BTIG maintained its Buy rating on Cloudflare. The firm raised its price target to $413 from $382. This represents an increase of over 8%. Analysts expressed confidence in Cloudflare's growth prospects within the cloud services and software sector.
A Form 144 filing on October 5, 2026, indicated a proposed share sale. Cloudflare officer Michelle Zatlyn proposed selling 297,027 shares of Class A Common stock. These shares are valued at approximately $106.8 million. The transaction is part of a pre-arranged Rule 10b5-1 selling plan. This plan was established in February 2026. Such plans allow insiders to sell shares at predetermined times, avoiding accusations of trading on nonpublic information.
Cloudflare also recently introduced a new command-line interface (CLI) for AI agents.