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

Cloudflare, Inc. (NYSE:NET) CFO Thomas Seifert sold 10,000 shares of the stock in a transaction on Monday, October 20th. The shares were sold at an average price of $211.81, for a total value of $2,118,100.00. Following the transaction, the chief financial officer directly owned 189,517 shares in the company, valued at $40,141,595.77. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Cloudflare Price Performance

NYSE NET opened at $212.77 on Wednesday. The business’s fifty day moving average price is $213.10 and its 200-day moving average price is $180.16. The stock has a market capitalization of $74.14 billion, a price-to-earnings ratio of -625.78 and a beta of 1.99. The company has a debt-to-equity ratio of 2.63, a current ratio of 5.14 and a quick ratio of 5.14. Cloudflare, Inc. has a 1-year low of $85.60 and a 1-year high of $230.10.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. The firm had revenue of $512.32 million for the quarter, compared to analysts’ expectations of $501.58 million. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The company’s revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 EPS. 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 predict that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Cloudflare

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Cloudflare by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock worth $6,167,776,000 after buying an additional 658,656 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Cloudflare by 5.1% during the second quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company’s stock valued at $1,081,533,000 after purchasing an additional 270,227 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Cloudflare by 33.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock valued at $352,610,000 after purchasing an additional 786,063 shares in the last quarter. American Century Companies Inc. grew its position in shares of Cloudflare by 34.5% during the first quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock valued at $342,287,000 after purchasing an additional 779,819 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Cloudflare in the 2nd quarter valued at about $541,462,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analyst Upgrades and Downgrades

NET has been the subject of several analyst reports. UBS Group upped their price objective on Cloudflare from $215.00 to $240.00 and gave the stock a “neutral” rating in a research note on Tuesday. Stifel Nicolaus upped their price objective on Cloudflare from $175.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Mizuho upped their price objective on Cloudflare from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Royal Bank Of Canada upped their price objective on Cloudflare from $210.00 to $228.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Finally, Robert W. Baird upped their price objective on Cloudflare from $148.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $198.21.

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.