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

Cloudflare, Inc. (NYSE:NET) CFO Thomas Seifert sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $332.46, for a total value of $3,324,600.00. Following the completion of the sale, the chief financial officer owned 107,902 shares of the company’s stock, valued at $35,873,098.92. This trade represents a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Price Performance

NYSE NET traded up $28.22 on Monday, reaching $351.82. 3,853,523 shares of the stock traded hands, compared to its average volume of 4,190,031. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $352.45. The company has a market cap of $124.36 billion, a price-to-earnings ratio of -606.59, a P/E/G ratio of 257.37 and a beta of 1.66. The firm’s fifty day simple moving average is $292.04 and its 200 day simple moving average is $244.97. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The company’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 EPS. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. As a group, research analysts predict that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Institutional Trading of Cloudflare

Several hedge funds and other institutional investors have recently modified their holdings of the business. Anchor Investment Management LLC lifted its position in shares of Cloudflare by 46.4% in the second quarter. Anchor Investment Management LLC now owns 3,432 shares of the company’s stock worth $842,000 after purchasing an additional 1,087 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Cloudflare by 13.2% during the second quarter. Sequoia Financial Advisors LLC now owns 9,790 shares of the company’s stock worth $2,401,000 after purchasing an additional 1,139 shares during the period. Van Hulzen Asset Management LLC grew its position in Cloudflare by 2.4% during the second quarter. Van Hulzen Asset Management LLC now owns 4,675 shares of the company’s stock valued at $1,147,000 after purchasing an additional 110 shares in the last quarter. Whetstone Capital Advisors LLC increased its stake in Cloudflare by 51.7% in the 2nd quarter. Whetstone Capital Advisors LLC now owns 292,861 shares of the company’s stock valued at $71,833,000 after buying an additional 99,830 shares during the period. Finally, National Pension Service increased its stake in Cloudflare by 1.6% in the 2nd quarter. National Pension Service now owns 959,987 shares of the company’s stock valued at $235,466,000 after buying an additional 15,546 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NET. Sanford C. Bernstein raised their price objective on shares of Cloudflare from $164.00 to $181.00 and gave the company a “market perform” rating in a research report on Thursday. Piper Sandler boosted their target price on shares of Cloudflare from $250.00 to $333.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Raymond James Financial initiated coverage on shares of Cloudflare in a report on Tuesday, July 7th. They set a “strong-buy” rating for the company. Cantor Fitzgerald restated a “neutral” rating and issued a $250.00 price target on shares of Cloudflare in a research report on Monday, August 3rd. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Cloudflare in a report on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $321.85.

About Cloudflare

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

The company’s offerings include content delivery and domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.