Key Points
- CFO Thomas Seifert sold 41,555 shares on November 20 at an average price of $194.18 for a total of $8,069,149.90, trimming his holdings by 23.21% to 137,486 shares valued at about $26.7 million.
- Shares fell about 2.5% to $186.56 on Friday on ~3.32 million shares traded (vs. a ~3.63M average), with Cloudflare carrying a market cap near $65.35 billion.
- Cloudflare beat Q3 estimates with $0.27 EPS and $562.03M revenue (up 30.7% YoY) and guided Q4/FY2025 EPS to 0.27/0.91; analysts' consensus is a Moderate Buy with an average target of $235.35.
Cloudflare, Inc. (NYSE:NET - Get Free Report) CFO Thomas Seifert sold 41,555 shares of the company's stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $194.18, for a total value of $8,069,149.90. Following the transaction, the chief financial officer directly owned 137,486 shares of the company's stock, valued at $26,697,031.48. The trade was a 23.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Cloudflare Trading Down 2.5%
Shares of NET stock traded down $4.83 during trading hours on Friday, reaching $186.56. The company's stock had a trading volume of 3,321,292 shares, compared to its average volume of 3,627,784. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. Cloudflare, Inc. has a one year low of $89.42 and a one year high of $260.00. The stock has a market capitalization of $65.35 billion, a P/E ratio of -621.87 and a beta of 2.10. The firm's fifty day simple moving average is $219.41 and its 200 day simple moving average is $197.50.
Cloudflare (NYSE:NET - Get Free Report) last announced its earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.04. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The company had revenue of $562.03 million during the quarter, compared to the consensus estimate of $544.87 million. During the same quarter in the prior year, the company earned $0.20 earnings per share. The firm's revenue for the quarter was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. Equities research analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. Guggenheim reaffirmed a "sell" rating on shares of Cloudflare in a research note on Tuesday, October 21st. Robert W. Baird set a $220.00 price objective on shares of Cloudflare in a report on Friday, October 31st. Morgan Stanley lifted their price objective on Cloudflare from $225.00 to $235.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Oppenheimer started coverage on Cloudflare in a report on Monday, November 10th. They set an "outperform" rating and a $260.00 target price on the stock. Finally, Citizens Jmp raised their target price on Cloudflare from $250.00 to $270.00 and gave the company a "market outperform" rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cloudflare currently has a consensus rating of "Moderate Buy" and an average target price of $235.35.
Check Out Our Latest Analysis on NET
Institutional Trading of Cloudflare
Hedge funds have recently made changes to their positions in the stock. Physician Wealth Advisors Inc. increased its position in Cloudflare by 693.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company's stock valued at $26,000 after buying an additional 104 shares in the last quarter. Wiser Advisor Group LLC purchased a new stake in shares of Cloudflare in the third quarter worth $26,000. Westside Investment Management Inc. grew its stake in shares of Cloudflare by 100.0% in the third quarter. Westside Investment Management Inc. now owns 130 shares of the company's stock worth $28,000 after acquiring an additional 65 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of Cloudflare during the second quarter valued at $29,000. Finally, ORG Wealth Partners LLC raised its position in shares of Cloudflare by 101.4% in the 3rd quarter. ORG Wealth Partners LLC now owns 139 shares of the company's stock worth $30,000 after purchasing an additional 70 shares during the last quarter. 82.68% of the stock is owned by institutional investors.
Cloudflare Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
