Insider Selling: Cloudflare (NYSE:NET) Insider Sells 3,000 Shares of Stock

Cloudflare, Inc. (NYSE:NET) insider Douglas James Kramer sold 3,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $196.84, for a total transaction of $590,520.00. Following the sale, the insider owned 113,101 shares in the company, valued at approximately $22,262,800.84. The trade was a 2.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was 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 shares were sold at an average price of $213.48, for a total value of $1,921,320.00.

Cloudflare Stock Up 2.1%

NET traded up $4.13 during trading on Tuesday, hitting $201.33. 2,282,413 shares of the company’s stock traded hands, compared to its average volume of 3,322,118. The stock has a market capitalization of $70.52 billion, a price-to-earnings ratio of -671.10 and a beta of 1.95. The company’s 50 day simple moving average is $216.31 and its two-hundred day simple moving average is $200.87. Cloudflare, Inc. has a 12-month low of $89.42 and a 12-month high of $260.00. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46.

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, beating 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 firm had revenue of $562.03 million for the quarter, compared to the consensus estimate of $544.65 million. During the same period in the prior year, the company posted $0.20 earnings per share. The company’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. Analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Trading of Cloudflare

Hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Cloudflare in the second quarter valued at approximately $541,462,000. Groupama Asset Managment acquired a new stake in Cloudflare in the 2nd quarter valued at approximately $225,204,000. Vanguard Group Inc. increased its position in Cloudflare by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company’s stock valued at $6,934,958,000 after acquiring an additional 821,684 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Cloudflare by 33.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock valued at $352,610,000 after acquiring an additional 786,063 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Cloudflare during the 1st quarter worth $88,203,000. 82.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NET has been the subject of a number of research analyst reports. Citizens Jmp lifted their price target on shares of Cloudflare from $250.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Friday, October 31st. Scotiabank raised their target price on shares of Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a report on Friday, October 31st. Wall Street Zen raised shares of Cloudflare from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Mizuho raised their price target on Cloudflare from $240.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, Argus upped their price objective on Cloudflare from $238.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, November 10th. One investment 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $235.33.

About Cloudflare

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.