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

Cloudflare, Inc. (NYSE:NET) CFO Thomas Seifert sold 10,000 shares of Cloudflare stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $232.39, for a total transaction of $2,323,900.00. Following the sale, the chief financial officer owned 116,733 shares of the company’s stock, valued at $27,127,581.87. The trade was a 7.89% decrease in their position. The sale was disclosed in a filing 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

NET opened at $223.97 on Friday. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $276.82. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The business’s fifty day simple moving average is $217.46 and its 200-day simple moving average is $202.62. The company has a market capitalization of $79.17 billion, a price-to-earnings ratio of -895.88, a PEG ratio of 404.25 and a beta of 1.70.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $639.75 million during the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The firm’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, equities research analysts anticipate that Cloudflare, Inc. will post 0.01 earnings per share for the current fiscal year.

More Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Negative Sentiment: CFO Thomas J. Seifert sold 10,000 shares under a pre-arranged Rule 10b5-1 plan, and director John Graham-Cumming also disclosed a sale. While routine, insider sales can still dampen sentiment. Article Title
• Negative Sentiment: Shareholder advisory group JLens urged investors to withhold votes for two directors, creating a governance overhang ahead of the June 30 annual meeting. Article Title

Institutional Investors Weigh In On Cloudflare

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its holdings in shares of Cloudflare by 135.1% during the first quarter. Pacer Advisors Inc. now owns 583 shares of the company’s stock valued at $120,000 after acquiring an additional 335 shares in the last quarter. Wealth High Governance Capital Ltda acquired a new stake in Cloudflare in the 1st quarter worth approximately $8,688,000. Wealth High Governance Asset Management Ltda. acquired a new stake in Cloudflare in the 1st quarter worth approximately $7,384,000. FAS Wealth Partners Inc. grew its position in Cloudflare by 4.4% during the 1st quarter. FAS Wealth Partners Inc. now owns 6,671 shares of the company’s stock worth $1,376,000 after purchasing an additional 283 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in Cloudflare by 8.0% during the 1st quarter. Parallel Advisors LLC now owns 5,510 shares of the company’s stock worth $1,137,000 after purchasing an additional 406 shares during the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NET has been the topic of several recent research reports. Jefferies Financial Group began coverage on Cloudflare in a research report on Wednesday, April 15th. They set a “buy” rating on the stock. Stifel Nicolaus set a $260.00 price objective on Cloudflare in a research note on Friday, May 8th. Needham & Company LLC lifted their target price on Cloudflare from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Citizens Jmp reiterated a “market outperform” rating and issued a $270.00 target price on shares of Cloudflare in a report on Monday. Finally, Barclays reissued an “overweight” rating and set a $250.00 price target on shares of Cloudflare in a research report on Monday, June 1st. Twenty-one research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Cloudflare presently has an average rating of “Moderate Buy” and a consensus target price of $241.35.

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.