Insider Selling: Cloudflare (NYSE:NET) Director Sells 2,520 Shares of Stock

Cloudflare, Inc. (NYSE:NET) Director John Graham-Cumming sold 2,520 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $199.37, for a total value of $502,412.40. Following the sale, the director owned 495,191 shares in the company, valued at $98,726,229.67. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, November 3rd, John Graham-Cumming sold 2,520 shares of Cloudflare stock. The shares were sold at an average price of $250.83, for a total transaction of $632,091.60.
• 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.

Cloudflare Stock Performance

Shares of NET traded up $0.86 during mid-day trading on Tuesday, reaching $197.56. 2,129,627 shares of the company’s stock traded hands, compared to its average volume of 3,265,510. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. The business’s 50-day moving average price is $213.45 and its 200-day moving average price is $204.07. The stock has a market capitalization of $69.20 billion, a P/E ratio of -658.54 and a beta of 1.94. Cloudflare, Inc. has a 12 month low of $89.42 and a 12 month high of $260.00.

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. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The company had revenue of $562.03 million during the quarter, compared to analyst estimates of $544.65 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The firm’s quarterly revenue was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. Equities analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Cloudflare

Several institutional investors have recently made changes to their positions in NET. Reliant Investment Partners LLC increased its stake in shares of Cloudflare by 1.5% during the 3rd quarter. Reliant Investment Partners LLC now owns 3,316 shares of the company’s stock worth $718,000 after purchasing an additional 50 shares during the last quarter. Daymark Wealth Partners LLC boosted its holdings in Cloudflare by 1.1% in the second quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company’s stock worth $892,000 after purchasing an additional 51 shares in the last quarter. Frank Rimerman Advisors LLC increased its position in Cloudflare by 1.8% during the third quarter. Frank Rimerman Advisors LLC now owns 2,821 shares of the company’s stock worth $605,000 after buying an additional 51 shares during the last quarter. Huntington National Bank increased its position in Cloudflare by 22.8% during the second quarter. Huntington National Bank now owns 280 shares of the company’s stock worth $55,000 after buying an additional 52 shares during the last quarter. Finally, ORG Partners LLC raised its holdings in Cloudflare by 11.9% during the second quarter. ORG Partners LLC now owns 498 shares of the company’s stock valued at $92,000 after buying an additional 53 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NET has been the topic of several recent analyst reports. UBS Group boosted their target price on Cloudflare from $240.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Jefferies Financial Group reissued a “hold” rating and set a $225.00 target price on shares of Cloudflare in a research note on Tuesday. Needham & Company LLC lifted their price target on shares of Cloudflare from $240.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Stifel Nicolaus raised their price objective on Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Susquehanna lifted their price target on Cloudflare from $205.00 to $260.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cloudflare currently has an average rating of “Moderate Buy” and an average target price of $234.41.

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.