Cloudflare (NYSE:NET) Insider Sells $590,520.00 in Stock

Cloudflare, Inc. (NYSE:NET) insider Douglas James Kramer sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $196.84, for a total transaction of $590,520.00. Following the completion of the sale, the insider directly owned 113,101 shares of the company’s stock, valued at approximately $22,262,800.84. This represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Douglas James Kramer also recently made the following trade(s):

• On Monday, November 3rd, Douglas James Kramer sold 3,000 shares of Cloudflare stock. The shares were sold at an average price of $255.53, for a total transaction of $766,590.00.
• On Wednesday, October 1st, Douglas James Kramer sold 9,000 shares of Cloudflare stock. The stock was sold at an average price of $213.48, for a total value of $1,921,320.00.

Cloudflare Price Performance

NET traded up $4.13 during trading on Tuesday, reaching $201.33. The stock had a trading volume of 2,282,413 shares, compared to its average volume of 3,322,118. The stock has a 50 day moving average of $216.31 and a two-hundred day moving average of $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. The firm has a market capitalization of $70.52 billion, a price-to-earnings ratio of -671.10 and a beta of 1.95. Cloudflare, Inc. has a 1-year low of $89.42 and a 1-year high of $260.00.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The company had revenue of $562.03 million for the quarter, compared to analysts’ expectations of $544.65 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The firm’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same period last year, the firm earned $0.20 EPS. 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 anticipate that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Cloudflare

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its position in shares of Cloudflare by 23.5% in the first quarter. Mackenzie Financial Corp now owns 18,088 shares of the company’s stock worth $2,038,000 after buying an additional 3,447 shares during the period. GSA Capital Partners LLP purchased a new stake in Cloudflare in the 1st quarter worth about $557,000. XTX Topco Ltd purchased a new stake in Cloudflare in the 1st quarter worth about $342,000. PNC Financial Services Group Inc. boosted its position in Cloudflare by 19.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,239 shares of the company’s stock worth $816,000 after acquiring an additional 1,163 shares during the period. Finally, Blair William & Co. IL grew its stake in Cloudflare by 321.0% during the 1st quarter. Blair William & Co. IL now owns 20,625 shares of the company’s stock valued at $2,324,000 after acquiring an additional 15,726 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NET. Robert W. Baird set a $220.00 price target on shares of Cloudflare in a research report on Friday, October 31st. Piper Sandler boosted their target price on shares of Cloudflare from $224.00 to $249.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. UBS Group increased their target price on shares of Cloudflare from $240.00 to $245.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Jefferies Financial Group initiated coverage on shares of Cloudflare in a research report on Friday, October 31st. They issued a “hold” rating and a $250.00 price target on the stock. Finally, KeyCorp upped their price target on Cloudflare from $235.00 to $300.00 and gave the company an “overweight” 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 assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $235.33.

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.