Cloudflare (NYSE:NET) CFO Sells 12,500 Shares of Stock

Cloudflare, Inc. (NYSE:NET) CFO Thomas Seifert sold 12,500 shares of the stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $299.59, for a total value of $3,744,875.00. Following the transaction, the chief financial officer owned 104,958 shares in the company, valued at $31,444,367.22. This trade represents a 10.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Stock Up 0.5%

Cloudflare stock traded up $1.48 during trading on Monday, reaching $297.78. The company had a trading volume of 3,050,445 shares, compared to its average volume of 2,932,626. The firm’s 50-day simple moving average is $319.26 and its 200 day simple moving average is $265.13. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $370.35.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The company 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 revenue for the quarter was up 35.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Sell-side analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NET. Benchmark downgraded shares of Cloudflare to an “underperform” rating in a research report on Tuesday, July 7th. Sanford C. Bernstein raised their price target on shares of Cloudflare from $164.00 to $181.00 and gave the company a “market perform” rating in a research note on Thursday, September 17th. Raymond James Financial initiated coverage on Cloudflare in a report on Tuesday, July 7th. They issued a “strong-buy” rating on the stock. Piper Sandler lifted their price objective on Cloudflare from $250.00 to $333.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $394.00 price objective on shares of Cloudflare in a research note on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Cloudflare presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.59.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NET. GK Wealth Management LLC acquired a new stake in Cloudflare during the 3rd quarter worth $25,000. Toth Financial Advisory Corp acquired a new stake in shares of Cloudflare in the third quarter valued at about $36,000. Cornerstone Financial Management LLC raised its position in shares of Cloudflare by 65.3% in the second quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock valued at $29,000 after buying an additional 47 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Cloudflare in the second quarter worth about $30,000. Finally, CX Institutional lifted its stake in shares of Cloudflare by 49.4% in the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after buying an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Company Profile

Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.

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