Insider Selling: Cloudflare (NYSE:NET) CFO Sells $2,118,100.00 in Stock

Cloudflare, Inc. (NYSE:NET) CFO Thomas Seifert sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $211.81, for a total value of $2,118,100.00. Following the completion of the transaction, the chief financial officer directly owned 189,517 shares in the company, valued at $40,141,595.77. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Cloudflare Price Performance

Shares of NYSE:NET opened at $210.62 on Thursday. The company’s fifty day moving average is $213.33 and its two-hundred day moving average is $180.37. The company has a quick ratio of 5.14, a current ratio of 5.14 and a debt-to-equity ratio of 2.63. Cloudflare, Inc. has a 12-month low of $85.60 and a 12-month high of $230.10. The company has a market cap of $73.40 billion, a P/E ratio of -619.46 and a beta of 1.99.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The company had revenue of $512.32 million for the quarter, compared to the consensus estimate of $501.58 million. During the same period in the previous year, the business earned $0.20 EPS. The company’s revenue was up 27.8% on a year-over-year basis. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. Equities analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Daymark Wealth Partners LLC boosted its position in Cloudflare by 1.1% during the second quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company’s stock valued at $892,000 after purchasing an additional 51 shares during the last quarter. Huntington National Bank increased its stake in shares of Cloudflare by 22.8% during the second quarter. Huntington National Bank now owns 280 shares of the company’s stock worth $55,000 after purchasing an additional 52 shares during the period. ORG Partners LLC increased its stake in shares of Cloudflare by 11.9% during the second quarter. ORG Partners LLC now owns 498 shares of the company’s stock worth $92,000 after purchasing an additional 53 shares during the period. Fiduciary Planning LLC increased its stake in Cloudflare by 3.0% during the 2nd quarter. Fiduciary Planning LLC now owns 1,854 shares of the company’s stock worth $363,000 after acquiring an additional 54 shares during the period. Finally, Ossiam increased its stake in Cloudflare by 2.0% during the 2nd quarter. Ossiam now owns 3,343 shares of the company’s stock worth $655,000 after acquiring an additional 64 shares during the period. 82.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Cloudflare from $225.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Cantor Fitzgerald upped their price target on shares of Cloudflare from $162.00 to $199.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Citigroup upped their price target on shares of Cloudflare from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. JMP Securities upped their price target on shares of Cloudflare from $180.00 to $225.00 and gave the stock a “market outperform” rating in a research note on Monday, July 28th. Finally, Robert W. Baird upped their price target on shares of Cloudflare from $148.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.21.

Cloudflare Company Profile

Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.