Why Cloudflare (NET) Stock Is Down Today

Cloudflare (NET) is down 10.7% today. Here is some analysis on what might have caused this price movement.

Analysis: I could not identify a fresh company-specific negative announcement from Cloudflare today. This could be because investors were de-risking ahead of the company’s November 5, 2026 earnings report while a broader technology selloff hit high-multiple software and AI-related stocks. Cloudflare’s valuation has been strong this year, which can make the shares more sensitive when market sentiment turns risk-off.

Details:

Sources:

Cloudflare, SEC, AP

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 470 times in the past 6 months. Of those trades, 0 have been purchases and 470 have been sales.

Here’s a breakdown of recent trading of $NET stock by insiders over the last 6 months:

• MICHELLE ZATLYN (President and Board Co-Chair) has made 0 purchases and 133 sales selling 559,376 shares for an estimated $154,487,800.
• MATTHEW PRINCE (CEO & Board Co-Chair) has made 0 purchases and 195 sales selling 628,641 shares for an estimated $152,237,901.
• THOMAS J SEIFERT (Chief Financial Officer) has made 0 purchases and 54 sales selling 117,500 shares for an estimated $33,758,054.
• CARL LEDBETTER has made 0 purchases and 20 sales selling 60,009 shares for an estimated $15,943,056.
• ALISSA MICHELLE STARZAK (Chief Legal Officer) has made 0 purchases and 13 sales selling 22,114 shares for an estimated $5,317,896.
• JANEL RILEY (Chief Accounting Officer) has made 0 purchases and 14 sales selling 11,962 shares for an estimated $2,909,375.
• JOHN GRAHAM-CUMMING has made 0 purchases and 37 sales selling 10,080 shares for an estimated $2,542,130.
• MARK J HAWKINS has made 0 purchases and 3 sales selling 399 shares for an estimated $97,858.
• 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.

$NET Hedge Fund Activity

We have seen 739 institutional investors add shares of $NET stock to their portfolio, and 510 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• JPMORGAN CHASE & CO added 5,269,562 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,292,518,167
• BAILLIE GIFFORD & CO removed 2,225,353 shares (-13.2%) from their portfolio in Q2 2026, for an estimated $545,834,583
• T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 1,892,593 shares (+inf%) to their portfolio in Q2 2026, for an estimated $464,215,211
• D. E. SHAW & CO., INC. added 1,834,969 shares (+1626.3%) to their portfolio in Q2 2026, for an estimated $450,081,196
• SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,795,993 shares (+inf%) to their portfolio in Q2 2026, for an estimated $440,521,163
• CAPITAL WORLD INVESTORS added 1,590,123 shares (+7.0%) to their portfolio in Q2 2026, for an estimated $390,025,369
• AQR CAPITAL MANAGEMENT LLC added 1,169,447 shares (+128.9%) to their portfolio in Q2 2026, for an estimated $286,841,960

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 $1,312,250 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 GILBERT RAY CISNEROS, JR. sold up to $15,000 on 08/18.

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 1 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

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 12 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.