Insider Selling: Cloudflare (NYSE:NET) Director Sells $3,159,750.00 in Stock

Cloudflare, Inc. (NYSE:NET) Director Carl Ledbetter sold 15,000 shares of Cloudflare stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $210.65, for a total value of $3,159,750.00. Following the sale, the director owned 998,073 shares of the company’s stock, valued at approximately $210,244,077.45. This represents a 1.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Carl Ledbetter also recently made the following trade(s):

• On Monday, September 22nd, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The stock was sold at an average price of $223.91, for a total value of $3,358,650.00.
• On Monday, August 25th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The stock was sold at an average price of $195.73, for a total value of $2,935,950.00.
• On Monday, July 28th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The stock was sold at an average price of $199.85, for a total value of $2,997,750.00.

Cloudflare Trading Down 1.1%

Cloudflare stock opened at $210.62 on Thursday. The stock has a market cap of $73.40 billion, a PE ratio of -619.46 and a beta of 1.99. The stock has a 50-day moving average price of $213.33 and a 200 day moving average price of $180.37. Cloudflare, Inc. has a 52 week low of $85.60 and a 52 week high of $230.10. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 2.63.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The business had revenue of $512.32 million during the quarter, compared to analysts’ expectations of $501.58 million. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s revenue for the quarter 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 research analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on NET. UBS Group boosted their price target on Cloudflare from $215.00 to $240.00 and gave the stock a “neutral” rating in a research report on Tuesday. Robert W. Baird boosted their price target on Cloudflare from $148.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Bank of America boosted their price target on Cloudflare from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. DZ Bank reissued a “sell” rating and set a $170.00 price target on shares of Cloudflare in a research report on Tuesday, July 22nd. Finally, Wells Fargo & Company boosted their price target on Cloudflare from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $198.21.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NET. GAMMA Investing LLC grew its holdings in shares of Cloudflare by 86.8% during the first quarter. GAMMA Investing LLC now owns 1,093 shares of the company’s stock worth $123,000 after buying an additional 508 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Cloudflare by 88.5% during the first quarter. Fifth Third Bancorp now owns 441 shares of the company’s stock worth $50,000 after buying an additional 207 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Cloudflare by 5.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 32,268 shares of the company’s stock worth $3,636,000 after buying an additional 1,616 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Cloudflare during the first quarter worth about $226,000. Finally, Kingswood Wealth Advisors LLC bought a new position in shares of Cloudflare during the first quarter worth about $216,000. 82.68% of the stock is currently owned by institutional investors.

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.