Cloudflare (NYSE:NET) Director Sells $1,216,126.84 in Stock

Cloudflare, Inc. (NYSE:NET) Director Carl Ledbetter sold 6,134 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $198.26, for a total value of $1,216,126.84. Following the sale, the director owned 968,073 shares of the company’s stock, valued at approximately $191,930,152.98. The trade was a 0.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Carl Ledbetter also recently made the following trade(s):

• On Tuesday, December 30th, Carl Ledbetter sold 192 shares of Cloudflare stock. The stock was sold at an average price of $201.25, for a total value of $38,640.00.
• On Monday, December 29th, Carl Ledbetter sold 8,674 shares of Cloudflare stock. The shares were sold at an average price of $201.46, for a total value of $1,747,464.04.
• On Monday, November 17th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The stock was sold at an average price of $207.96, for a total transaction of $3,119,400.00.
• On Monday, October 20th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The stock was sold at an average price of $210.65, for a total transaction of $3,159,750.00.

Cloudflare Stock Performance

NYSE:NET traded up $0.35 during trading hours on Tuesday, hitting $198.01. 2,484,440 shares of the company traded hands, compared to its average volume of 2,124,909. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. Cloudflare, Inc. has a twelve month low of $89.42 and a twelve month high of $260.00. The firm has a 50-day moving average of $208.04 and a 200 day moving average of $206.46. The stock has a market capitalization of $69.36 billion, a price-to-earnings ratio of -660.03, a P/E/G ratio of 128.93 and a beta of 1.96.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The company had revenue of $562.03 million for the quarter, compared to the consensus estimate of $544.65 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The business’s revenue was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. On average, analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Cloudflare

A number of hedge funds have recently made changes to their positions in the company. Physician Wealth Advisors Inc. boosted its position in Cloudflare by 693.3% in the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after buying an additional 104 shares in the last quarter. Wiser Advisor Group LLC acquired a new position in shares of Cloudflare in the 3rd quarter worth approximately $26,000. Westside Investment Management Inc. grew its position in Cloudflare by 100.0% during 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 during the 2nd quarter worth approximately $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 in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. UBS Group lifted their price objective on Cloudflare from $240.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research note on Wednesday, October 8th. Needham & Company LLC increased their price objective on shares of Cloudflare from $240.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Citizens Jmp raised their price objective on shares of Cloudflare from $250.00 to $270.00 and gave the stock a “market outperform” rating in a report on Friday, October 31st. Finally, Wells Fargo & Company upped their target price on shares of Cloudflare from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $233.70.

About Cloudflare

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.