Cloudflare (NYSE:NET) Director Sells $28,145.46 in Stock

Key Points

• Director Mark Hawkins sold 133 shares on May 1 at an average price of $211.62 for $28,145.46, reducing his holdings to 10,189 shares (a 1.29% stake decrease).
• NET shares rose about 2.8% to $223.66, with a market capitalization of $78.72 billion and a one‑year range of $120.46–$260, but the company has a negative P/E (‑771) and trades near its 50‑ and 200‑day moving averages (~$200).
• Cloudflare beat estimates with Q EPS of $0.28 and revenue of $614.5M (up 33.6% YoY) yet still posts a negative net margin and ROE; analysts hold a consensus Moderate Buy rating with an average target of $232.62.

Cloudflare, Inc. (NYSE:NET - Get Free Report) Director Mark Hawkins sold 133 shares of the company's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $211.62, for a total transaction of $28,145.46. Following the completion of the sale, the director directly owned 10,189 shares of the company's stock, valued at $2,156,196.18. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Cloudflare Stock Up 2.8%

NET stock traded up $6.16 during trading on Monday, reaching $223.66. The stock had a trading volume of 2,771,949 shares, compared to its average volume of 4,518,327. Cloudflare, Inc. has a one year low of $120.46 and a one year high of $260.00. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.35. The company's 50 day moving average is $199.89 and its two-hundred day moving average is $200.05. The company has a market capitalization of $78.72 billion, a price-to-earnings ratio of -771.21 and a beta of 1.67.

Cloudflare (NYSE:NET - Get Free Report) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. Cloudflare had a negative net margin of 4.72% and a negative return on equity of 7.24%. The business had revenue of $614.51 million during the quarter, compared to the consensus estimate of $591.67 million. During the same period in the prior year, the firm posted $0.19 EPS. The firm's quarterly revenue was up 33.6% compared to the same quarter last year. Equities research analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Cloudflare in a research report on Monday, April 20th. Scotiabank reduced their target price on shares of Cloudflare from $255.00 to $225.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 11th. Mizuho reduced their target price on shares of Cloudflare from $255.00 to $235.00 and set an "outperform" rating for the company in a research report on Tuesday, April 14th. Royal Bank Of Canada increased their target price on shares of Cloudflare from $230.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, February 11th. Finally, Wolfe Research reissued a "peer perform" rating on shares of Cloudflare in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Cloudflare currently has a consensus rating of "Moderate Buy" and an average target price of $232.62.

Institutional Trading of Cloudflare

Institutional investors have recently modified their holdings of the business. Physician Wealth Advisors Inc. lifted its stake in shares of Cloudflare by 693.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company's stock valued at $26,000 after buying an additional 104 shares in the last quarter. Wiser Advisor Group LLC purchased a new stake in shares of Cloudflare during the 3rd quarter valued at approximately $26,000. HM Payson & Co. purchased a new stake in shares of Cloudflare during the 4th quarter valued at approximately $25,000. Westside Investment Management Inc. lifted its stake in shares of Cloudflare by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company's stock valued at $28,000 after buying an additional 65 shares in the last quarter. Finally, ORG Wealth Partners LLC lifted its stake in shares of Cloudflare by 101.4% during the 3rd quarter. ORG Wealth Partners LLC now owns 139 shares of the company's stock valued at $30,000 after buying an additional 70 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

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.

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