Cloudflare (NYSE:NET) Insider Douglas James Kramer Sells 9,000 Shares of Stock

Cloudflare, Inc. (NYSE:NET) insider Douglas James Kramer sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $213.48, for a total value of $1,921,320.00. Following the completion of the transaction, the insider directly owned 132,185 shares of the company’s stock, valued at $28,218,853.80. This trade represents a 6.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, August 1st, Douglas James Kramer sold 3,000 shares of Cloudflare stock. The shares were sold at an average price of $198.22, for a total transaction of $594,660.00.

Cloudflare Trading Up 1.3%

Shares of Cloudflare stock opened at $217.44 on Thursday. The company has a fifty day simple moving average of $209.24 and a 200-day simple moving average of $169.98. Cloudflare, Inc. has a 12-month low of $77.80 and a 12-month high of $230.10. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 2.63. The stock has a market cap of $75.77 billion, a price-to-earnings ratio of -639.54 and a beta of 1.99.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The company had revenue of $512.32 million during the quarter, compared to the consensus estimate of $501.58 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. Cloudflare’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. On average, equities analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NET has been the subject of a number of research analyst reports. Citigroup upped their target price on Cloudflare from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Needham & Company LLC increased their price objective on Cloudflare from $200.00 to $240.00 and gave the company a “buy” rating in a report on Friday, August 1st. Robert W. Baird increased their price target on shares of Cloudflare from $148.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. JMP Securities increased their price target on shares of Cloudflare from $180.00 to $225.00 and gave the stock a “market outperform” rating in a research note on Monday, July 28th. Finally, Cantor Fitzgerald increased their target price on shares of Cloudflare from $162.00 to $199.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Cloudflare has a consensus rating of “Moderate Buy” and a consensus target price of $191.28.

Institutional Trading of Cloudflare

Several hedge funds have recently made changes to their positions in NET. Mather Group LLC. lifted its stake in shares of 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 period. NBC Securities Inc. acquired a new stake in Cloudflare in the first quarter valued at about $27,000. GPS Wealth Strategies Group LLC lifted its position in Cloudflare by 213.4% in the first quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company’s stock valued at $29,000 after purchasing an additional 175 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in Cloudflare in the second quarter valued at about $29,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Cloudflare by 115.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the company’s stock valued at $30,000 after buying an additional 142 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

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.