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

Cloudflare, Inc. (NYSE:NET) CFO Thomas Seifert sold 10,000 shares of the company’s stock in a transaction dated Monday, October 20th. The stock was 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 of the company’s stock, valued at approximately $40,141,595.77. This trade represents a 5.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Cloudflare Stock Performance

NYSE NET opened at $212.80 on Tuesday. The business has a 50-day moving average price of $212.89 and a 200-day moving average price of $179.93. Cloudflare, Inc. has a twelve month low of $85.60 and a twelve month high of $230.10. The firm has a market cap of $74.16 billion, a price-to-earnings ratio of -625.87 and a beta of 1.99. 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 (NYSE:NET) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, beating 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 company had revenue of $512.32 million during the quarter, compared to analyst estimates of $501.58 million. During the same period in the prior year, the company earned $0.20 earnings per share. The firm’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. As a group, equities research analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Cloudflare

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Twin Peaks Wealth Advisors LLC purchased a new stake in Cloudflare during the second quarter valued at approximately $29,000. Quaker Wealth Management LLC raised its holdings in shares of Cloudflare by 218.6% in the second quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock worth $33,000 after buying an additional 306 shares during the period. Hilltop National Bank purchased a new stake in shares of Cloudflare in the second quarter worth approximately $36,000. Ameritas Advisory Services LLC purchased a new stake in shares of Cloudflare in the second quarter worth approximately $39,000. Finally, Mather Group LLC. raised its holdings in shares of Cloudflare by 1,188.2% in the first quarter. Mather Group LLC. now owns 219 shares of the company’s stock worth $25,000 after buying an additional 202 shares during the period. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NET has been the subject of a number of research reports. Robert W. Baird increased their price target on Cloudflare from $148.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. DZ Bank reissued a “sell” rating and set a $170.00 price target on shares of Cloudflare in a research note on Tuesday, July 22nd. Bank of America increased their price target on Cloudflare from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, August 1st. UBS Group increased their price target on Cloudflare from $145.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research note on Wednesday, October 8th. One investment 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 issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $196.54.

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.