Cloudflare (NYSE:NET) Director Carl Ledbetter Sells 192 Shares of Stock

Cloudflare, Inc. (NYSE:NET) Director Carl Ledbetter sold 192 shares of the stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $201.25, for a total transaction of $38,640.00. Following the completion of the sale, the director owned 974,207 shares of the company’s stock, valued at $196,059,158.75. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Carl Ledbetter also recently made the following trade(s):

• On Monday, December 29th, Carl Ledbetter sold 8,674 shares of Cloudflare stock. The stock was sold at an average price of $201.46, for a total value of $1,747,464.04.
• On Monday, November 17th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The shares were sold at an average price of $207.96, for a total value of $3,119,400.00.
• On Monday, October 20th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The shares were sold at an average price of $210.65, for a total transaction of $3,159,750.00.

Cloudflare Stock Down 0.5%

NYSE:NET opened at $199.75 on Wednesday. The stock’s fifty day moving average is $209.70 and its two-hundred day moving average is $206.00. Cloudflare, Inc. has a 52 week low of $89.42 and a 52 week high of $260.00. The stock has a market capitalization of $69.97 billion, a price-to-earnings ratio of -665.82 and a beta of 1.95. 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 posted its quarterly earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The business had revenue of $562.03 million during the quarter, compared to the consensus estimate of $544.65 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. Research analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Physician Wealth Advisors Inc. boosted its position in Cloudflare by 693.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after purchasing an additional 104 shares during the period. Wiser Advisor Group LLC acquired a new stake in Cloudflare during the 3rd quarter worth about $26,000. Westside Investment Management Inc. lifted its position in shares of Cloudflare by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after acquiring an additional 65 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Cloudflare in the second quarter worth $29,000. Finally, ORG Wealth Partners LLC grew its stake in Cloudflare by 101.4% during the 3rd quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock valued at $30,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

NET has been the subject of a number of recent research reports. JMP Securities set a $270.00 price target on shares of Cloudflare in a research note on Friday, October 31st. Barclays assumed coverage on Cloudflare in a report on Tuesday, December 2nd. They set an “overweight” rating and a $235.00 price objective on the stock. Cantor Fitzgerald increased their target price on shares of Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a report on Friday, October 31st. UBS Group boosted their price objective on shares of Cloudflare from $240.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Jefferies Financial Group restated a “hold” rating and set a $225.00 price objective on shares of Cloudflare in a research report on Tuesday, December 16th. One 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 issued a Sell rating to the company. According to data from MarketBeat, Cloudflare presently has an average rating of “Moderate Buy” and a consensus price target of $234.78.

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.