Cloudflare (NYSE:NET) Director Sells $557,827.20 in Stock

Key Points

• Cloudflare Director John Graham-Cumming sold 2,520 shares for a total of $557,827.20, reducing his ownership by 0.51% to 495,191 shares valued at approximately $109.6 million.
• The company reported a 27.8% year-over-year increase in revenue for the last quarter, reaching $512.32 million, with earnings per share at $0.21, exceeding expectations.
• Cloudflare has seen adjustments in price targets from analysts, with estimates ranging from $175 to $250 and a consensus average target price of $196.54.

Cloudflare, Inc. (NYSE:NET - Get Free Report) Director John Graham-Cumming sold 2,520 shares of Cloudflare stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $221.36, for a total transaction of $557,827.20. Following the completion of the sale, the director owned 495,191 shares of the company's stock, valued at $109,615,479.76. This represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

John Graham-Cumming also recently made the following trade(s):

• On Tuesday, September 2nd, John Graham-Cumming sold 10,215 shares of Cloudflare stock. The stock was sold at an average price of $206.32, for a total transaction of $2,107,558.80.

Cloudflare Stock Performance

Shares of NET stock traded up $0.56 during trading hours on Wednesday, reaching $218.11. The company had a trading volume of 2,167,010 shares, compared to its average volume of 3,350,431. 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 firm has a market cap of $76.01 billion, a PE ratio of -641.50 and a beta of 1.99. The business has a fifty day moving average price of $212.47 and a 200-day moving average price of $176.61. Cloudflare, Inc. has a one year low of $85.60 and a one year high of $230.10.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on NET shares. Robert W. Baird raised their target price on shares of Cloudflare from $148.00 to $175.00 and gave the company a "neutral" rating in a report on Friday, July 25th. UBS Group raised their price target on Cloudflare from $145.00 to $200.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. KeyCorp raised their price target on Cloudflare from $210.00 to $235.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wells Fargo & Company lifted their target price on Cloudflare from $225.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Scotiabank lifted their target price on Cloudflare from $135.00 to $200.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $196.54.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NET. Vanguard Group Inc. raised its stake in Cloudflare by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company's stock valued at $6,167,776,000 after purchasing an additional 658,656 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Cloudflare by 5.1% during the 2nd quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company's stock worth $1,081,533,000 after purchasing an additional 270,227 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Cloudflare by 33.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company's stock worth $352,610,000 after purchasing an additional 786,063 shares during the period. American Century Companies Inc. boosted its holdings in Cloudflare by 34.5% during the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company's stock valued at $342,287,000 after acquiring an additional 779,819 shares during the period. Finally, Norges Bank purchased a new position in Cloudflare during the 2nd quarter valued at about $541,462,000. 82.68% of the stock is owned by institutional investors and hedge funds.

Cloudflare Company Profile

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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