Thomas Seifert Sells 10,000 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) CFO Thomas Seifert sold 10,000 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $201.69, for a total transaction of $2,016,900.00. Following the transaction, the chief financial officer owned 137,486 shares in the company, valued at $27,729,551.34. The trade was a 6.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Cloudflare Price Performance

Shares of NYSE:NET traded up $0.01 during trading on Tuesday, hitting $202.07. 1,443,579 shares of the stock were exchanged, compared to its average volume of 3,250,085. The company has a market cap of $70.78 billion, a PE ratio of -673.58 and a beta of 1.95. 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 has a fifty day moving average price of $211.16 and a two-hundred day moving average price of $204.94. Cloudflare, Inc. has a 12-month low of $89.42 and a 12-month high of $260.00.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NET shares. Argus raised their target price on shares of Cloudflare from $238.00 to $265.00 and gave the company a “buy” rating in a report on Monday, November 10th. UBS Group raised their price objective on shares of Cloudflare from $240.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Guggenheim restated a “sell” rating on shares of Cloudflare in a research report on Tuesday, October 21st. Oppenheimer began coverage on Cloudflare in a report on Monday, November 10th. They set an “outperform” rating and a $260.00 target price on the stock. Finally, Wall Street Zen raised Cloudflare from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $234.78.

Institutional Investors Weigh In On Cloudflare

A number of institutional investors have recently bought and sold shares of the stock. Sherman Porfolios LLC purchased a new stake in shares of Cloudflare during the 3rd quarter valued at $203,000. AIA Group Ltd raised its position in shares of Cloudflare by 14.3% in the 3rd quarter. AIA Group Ltd now owns 63,753 shares of the company’s stock worth $13,681,000 after buying an additional 7,997 shares during the period. IFP Advisors Inc boosted its holdings in Cloudflare by 14.8% in the third quarter. IFP Advisors Inc now owns 2,353 shares of the company’s stock valued at $505,000 after acquiring an additional 304 shares during the last quarter. Groupama Asset Managment grew its position in Cloudflare by 82.6% during the third quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock valued at $450,639,000 after acquiring an additional 950,000 shares during the period. Finally, Polar Asset Management Partners Inc. purchased a new stake in Cloudflare during the third quarter valued at about $1,300,000. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Cloudflare Company Profile

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.