Cloudflare (NYSE:NET) CFO Sells $7,922,045.20 in Stock

Cloudflare, Inc. (NYSE:NET) CFO Thomas Seifert sold 41,555 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $190.64, for a total transaction of $7,922,045.20. Following the completion of the transaction, the chief financial officer owned 189,517 shares of the company’s stock, valued at approximately $36,129,520.88. This trade represents a 17.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Cloudflare Stock Down 0.2%

NET stock opened at $192.7840 on Friday. The stock has a market capitalization of $67.18 billion, a P/E ratio of -567.01 and a beta of 1.84. The firm has a 50-day simple moving average of $193.27 and a 200-day simple moving average of $156.34. The company has a quick ratio of 5.14, a current ratio of 5.14 and a debt-to-equity ratio of 2.63. Cloudflare, Inc. has a 52 week low of $74.88 and a 52 week high of $219.00.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $512.32 million during the quarter, compared to analysts’ expectations of $501.58 million. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The company’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 earnings per share. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. Equities analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Needham & Company LLC boosted their target price on shares of Cloudflare from $200.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Wells Fargo & Company boosted their target price on shares of Cloudflare from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Bank of America upped their price objective on shares of Cloudflare from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Morgan Stanley upped their price objective on shares of Cloudflare from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Capital One Financial raised shares of Cloudflare from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $191.28.

Hedge Funds Weigh In On Cloudflare

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Cloudflare by 86.8% in the 1st quarter. GAMMA Investing LLC now owns 1,093 shares of the company’s stock valued at $123,000 after purchasing an additional 508 shares during the last quarter. Wealthedge Investment Advisors LLC boosted its holdings in Cloudflare by 64.5% in the 1st quarter. Wealthedge Investment Advisors LLC now owns 12,132 shares of the company’s stock valued at $1,367,000 after purchasing an additional 4,755 shares during the last quarter. American Century Companies Inc. boosted its holdings in Cloudflare by 34.5% in the 1st 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 during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Cloudflare by 9.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 2,635 shares of the company’s stock valued at $297,000 after purchasing an additional 230 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in Cloudflare by 7.0% in the 1st quarter. Amalgamated Bank now owns 21,402 shares of the company’s stock valued at $2,412,000 after purchasing an additional 1,400 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

About Cloudflare

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.