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

Cloudflare, Inc. (NYSE:NET) CFO Thomas Seifert sold 10,000 shares of the company’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $178.37, for a total value of $1,783,700.00. Following the completion of the sale, the chief financial officer owned 137,486 shares of the company’s stock, valued at approximately $24,523,377.82. The trade was a 6.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Cloudflare Stock Performance

Shares of NYSE NET traded down $7.49 during trading on Wednesday, hitting $169.93. The company had a trading volume of 5,061,288 shares, compared to its average volume of 2,797,907. Cloudflare, Inc. has a 12 month low of $89.42 and a 12 month high of $260.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a market capitalization of $59.52 billion, a P/E ratio of -566.43, a price-to-earnings-growth ratio of 121.14 and a beta of 1.96. The stock has a 50 day simple moving average of $197.91 and a 200 day simple moving average of $206.40.

Cloudflare (NYSE:NET) last released its earnings results 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 during the quarter, compared to analyst estimates of $544.65 million. During the same period in the prior year, the firm posted $0.20 EPS. The firm’s quarterly 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. As a group, analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Cloudflare

Several large investors have recently added to or reduced their stakes in NET. Reliant Investment Partners LLC boosted its holdings in shares of Cloudflare by 1.5% in the 3rd quarter. Reliant Investment Partners LLC now owns 3,316 shares of the company’s stock worth $718,000 after purchasing an additional 50 shares during the period. Daymark Wealth Partners LLC boosted its stake in Cloudflare by 1.1% during the second quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company’s stock worth $892,000 after buying an additional 51 shares during the period. Frank Rimerman Advisors LLC boosted its stake in Cloudflare by 1.8% during the third quarter. Frank Rimerman Advisors LLC now owns 2,821 shares of the company’s stock worth $605,000 after buying an additional 51 shares during the period. Huntington National Bank increased its position in Cloudflare by 22.8% during the second quarter. Huntington National Bank now owns 280 shares of the company’s stock valued at $55,000 after acquiring an additional 52 shares during the last quarter. Finally, ORG Partners LLC raised its stake in shares of Cloudflare by 11.9% in the second quarter. ORG Partners LLC now owns 498 shares of the company’s stock valued at $92,000 after acquiring an additional 53 shares during the period. 82.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Mizuho dropped their target price on shares of Cloudflare from $280.00 to $255.00 and set an “outperform” rating for the company in a report on Wednesday. Stifel Nicolaus upped their price objective on Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Royal Bank Of Canada increased their target price on Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Guggenheim reissued a “sell” rating on shares of Cloudflare in a research note on Tuesday, October 21st. Finally, Scotiabank upped 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, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.48.

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.