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 that occurred on Monday, August 17th. The stock was sold at an average price of $307.32, for a total transaction of $3,073,200.00. Following the transaction, the chief financial officer directly owned 110,846 shares in the company, valued at $34,065,192.72. The trade was a 8.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Trading Down 3.1%

NET traded down $9.33 during mid-day trading on Wednesday, hitting $292.03. The stock had a trading volume of 3,092,386 shares, compared to its average volume of 4,333,878. The stock’s fifty day simple moving average is $264.47 and its 200-day simple moving average is $225.49. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. The firm has a market capitalization of $103.22 billion, a price-to-earnings ratio of -503.50, a price-to-earnings-growth ratio of 230.77 and a beta of 1.65. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $332.22.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company 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 forecast that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NET shares. Mizuho increased their price objective on Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. TD Cowen upped their target price on shares of Cloudflare from $300.00 to $355.00 and gave the company a “buy” rating in a report on Friday, August 7th. Citigroup increased their price target on Cloudflare from $265.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Raymond James Financial started coverage on shares of Cloudflare in a research report on Tuesday, July 7th. They set a “strong-buy” rating for the company. Finally, BTIG Research lifted their target price on Cloudflare from $314.00 to $382.00 and gave the stock a “buy” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $320.19.

Institutional Investors Weigh In On Cloudflare

A number of hedge funds have recently made changes to their positions in the stock. Lingotto Investment Management LLP bought a new position in shares of Cloudflare in the 4th quarter worth about $34,626,000. Jupiter Asset Management Ltd. boosted its position in shares of Cloudflare by 1,984.7% during the 4th quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock valued at $38,979,000 after purchasing an additional 188,226 shares in the last quarter. Trek Financial LLC bought a new stake in shares of Cloudflare during the 4th quarter valued at about $1,793,000. Pictet Asset Management Holding SA grew its stake in Cloudflare by 17.6% during the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock worth $284,900,000 after purchasing an additional 206,506 shares during the period. Finally, Thrivent Financial for Lutherans acquired a new stake in Cloudflare during the fourth quarter worth approximately $5,543,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

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.