Cloudflare (NYSE:NET) Insider Sells $1,921,320.00 in Stock

Cloudflare, Inc. (NYSE:NET) insider Douglas James Kramer sold 9,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was 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 owned 132,185 shares in the company, valued at $28,218,853.80. This represents a 6.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value of $594,660.00.

Cloudflare Stock Down 3.4%

NET stock opened at $216.95 on Friday. The company’s 50 day moving average is $210.27 and its 200 day moving average is $171.44. The stock has a market cap of $75.60 billion, a price-to-earnings ratio of -638.08 and a beta of 1.99. 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, Inc. has a 1-year low of $79.16 and a 1-year high of $230.10.

Cloudflare (NYSE:NET) last announced its earnings results 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 business had revenue of $512.32 million during the quarter, compared to analyst estimates of $501.58 million. During the same period in the previous year, the business 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. Sell-side analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on NET shares. Cantor Fitzgerald increased their target price on Cloudflare from $162.00 to $199.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Royal Bank Of Canada raised their price objective on Cloudflare from $210.00 to $228.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Stifel Nicolaus upped their target price on Cloudflare from $175.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Morgan Stanley increased their price target on shares of Cloudflare from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, JMP Securities lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $191.28.

Institutional Investors Weigh In On Cloudflare

A number of large investors have recently added to or reduced their stakes in NET. GAMMA Investing LLC raised its stake in shares of Cloudflare by 10.6% during the third quarter. GAMMA Investing LLC now owns 1,329 shares of the company’s stock valued at $285,000 after acquiring an additional 127 shares during the last quarter. Corient Private Wealth LLC increased its holdings in Cloudflare by 37.7% during the 2nd quarter. Corient Private Wealth LLC now owns 24,700 shares of the company’s stock valued at $4,837,000 after purchasing an additional 6,757 shares during the period. CacheTech Inc. bought a new position in Cloudflare during the 2nd quarter valued at approximately $204,000. Adams Wealth Management purchased a new stake in Cloudflare in the 2nd quarter worth approximately $204,000. Finally, Orion Porfolio Solutions LLC grew its position in shares of Cloudflare by 119.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 13,957 shares of the company’s stock worth $2,733,000 after buying an additional 7,585 shares during the last quarter. Institutional investors 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.