Mark Hawkins Sells 1,000 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) Director Mark Hawkins sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $254.15, for a total transaction of $254,150.00. Following the sale, the director directly owned 10,990 shares in the company, valued at $2,793,108.50. This trade represents a 8.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Cloudflare Stock Performance

Cloudflare stock opened at $232.68 on Wednesday. The firm’s 50 day simple moving average is $219.28 and its 200 day simple moving average is $189.80. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $81.09 billion, a PE ratio of -775.61 and a beta of 2.10. Cloudflare, Inc. has a 1-year low of $86.43 and a 1-year high of $260.00.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $430.08 million for the quarter, compared to analyst estimates of $544.87 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The business’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 EPS. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. As a group, analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cloudflare

Several institutional investors and hedge funds have recently made changes to their positions in the business. Mather Group LLC. grew its holdings in Cloudflare by 1,188.2% in the 1st quarter. Mather Group LLC. now owns 219 shares of the company’s stock worth $25,000 after acquiring an additional 202 shares during the last quarter. Physician Wealth Advisors Inc. grew its holdings in Cloudflare by 693.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after acquiring an additional 104 shares during the last quarter. Westside Investment Management Inc. grew its holdings in Cloudflare by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after acquiring an additional 65 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Cloudflare in the 2nd quarter worth $29,000. Finally, ORG Wealth Partners LLC increased its holdings in Cloudflare by 101.4% during the 3rd quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock valued at $30,000 after purchasing an additional 70 shares during the period. Institutional investors own 82.68% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on NET. Scotiabank lifted their price target on Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a research note on Friday. Wells Fargo & Company lifted their price target on Cloudflare from $250.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Cantor Fitzgerald lifted their price target on Cloudflare from $199.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Citigroup lifted their price target on Cloudflare from $255.00 to $318.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Royal Bank Of Canada lifted their price target on Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $231.48.

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.