Insider Selling: Cloudflare (NYSE:NET) Director Sells $38,640.00 in Stock

Cloudflare, Inc. (NYSE:NET) Director Carl Ledbetter sold 192 shares of the business’s stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $201.25, for a total transaction of $38,640.00. Following the transaction, the director owned 974,207 shares of the company’s stock, valued at $196,059,158.75. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, December 29th, Carl Ledbetter sold 8,674 shares of Cloudflare stock. The stock was sold at an average price of $201.46, for a total value of $1,747,464.04.
• On Monday, November 17th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The stock was sold at an average price of $207.96, for a total value of $3,119,400.00.
• On Monday, October 20th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The stock was sold at an average price of $210.65, for a total value of $3,159,750.00.

Cloudflare Stock Performance

NYSE:NET opened at $197.31 on Friday. The stock has a market cap of $69.11 billion, a P/E ratio of -657.70 and a beta of 1.96. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. The business’s 50-day moving average price is $209.03 and its two-hundred day moving average price is $205.88. Cloudflare, Inc. has a twelve month low of $89.42 and a twelve month high of $260.00.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The company had revenue of $562.03 million for the quarter, compared to analysts’ expectations of $544.65 million. During the same period in the prior year, the business earned $0.20 earnings per share. Cloudflare’s revenue for the quarter was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. As a group, equities analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NET has been the subject of several research analyst reports. Robert W. Baird set a $230.00 price target on Cloudflare in a research note on Wednesday, December 17th. Piper Sandler raised their price objective on Cloudflare from $224.00 to $249.00 and gave the company a “neutral” rating in a report on Friday, October 31st. UBS Group upped their target price on Cloudflare from $240.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Cantor Fitzgerald increased their price target on shares of Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Citizens Jmp boosted their price objective on shares of Cloudflare from $250.00 to $270.00 and gave the stock a “market outperform” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Cloudflare has an average rating of “Moderate Buy” and an average target price of $234.78.

Institutional Trading of Cloudflare

Institutional investors have recently made changes to their positions in the stock. Physician Wealth Advisors Inc. raised its holdings in Cloudflare by 693.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after buying an additional 104 shares during the last quarter. Wiser Advisor Group LLC bought a new stake in Cloudflare in the 3rd quarter worth $26,000. Westside Investment Management Inc. increased its position in shares of Cloudflare by 100.0% in the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after acquiring an additional 65 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of Cloudflare during the second quarter valued at about $29,000. Finally, ORG Wealth Partners LLC boosted its holdings in shares of Cloudflare by 101.4% during the third quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock worth $30,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Company Profile

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.