Insider Selling: Cloudflare (NYSE:NET) CAO Sells 23,332 Shares of Stock

Key Points

• CAO Janel Riley sold 23,332 Cloudflare shares on March 5 at an average price of $190, generating about $4.43 million and reducing her ownership by 29.12% to 56,791 shares (≈$10.79M).
• Cloudflare beat quarterly EPS ($0.28 vs. $0.27) and reported revenue up 33.6% to $614.51M, but remains unprofitable with a negative net margin (−4.72%) and a sell‑side consensus forecasting −0.11 EPS for the year.
• Shares traded at $194.79 (+1.3%) with a market cap of $68.23B, a negative P/E, a 12‑month range of $89.42–$260, and a consensus analyst rating of "Moderate Buy" with a $230.70 price target; institutional investors own 82.68%.

Cloudflare, Inc. (NYSE:NET - Get Free Report) CAO Janel Riley sold 23,332 shares of the firm's stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $190.00, for a total transaction of $4,433,080.00. Following the completion of the transaction, the chief accounting officer owned 56,791 shares of the company's stock, valued at approximately $10,790,290. The trade was a 29.12% 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.

Cloudflare Trading Up 1.3%

Shares of NYSE:NET traded up $2.48 during mid-day trading on Friday, hitting $194.79. The stock had a trading volume of 2,860,230 shares, compared to its average volume of 5,006,934. The company's 50 day moving average is $184.45 and its 200-day moving average is $202.53. Cloudflare, Inc. has a 12-month low of $89.42 and a 12-month high of $260.00. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market cap of $68.23 billion, a PE ratio of -671.67 and a beta of 1.98.

Cloudflare (NYSE:NET - Get Free Report) last announced its earnings results on Tuesday, February 10th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $614.51 million for the quarter, compared to the consensus estimate of $591.67 million. During the same period in the previous year, the business earned $0.19 EPS. The company's revenue was up 33.6% on a year-over-year basis. On average, sell-side analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NET. HM Payson & Co. acquired a new stake in shares of Cloudflare in the fourth quarter valued at about $25,000. Physician Wealth Advisors Inc. boosted its position in shares of Cloudflare by 693.3% in the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company's stock valued at $26,000 after acquiring an additional 104 shares during the period. Wiser Advisor Group LLC bought a new position in Cloudflare during the third quarter worth $26,000. Westside Investment Management Inc. raised its stake in 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 purchasing an additional 65 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in Cloudflare in the 2nd quarter valued at $29,000. Institutional investors own 82.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NET. Morgan Stanley set a $245.00 price target on shares of Cloudflare in a research report on Wednesday, February 11th. Oppenheimer assumed coverage on shares of Cloudflare in a research report on Monday, November 10th. They issued an "outperform" rating and a $260.00 target price for the company. Mizuho lowered their price target on shares of Cloudflare from $280.00 to $255.00 and set an "outperform" rating on the stock in a report on Wednesday, January 21st. Robert W. Baird set a $260.00 price objective on Cloudflare and gave the stock an "outperform" rating in a report on Wednesday, February 11th. Finally, Wall Street Zen raised Cloudflare from a "hold" rating to a "buy" rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Cloudflare has a consensus rating of "Moderate Buy" and a consensus price target of $230.70.

About Cloudflare

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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