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

Cloudflare, Inc. (NYSE:NET) CFO Thomas Seifert sold 10,000 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $227.64, for a total value of $2,276,400.00. Following the transaction, the chief financial officer directly owned 189,517 shares of the company’s stock, valued at approximately $43,141,649.88. This trade represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Cloudflare Price Performance

Shares of NYSE NET opened at $228.21 on Tuesday. The stock has a fifty day simple moving average of $205.56 and a two-hundred day simple moving average of $165.78. Cloudflare, Inc. has a 1-year low of $77.80 and a 1-year high of $230.10. The firm has a market cap of $79.52 billion, a price-to-earnings ratio of -671.19 and a beta of 1.95. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 2.63.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, topping 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 firm had revenue of $512.32 million during the quarter, compared to analyst estimates of $501.58 million. During the same period last year, the company earned $0.20 earnings per share. The business’s revenue for the quarter 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. Analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Cloudflare by 2.1% in the second quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock worth $6,167,776,000 after buying an additional 658,656 shares during the period. Geode Capital Management LLC increased its holdings in shares of Cloudflare by 5.1% in the second quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company’s stock worth $1,081,533,000 after buying an additional 270,227 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Cloudflare by 33.5% in the first 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 buying an additional 786,063 shares during the period. American Century Companies Inc. increased its holdings in shares of Cloudflare by 34.5% in the first quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after buying an additional 779,819 shares during the period. Finally, Norges Bank purchased a new position in shares of Cloudflare in the second quarter worth about $541,462,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analyst Upgrades and Downgrades

NET has been the subject of a number of analyst reports. Needham & Company LLC raised their price target on Cloudflare from $200.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Piper Sandler raised their price target on Cloudflare from $151.00 to $224.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Wells Fargo & Company raised their price target on Cloudflare from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Bank of America raised their price target on Cloudflare from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada lifted their price objective on Cloudflare from $210.00 to $228.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and an average price target of $191.28.

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.