Why Cloudflare (NET) Stock Is Up Today

Cloudflare (NET) is up 4.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The rally appears tied to fresh enthusiasm around Cloudflare’s AI positioning, supported by a new OpenAI research pilot and recent bullish analyst target increases. Investors also seem to be responding to the view that Cloudflare’s network and developer platform could benefit as AI-driven web traffic and application demand expand.

Details:

Cloudflare said on July 8 that it launched a research pilot with OpenAI to study how network-level signals can help AI search systems discover and index web content more effectively.

The company said the pilot is focused on improving answer freshness and accuracy, which reinforces the market’s view that Cloudflare is becoming more deeply tied to AI infrastructure.

Recent analyst actions have also been supportive, including a higher price target from BTIG on July 10 and an upgrade from Scotiabank on July 7.

Scotiabank’s upgrade highlighted Cloudflare’s developer and AI-related opportunities, which likely helped keep momentum in the shares even after the initial note was published.

Sources:

Cloudflare, Benzinga, StreetInsider, MarketBeat

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 396 times in the past 6 months. Of those trades, 0 have been purchases and 396 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 94 sales selling 480,416 shares for an estimated $96,037,476.
CARL LEDBETTER has made 0 purchases and 13 sales selling 80,000 shares for an estimated $18,414,060.
THOMAS J SEIFERT (Chief Financial Officer) has made 0 purchases and 52 sales selling 91,898 shares for an estimated $17,978,506.
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.
DOUGLAS JAMES KRAMER (CHIEF LEGAL OFFICER) sold 3,000 shares for an estimated $528,570
MARK J HAWKINS has made 0 purchases and 4 sales selling 533 shares for an estimated $112,405.
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 580 institutional investors add shares of $NET stock to their portfolio, and 418 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
JENNISON ASSOCIATES LLC added 2,530,872 shares (+135.8%) to their portfolio in Q1 2026, for an estimated $522,220,128
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

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 2 times in the past 6 months. Of those trades, 1 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.
REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 01/30.

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 3 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
Mizuho issued a "Outperform" rating on 01/21/2026

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.