Insider Selling: Cloudflare (NYSE:NET) Director Sells $632,091.60 in Stock

Cloudflare, Inc. (NYSE:NET) Director John Graham-Cumming sold 2,520 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $250.83, for a total transaction of $632,091.60. Following the transaction, the director owned 495,191 shares of the company’s stock, valued at approximately $124,208,758.53. The trade was a 0.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

John Graham-Cumming also recently made the following trade(s):

• On Monday, October 13th, John Graham-Cumming sold 2,520 shares of Cloudflare stock. The shares were sold at an average price of $221.36, for a total transaction of $557,827.20.
• On Tuesday, September 2nd, John Graham-Cumming sold 10,215 shares of Cloudflare stock. The stock was sold at an average price of $206.32, for a total transaction of $2,107,558.80.

Cloudflare Trading Down 1.8%

Shares of Cloudflare stock opened at $228.65 on Thursday. Cloudflare, Inc. has a 12-month low of $87.24 and a 12-month high of $260.00. The company has a market cap of $79.68 billion, a price-to-earnings ratio of -762.17 and a beta of 2.10. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. The company’s 50-day moving average price is $219.75 and its 200-day moving average price is $190.07.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $430.08 million for the quarter, compared to the consensus estimate of $544.87 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 earnings per share. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. On average, equities analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Jefferies Financial Group began coverage on shares of Cloudflare in a report on Friday, October 31st. They issued a “hold” rating and a $250.00 target price on the stock. UBS Group boosted their target price on shares of Cloudflare from $240.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Piper Sandler boosted their target price on shares of Cloudflare from $224.00 to $249.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Citizens Jmp lifted their price target on Cloudflare from $250.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Friday, October 31st. Finally, Needham & Company LLC lifted their price target on Cloudflare from $240.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $234.16.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Physician Wealth Advisors Inc. boosted its stake in Cloudflare by 693.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after purchasing an additional 104 shares during the period. Westside Investment Management Inc. raised its holdings in shares of Cloudflare by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after acquiring an additional 65 shares in the last quarter. ORG Wealth Partners LLC raised its holdings in shares of Cloudflare by 101.4% during the 3rd quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock worth $30,000 after acquiring an additional 70 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Cloudflare during the 2nd quarter worth approximately $29,000. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of Cloudflare during the 3rd quarter worth approximately $32,000. 82.68% of the stock is currently owned by institutional investors.

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.