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

Key Points

• Cloudflare CFO Thomas Seifert sold 10,000 shares at an average price of $211.81, resulting in a total transaction value of $2,118,100, and decreased his holdings by 5.01%.
• The company's latest earnings report showed a revenue of $512.32 million for the quarter, beating expectations and reflecting a year-over-year increase of 27.8%.
• Analysts have set a consensus target price of $196.54 for Cloudflare, with varying ratings from Strong Buy to Sell across different firms.

Cloudflare, Inc. (NYSE:NET - Get Free Report) CFO Thomas Seifert sold 10,000 shares of the stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $211.81, for a total value of $2,118,100.00. Following the completion of the sale, the chief financial officer directly owned 189,517 shares of the company's stock, valued at approximately $40,141,595.77. The trade was a 5.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Cloudflare Trading Up 1.3%

Shares of NET stock traded up $2.79 on Monday, hitting $212.80. The company had a trading volume of 2,007,345 shares, compared to its average volume of 3,338,633. Cloudflare, Inc. has a twelve month low of $85.60 and a twelve month high of $230.10. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14. The stock's 50-day moving average is $212.65 and its two-hundred day moving average is $179.12. The firm has a market cap of $74.16 billion, a P/E ratio of -625.87 and a beta of 1.99.

Cloudflare (NYSE:NET - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The company had revenue of $512.32 million for the quarter, compared to analyst estimates of $501.58 million. During the same quarter in the prior year, the company earned $0.20 EPS. The firm's revenue for the quarter was up 27.8% compared to the same quarter last year. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. On average, equities research analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Twin Peaks Wealth Advisors LLC bought a new position in shares of Cloudflare in the second quarter valued at approximately $29,000. Quaker Wealth Management LLC lifted its holdings in shares of Cloudflare by 218.6% in the second quarter. Quaker Wealth Management LLC now owns 166 shares of the company's stock valued at $33,000 after purchasing an additional 306 shares in the last quarter. Hilltop National Bank bought a new position in shares of Cloudflare in the second quarter valued at approximately $36,000. Ameritas Advisory Services LLC bought a new position in shares of Cloudflare in the second quarter valued at approximately $39,000. Finally, Mather Group LLC. lifted its holdings in shares of Cloudflare by 1,188.2% in the first quarter. Mather Group LLC. now owns 219 shares of the company's stock valued at $25,000 after purchasing an additional 202 shares in the last quarter. Institutional investors own 82.68% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on NET shares. Scotiabank upped their target price on Cloudflare from $135.00 to $200.00 and gave the company a "sector perform" rating in a research report on Friday, August 1st. Cantor Fitzgerald increased their price target on Cloudflare from $162.00 to $199.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Royal Bank Of Canada increased their price target on Cloudflare from $210.00 to $228.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Guggenheim increased their price target on Cloudflare from $70.00 to $111.00 and gave the stock a "sell" rating in a report on Friday, August 1st. Finally, Morgan Stanley increased their price target on Cloudflare from $225.00 to $235.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $196.54.

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.

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