Rep. Josh Gottheimer Buys Cloudflare, Inc. (NYSE:NET) Shares

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 Stock Up 3.6%

Shares of NET traded up $6.91 during midday trading on Friday, reaching $198.49. 2,697,354 shares of the company were exchanged, compared to its average volume of 3,072,157. The stock has a 50-day moving average price of $180.09 and a 200-day moving average price of $146.22. The company has a market cap of $68.80 billion, a price-to-earnings ratio of -863.00 and a beta of 1.85. Cloudflare, Inc. has a 1-year low of $69.26 and a 1-year 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.

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). Cloudflare had a negative return on equity of 6.31% and a negative net margin of 4.62%. The business had revenue of $479.09 million during the quarter, compared to analyst estimates of $469.49 million. During the same quarter last year, the firm posted $0.16 EPS. The company's revenue was up 26.5% compared to the same quarter last year. Research analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

NET has been the topic of several recent analyst reports. Mizuho boosted their price target on Cloudflare from $155.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Robert W. Baird upped their price objective on Cloudflare from $148.00 to $175.00 and gave the company a "neutral" rating in a research note on Friday. Needham & Company LLC upped their price objective on Cloudflare from $145.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Oppenheimer restated an "outperform" rating and set a $200.00 price objective (up previously from $165.00) on shares of Cloudflare in a research note on Thursday, June 5th. Finally, Morgan Stanley restated an "overweight" rating and set a $225.00 price objective (up previously from $150.00) on shares of Cloudflare in a research note on Friday, July 11th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $159.92.

Institutional Investors Weigh In On Cloudflare

Several large investors have recently modified their holdings of the stock. Capital World Investors lifted its holdings in shares of Cloudflare by 0.7% in the fourth quarter. Capital World Investors now owns 35,409,307 shares of the company's stock valued at $3,812,942,000 after purchasing an additional 260,415 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Cloudflare by 1.8% in the first quarter. Vanguard Group Inc. now owns 30,836,909 shares of the company's stock valued at $3,475,011,000 after purchasing an additional 538,850 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Cloudflare by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 4,903,219 shares of the company's stock valued at $526,986,000 after purchasing an additional 68,661 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Cloudflare by 33.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company's stock valued at $352,610,000 after purchasing an additional 786,063 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Cloudflare by 34.5% during the first quarter. American Century Companies Inc. now owns 3,037,420 shares of the company's stock worth $342,287,000 after acquiring an additional 779,819 shares in the last quarter. 82.68% of the stock is owned by institutional investors.

Insider Buying and Selling at Cloudflare

In other news, CEO Matthew Prince sold 52,384 shares of the stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $184.58, for a total transaction of $9,669,038.72. Following the transaction, the chief executive officer owned 381,213 shares of the company's stock, valued at approximately $70,364,295.54. This represents a 12.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Thomas J. Seifert sold 34,270 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $200.17, for a total value of $6,859,825.90. Following the transaction, the chief financial officer directly owned 241,550 shares in the company, 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 sold 615,332 shares of company stock valued at $106,709,878 in the last quarter. Corporate 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.

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.