Cloudflare (NYSE:NET) Shares Acquired Rep. Josh Gottheimer

Key Points

• Representative Josh Gottheimer purchased shares of Cloudflare, Inc. (NYSE:NET) valued between $1,001 and $15,000 on June 20, as disclosed in a filing.
• Cloudflare's stock recently traded up by 4.0%, reaching $199.18, with a market capitalization of $69.04 billion.
• Analysts have varied outlooks on Cloudflare, with ratings ranging from buy to sell, and recent target price estimates are as high as $225 by some firms.
• In insider trading news, Cloudflare's CFO Thomas J. Seifert sold over $6.8 million in shares recently, reducing his ownership by 12.42%.

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Cloudflare, Inc. NYSE: NET. In a filing disclosed on July 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in Cloudflare stock on June 20th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/26/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/25/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/25/2025.
• Sold $1,001 - $15,000 in shares of ConocoPhillips NYSE: COP on 6/24/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 6/24/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/24/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/20/2025.
• Purchased $1,001 - $15,000 in shares of Carvana NYSE: CVNA on 6/20/2025.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 6/20/2025.
• Purchased $1,001 - $15,000 in shares of Insmed NASDAQ: INSM on 6/16/2025.

Cloudflare Price Performance

NYSE NET traded up $1.66 during trading hours on Tuesday, reaching $201.07. 1,672,145 shares of the company's stock were exchanged, compared to its average volume of 3,693,547. The stock has a market cap of $69.69 billion, a PE ratio of -873.23 and a beta of 1.85. Cloudflare, Inc. has a one year low of $69.26 and a one year high of $202.36. The firm has a fifty day moving average of $180.93 and a 200-day moving average of $147.04. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.90.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on NET shares. Morgan Stanley reiterated an "overweight" rating and set a $225.00 price target (up from $150.00) on shares of Cloudflare in a report on Friday, July 11th. KeyCorp started coverage on shares of Cloudflare in a report on Friday, June 6th. They set an "overweight" rating and a $210.00 price target for the company. DZ Bank reiterated a "sell" rating and set a $170.00 price target on shares of Cloudflare in a report on Tuesday, July 22nd. Robert W. Baird boosted their price objective on shares of Cloudflare from $148.00 to $175.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, JMP Securities boosted their price objective on shares of Cloudflare from $180.00 to $225.00 and gave the stock a "market outperform" rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has given a strong buy 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 $161.72.

Institutional Inflows and Outflows

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

Insider Activity at Cloudflare

In related news, CFO Thomas J. Seifert sold 10,000 shares of the business's stock in a transaction dated Monday, July 21st. The shares were 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 $47,858,301.50. The trade was a 3.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Thomas J. Seifert sold 34,270 shares of the company's 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 transaction, the chief financial officer directly owned 241,550 shares of the company's stock, valued at approximately $48,351,063.50. This represents a 12.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 615,332 shares of company stock valued at $106,709,878 in the last quarter. Company insiders own 10.89% of the company's stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.