Thomas Seifert Sells 10,000 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) CFO Thomas Seifert sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $178.37, for a total value of $1,783,700.00. Following the completion of the transaction, the chief financial officer directly owned 137,486 shares of the company’s stock, valued at approximately $24,523,377.82. This trade represents a 6.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Cloudflare Price Performance

Shares of NET stock opened at $172.87 on Friday. Cloudflare, Inc. has a 12 month low of $89.42 and a 12 month high of $260.00. The company has a market capitalization of $60.55 billion, a P/E ratio of -576.23, a P/E/G ratio of 111.80 and a beta of 1.96. The stock has a 50 day moving average of $195.98 and a two-hundred day moving average of $205.91. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $562.03 million during the quarter, compared to analyst estimates of $544.65 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.Cloudflare’s revenue was up 30.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. 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 expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Citizens Jmp increased their target price on Cloudflare from $250.00 to $270.00 and gave the stock a “market outperform” rating in a report on Friday, October 31st. DZ Bank raised Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price target on the stock in a research note on Wednesday, November 5th. Susquehanna upped their price target on Cloudflare from $205.00 to $260.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Finally, Cantor Fitzgerald lifted their price objective on Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Cloudflare has a consensus rating of “Moderate Buy” and a consensus target price of $232.48.

Institutional Investors Weigh In On Cloudflare

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rakuten Investment Management Inc. acquired a new stake in shares of Cloudflare during the 3rd quarter worth $138,660,000. Westfield Capital Management Co. LP bought a new stake in Cloudflare during the second quarter worth about $87,868,000. Swedbank AB grew its stake in Cloudflare by 27.7% during the third quarter. Swedbank AB now owns 43,878 shares of the company’s stock worth $9,416,000 after buying an additional 9,527 shares in the last quarter. Strategy Capital LLC grew its stake in Cloudflare by 4.5% during the second quarter. Strategy Capital LLC now owns 1,165,942 shares of the company’s stock worth $228,326,000 after buying an additional 50,374 shares in the last quarter. Finally, Motley Fool Asset Management LLC increased its holdings in Cloudflare by 10.5% in the 2nd quarter. Motley Fool Asset Management LLC now owns 17,752 shares of the company’s stock valued at $3,476,000 after buying an additional 1,691 shares during the period. 82.68% of the stock is owned by institutional investors and hedge funds.

About Cloudflare

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.