Cloudflare (NYSE:NET) Director Mark Hawkins Sells 134 Shares

Cloudflare, Inc. (NYSE:NET) Director Mark Hawkins sold 134 shares of Cloudflare stock in a transaction on Monday, December 1st. The shares were sold at an average price of $197.65, for a total transaction of $26,485.10. Following the completion of the sale, the director directly owned 10,856 shares of the company’s stock, valued at approximately $2,145,688.40. The trade was a 1.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Cloudflare Stock Up 2.1%

NET traded up $4.13 during trading on Tuesday, hitting $201.33. 2,282,451 shares of the company’s stock were exchanged, compared to its average volume of 3,322,118. Cloudflare, Inc. has a fifty-two week low of $89.42 and a fifty-two week high of $260.00. The stock has a market cap of $70.52 billion, a P/E ratio of -671.10 and a beta of 1.95. The business’s 50 day moving average is $216.31 and its two-hundred day moving average is $200.87. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46.

Cloudflare (NYSE:NET) last issued its quarterly earnings data 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. The firm had revenue of $562.03 million during the quarter, compared to analysts’ expectations of $544.65 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The business’s revenue was up 30.7% on a year-over-year basis. During the same period last year, the company earned $0.20 earnings per share. 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, equities analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NET has been the subject of a number of recent research reports. Guggenheim reissued a “sell” rating on shares of Cloudflare in a report on Tuesday, October 21st. Barclays began coverage on Cloudflare in a research report on Tuesday. They set an “overweight” rating and a $235.00 target price on the stock. Scotiabank upped their price target on Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a report on Friday, October 31st. Citizens Jmp raised their price objective on Cloudflare from $250.00 to $270.00 and gave the company a “market outperform” rating in a research note on Friday, October 31st. Finally, Stifel Nicolaus lifted their price objective on shares of Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Cloudflare presently has a consensus rating of “Moderate Buy” and an average target price of $235.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NET. Westfield Capital Management Co. LP bought a new stake in shares of Cloudflare in the second quarter valued at $87,868,000. Wealthedge Investment Advisors LLC increased 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 worth $1,367,000 after acquiring an additional 4,755 shares during the last quarter. American Century Companies Inc. increased 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 worth $342,287,000 after acquiring an additional 779,819 shares during the last quarter. Motley Fool Asset Management LLC raised its stake in Cloudflare by 10.5% in the 2nd quarter. Motley Fool Asset Management LLC now owns 17,752 shares of the company’s stock valued at $3,476,000 after acquiring an additional 1,691 shares during the period. Finally, Strategy Capital LLC lifted its holdings in Cloudflare by 4.5% during the second quarter. Strategy Capital LLC now owns 1,165,942 shares of the company’s stock valued at $228,326,000 after purchasing an additional 50,374 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

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.