Insider Selling: Cloudflare (NYSE:NET) CFO Sells 10,000 Shares of Stock

Key Points

• Cloudflare CFO Thomas Seifert sold 10,000 shares at an average price of $332.46, generating $3.32 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 107,902 shares.
• Cloudflare recently reported stronger-than-expected results, with quarterly EPS of $0.29 versus the $0.27 consensus and revenue of $696.06 million, up 35.9% year over year.
• Analyst sentiment remains a Moderate Buy, with an average price target of $321.85, although ratings range from Strong Buy to Sell. The stock recently traded near its 52-week high at $351.82.

Cloudflare, Inc. (NYSE:NET - Get Free Report) CFO Thomas Seifert sold 10,000 shares of the business's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $332.46, for a total transaction of $3,324,600.00. Following the sale, the chief financial officer directly owned 107,902 shares of the company's stock, valued at approximately $35,873,098.92. This represents a 8.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Stock Performance

NYSE NET traded up $28.22 during trading hours on Monday, reaching $351.82. The company's stock had a trading volume of 3,853,523 shares, compared to its average volume of 4,190,031. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. The business has a 50-day simple moving average of $292.04 and a 200 day simple moving average of $244.97. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $352.45. The stock has a market cap of $124.36 billion, a PE ratio of -606.59, a PEG ratio of 257.37 and a beta of 1.66.

Cloudflare (NYSE:NET - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $696.06 million during the quarter, compared to analyst estimates of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The business's revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the company earned $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. Equities research analysts predict that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NET has been the topic of a number of recent research reports. DZ Bank cut Cloudflare from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, August 7th. Barclays increased their price objective on shares of Cloudflare from $300.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Wells Fargo & Company lifted their price objective on shares of Cloudflare from $300.00 to $380.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Susquehanna boosted their target price on shares of Cloudflare from $200.00 to $300.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. Finally, Benchmark cut shares of Cloudflare to an "underperform" rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, Cloudflare has an average rating of "Moderate Buy" and an average target price of $321.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Financial Management LLC raised its stake in shares of Cloudflare by 65.3% during the second quarter. Cornerstone Financial Management LLC now owns 119 shares of the company's stock valued at $29,000 after purchasing an additional 47 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in Cloudflare in the 2nd quarter valued at about $30,000. CX Institutional increased its stake in Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company's stock valued at $33,000 after buying an additional 44 shares during the period. Cape Investment Advisory Inc. bought a new stake in shares of Cloudflare during the 2nd quarter worth about $33,000. Finally, Ancora Advisors LLC bought a new stake in shares of Cloudflare during the 2nd quarter worth about $33,000. Institutional investors own 82.68% of the company's stock.

Cloudflare Company Profile

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

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

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