John Graham-Cumming Sells 2,520 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) Director John Graham-Cumming sold 2,520 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $250.83, for a total transaction of $632,091.60. Following the sale, the director directly owned 495,191 shares of the company’s stock, valued at $124,208,758.53. This represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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.
• On Tuesday, September 2nd, John Graham-Cumming sold 10,215 shares of Cloudflare stock. The shares were sold at an average price of $206.32, for a total transaction of $2,107,558.80.

Cloudflare Price Performance

NYSE NET opened at $232.68 on Wednesday. The company has a 50 day simple moving average of $219.28 and a 200-day simple moving average of $189.80. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market capitalization of $81.09 billion, a price-to-earnings ratio of -775.61 and a beta of 2.10. Cloudflare, Inc. has a 52-week low of $86.43 and a 52-week high of $260.00.

Cloudflare (NYSE:NET) last posted 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. The business had revenue of $430.08 million during the quarter, compared to analyst estimates of $544.87 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The firm’s revenue was up 30.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. Equities research analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cloudflare

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Cloudflare by 2.1% during the second quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock valued at $6,167,776,000 after purchasing an additional 658,656 shares during the last quarter. Geode Capital Management LLC grew its holdings in Cloudflare by 5.1% during the second quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company’s stock valued at $1,081,533,000 after purchasing an additional 270,227 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Cloudflare by 33.5% during the first 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 purchasing an additional 786,063 shares during the last quarter. American Century Companies Inc. grew its holdings in Cloudflare by 34.5% during the first quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock valued at $342,287,000 after purchasing an additional 779,819 shares during the last quarter. Finally, Norges Bank acquired a new position in Cloudflare during the second quarter valued at approximately $541,462,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NET. DZ Bank reissued a “sell” rating and issued a $170.00 price target on shares of Cloudflare in a research report on Tuesday, July 22nd. UBS Group increased their price target on shares of Cloudflare from $240.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday. Royal Bank Of Canada increased their price target on shares of Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Morgan Stanley increased their price target on shares of Cloudflare from $225.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Needham & Company LLC raised their price objective on shares of Cloudflare from $240.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Cloudflare has an average rating of “Moderate Buy” and a consensus target price of $231.48.

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.