Cloudflare (NYSE:NET) Insider Douglas James Kramer Sells 3,000 Shares of Stock

Cloudflare, Inc. (NYSE:NET) insider Douglas James Kramer sold 3,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $255.53, for a total value of $766,590.00. Following the sale, the insider directly owned 129,185 shares in the company, valued at $33,010,643.05. This trade represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Douglas James Kramer also recently made the following trade(s):

• On Wednesday, October 1st, Douglas James Kramer sold 9,000 shares of Cloudflare stock. The stock was sold at an average price of $213.48, for a total value of $1,921,320.00.

Cloudflare Stock Performance

Shares of NET stock opened at $228.65 on Thursday. Cloudflare, Inc. has a 1-year low of $87.24 and a 1-year high of $260.00. 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 company has a market capitalization of $79.68 billion, a price-to-earnings ratio of -762.17 and a beta of 2.10. The stock’s fifty day simple moving average is $219.75 and its 200-day simple moving average is $190.07.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The business had revenue of $430.08 million for the quarter, compared to the consensus estimate of $544.87 million. During the same quarter in the previous year, the company posted $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. FY 2025 guidance at 0.910-0.910 EPS. On average, sell-side analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cloudflare

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Cloudflare by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock worth $6,167,776,000 after purchasing an additional 658,656 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Cloudflare by 5.1% during the 2nd quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company’s stock worth $1,081,533,000 after purchasing an additional 270,227 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Cloudflare by 33.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock worth $352,610,000 after purchasing an additional 786,063 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Cloudflare by 34.5% during the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after purchasing an additional 779,819 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Cloudflare during the 2nd quarter worth about $541,462,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a report on Wednesday, October 8th. Citigroup boosted their target price on Cloudflare from $255.00 to $318.00 and gave the company a “buy” rating in a research note on Monday. Jefferies Financial Group assumed coverage on Cloudflare in a research note on Friday, October 31st. They issued a “hold” rating and a $250.00 target price on the stock. Scotiabank boosted their target price on Cloudflare from $200.00 to $225.00 and gave the company a “sector perform” rating in a research note on Friday, October 31st. Finally, Piper Sandler boosted their target price on Cloudflare from $224.00 to $249.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Cloudflare currently has an average rating of “Moderate Buy” and an average price target of $234.16.

About Cloudflare

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.