Key Points
- Director Mark Hawkins sold 134 shares on December 1 at an average price of $197.65 for $26,485.10, trimming his stake by 1.22% to 10,856 shares (about $2.15M); the trade was disclosed in an SEC filing.
- Cloudflare beat Q3 estimates with $0.27 EPS and $562.0M revenue (up 30.7% YoY) but remains unprofitable (negative net margin and ROE); analysts have raised price targets (consensus ~$235.33, with some as high as $300) while the company provided FY2025 EPS guidance of 0.91.
Cloudflare, Inc. (NYSE:NET - Get Free Report) Director Mark Hawkins sold 134 shares of the firm's stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $197.65, for a total value of $26,485.10. Following the completion of the transaction, the director owned 10,856 shares of the company's stock, valued at approximately $2,145,688.40. The trade was a 1.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Cloudflare Stock Performance
Shares of Cloudflare stock opened at $201.33 on Wednesday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $70.52 billion, a P/E ratio of -671.10 and a beta of 1.94. The business has a fifty day simple moving average of $215.87 and a two-hundred day simple moving average of $201.18. Cloudflare, Inc. has a 12 month low of $89.42 and a 12 month high of $260.00.
Cloudflare (NYSE:NET - Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The company had revenue of $562.03 million during the quarter, compared to analysts' expectations of $544.65 million. During the same period last year, the company posted $0.20 EPS. Cloudflare's revenue was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. On average, equities analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of NET. IFP Advisors Inc boosted its position in shares of Cloudflare by 14.8% during the third quarter. IFP Advisors Inc now owns 2,353 shares of the company's stock valued at $505,000 after buying an additional 304 shares during the last quarter. Groupama Asset Managment lifted its stake in Cloudflare by 82.6% during the 3rd quarter. Groupama Asset Managment now owns 2,100,000 shares of the company's stock valued at $450,639,000 after acquiring an additional 950,000 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in shares of Cloudflare during the 3rd quarter valued at about $1,300,000. CIBC Private Wealth Group LLC grew its stake in shares of Cloudflare by 7.6% in the third quarter. CIBC Private Wealth Group LLC now owns 579,137 shares of the company's stock worth $124,277,000 after acquiring an additional 41,095 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Cloudflare during the third quarter valued at approximately $2,389,000. Hedge funds and other institutional investors own 82.68% of the company's stock.
Analysts Set New Price Targets
NET has been the topic of a number of analyst reports. Citizens Jmp boosted their price target on Cloudflare from $250.00 to $270.00 and gave the stock a "market outperform" rating in a research report on Friday, October 31st. Mizuho boosted their target price on Cloudflare from $240.00 to $280.00 and gave the stock an "outperform" rating in a report on Friday, October 31st. Needham & Company LLC increased their target price on Cloudflare from $240.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday, October 31st. Weiss Ratings restated a "sell (d-)" rating on shares of Cloudflare in a report on Wednesday, October 8th. Finally, KeyCorp upped their price target on shares of Cloudflare from $235.00 to $300.00 and gave the stock an "overweight" rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $235.33.
Get Our Latest Stock Analysis on NET
About Cloudflare
(
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.
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