Cloudflare (NYSE:NET) Shares Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of Cloudflare, Inc. NYSE: NET. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Cloudflare stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Cloudflare Price Performance

NYSE:NET traded up $6.91 during trading hours on Friday, hitting $198.49. 2,696,875 shares of the stock were exchanged, compared to its average volume of 3,709,765. Cloudflare, Inc. has a 52-week low of $69.26 and a 52-week high of $200.76. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.90. The firm's fifty day moving average price is $179.27 and its 200 day moving average price is $145.43. The company has a market cap of $68.80 billion, a P/E ratio of -863.00 and a beta of 1.85.

Cloudflare (NYSE:NET - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company had revenue of $479.09 million for the quarter, compared to analysts' expectations of $469.49 million. Cloudflare had a negative return on equity of 6.31% and a negative net margin of 4.62%. Cloudflare's revenue for the quarter was up 26.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS. As a group, equities research analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Cloudflare

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mather Group LLC. lifted its stake in shares of Cloudflare by 1,188.2% in the first quarter. Mather Group LLC. now owns 219 shares of the company's stock worth $25,000 after buying an additional 202 shares in the last quarter. NBC Securities Inc. acquired a new stake in Cloudflare in the 1st quarter valued at about $27,000. GPS Wealth Strategies Group LLC lifted its holdings in Cloudflare by 213.4% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company's stock valued at $29,000 after purchasing an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Cloudflare by 115.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the company's stock worth $30,000 after acquiring an additional 142 shares during the period. Finally, Hilltop National Bank purchased a new stake in shares of Cloudflare during the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 82.68% of the company's stock.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 10,000 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $198.13, for a total value of $1,981,300.00. Following the sale, the chief financial officer directly owned 241,550 shares in the company, valued at approximately $47,858,301.50. This trade represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Thomas J. Seifert sold 34,270 shares of Cloudflare stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $200.17, for a total transaction of $6,859,825.90. Following the sale, the chief financial officer owned 241,550 shares in the company, valued at approximately $48,351,063.50. This represents a 12.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 615,332 shares of company stock valued at $106,709,878. Corporate insiders own 10.89% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on NET. Oppenheimer restated an "outperform" rating and set a $200.00 price objective (up previously from $165.00) on shares of Cloudflare in a research report on Thursday, June 5th. UBS Group upped their price objective on Cloudflare from $145.00 to $200.00 and gave the company a "neutral" rating in a research note on Thursday. Wells Fargo & Company increased their price objective on Cloudflare from $200.00 to $225.00 and gave the company an "overweight" rating in a research report on Monday. Capital One Financial raised Cloudflare from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 8th. Finally, Piper Sandler restated a "neutral" rating and issued a $151.00 price objective (up previously from $112.00) on shares of Cloudflare in a report on Friday, May 9th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $159.92.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.