterprise security/SASE momentum. With no single, widely-circulated headline tied specifically to today’s session, part of the gain may simply reflect follow-through buying after recent catalysts.

Details:

Cloudflare’s latest quarterly update included forward guidance for 2026 that implied continued revenue growth and improving profitability, which has remained a key support for the stock after earnings.

At a recent investor conference appearance in early March, Cloudflare’s CFO emphasized growth priorities and the company’s positioning for AI-driven demand, reinforcing the bull case centered on edge compute and security.

Recent commentary in the market has framed a pullback as a potential opportunity for long-term investors, which can contribute to incremental buying on up days.

This could also be influenced by broader strength in the cybersecurity and high-multiple software group, which tends to amplify moves in names like NET.

Sources:

Cloudflare Investor Relations, StockStory, The Motley Fool

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 372 times in the past 6 months. Of those trades, 0 have been purchases and 372 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 137 sales selling 942,912 shares for an estimated $189,316,782.
MICHELLE ZATLYN (President and Board Co-Chair) has made 0 purchases and 100 sales selling 557,358 shares for an estimated $110,512,912.
THOMAS J SEIFERT (Chief Financial Officer) has made 0 purchases and 54 sales selling 123,112 shares for an estimated $23,954,042.
CARL LEDBETTER has made 0 purchases and 20 sales selling 75,000 shares for an estimated $15,807,540.
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 14 sales selling 27,000 shares for an estimated $5,593,849.
JOHN GRAHAM-CUMMING has made 0 purchases and 32 sales selling 10,080 shares for an estimated $2,129,181.
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 2,268 shares for an estimated $517,074.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$NET Hedge Fund Activity

We have seen 557 institutional investors add shares of $NET stock to their portfolio, and 519 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
PITCAIRN CO removed 4,132,606 shares (-99.9%) from their portfolio in Q3 2025, for an estimated $886,815,921
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 1,657,144 shares (+802.6%) to their portfolio in Q4 2025, for an estimated $326,705,939
CORIENT PRIVATE WEALTH LLC added 1,375,602 shares (+5785.7%) to their portfolio in Q4 2025, for an estimated $271,199,934

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$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.

$NET Congressional Stock Trading

Members of Congress have traded $NET stock 5 times in the past 6 months. Of those trades, 4 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 GILBERT RAY CISNEROS, JR. has traded it 5 times. They made 4 purchases worth up to $60,000 on 01/30, 11/18, 10/17, 09/12 and 1 sale worth up to $15,000 on 12/24.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$NET Analyst Ratings

Wall Street analysts have issued reports on $NET in the last several months. We have seen 8 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Needham issued a "Buy" rating on 02/11/2026
BTIG 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
Citigroup issued a "Buy" rating on 11/03/2025
Wells Fargo issued a "Overweight" rating on 10/31/2025
RBC Capital issued a "Outperform" rating on 10/31/2025

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 19 analysts offer price targets for $NET in the last 6 months, with a median target of $250.0.

Here are some recent targets:

Fatima Boolani from Citigroup set a target price of $265.0 on 02/12/2026
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
James Fish from Piper Sandler set a target price of $222.0 on 02/11/2026
John Difucci from Guggenheim set a target price of $140.0 on 02/11/2026
Ryan Macwilliams from Wells Fargo set a target price of $270.0 on 02/11/2026
Patrick Colville from Scotiabank set a target price of $225.0 on 02/11/2026

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.