Insider Selling: Cloudflare (NYSE:NET) CFO Sells $1,783,700.00 in Stock

Cloudflare, Inc. (NYSE:NET) CFO Thomas Seifert sold 10,000 shares of Cloudflare stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $178.37, for a total value of $1,783,700.00. Following the sale, the chief financial officer owned 137,486 shares in the company, valued at $24,523,377.82. This represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Cloudflare Stock Performance

Shares of NET stock opened at $173.45 on Friday. The company’s fifty day moving average price is $195.24 and its 200-day moving average price is $205.77. The stock has a market cap of $60.76 billion, a PE ratio of -578.17, a price-to-earnings-growth ratio of 113.99 and a beta of 1.96. 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 12 month low of $89.42 and a 12 month high of $260.00.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $544.65 million. During the same period last year, the company posted $0.20 EPS. Cloudflare’s revenue was up 30.7% on a year-over-year basis. 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, equities analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NET has been the subject of a number of recent research reports. Wall Street Zen upgraded Cloudflare from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. KeyCorp raised their price target on Cloudflare from $235.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Citizens Jmp upped their price target on shares of Cloudflare from $250.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Friday, October 31st. Scotiabank increased their price objective on shares of Cloudflare from $200.00 to $225.00 and gave the company a “sector perform” rating in a research report on Friday, October 31st. Finally, Truist Financial set a $225.00 target price on shares of Cloudflare in a report on Tuesday. One investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $232.48.

Institutional Trading of Cloudflare

A number of large investors have recently made changes to their positions in NET. Empowered Funds LLC boosted its holdings in Cloudflare by 34.2% in the first quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock worth $750,000 after purchasing an additional 1,696 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Cloudflare during the 2nd quarter valued at $424,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Cloudflare by 11.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 36,045 shares of the company’s stock worth $6,894,000 after buying an additional 3,777 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Cloudflare by 8.3% in the second quarter. Assenagon Asset Management S.A. now owns 6,991 shares of the company’s stock worth $1,369,000 after acquiring an additional 533 shares during the period. Finally, Sowell Financial Services LLC increased its position in Cloudflare by 78.9% during the second quarter. Sowell Financial Services LLC now owns 3,595 shares of the company’s stock valued at $704,000 after acquiring an additional 1,585 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors.

Cloudflare Company Profile

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.