Key Points
- Cloudflare director Carl Ledbetter sold 5,000 shares at an average price of $304.40, generating $1.52 million. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan, leaving him with 868,073 shares.
- Cloudflare shares opened at $297.78, compared with a 52-week range of $158.83 to $370.35. The stock’s consensus analyst rating is “Moderate Buy”, with an average price target of $330.59.
- The company recently exceeded quarterly earnings and revenue expectations, reporting $0.29 in EPS and $696.06 million in revenue, up 35.9% year over year, while institutional investors own 82.68% of its shares.
Cloudflare, Inc. (NYSE:NET - Get Free Report) Director Carl Ledbetter sold 5,000 shares of the business's stock in a transaction on Monday, October 19th. The shares were sold at an average price of $304.40, for a total transaction of $1,522,000.00. Following the completion of the sale, the director directly owned 868,073 shares in the company, valued at $264,241,421.20. This represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Carl Ledbetter also recently made the following trade(s):
- On Tuesday, September 22nd, Carl Ledbetter sold 5,000 shares of Cloudflare stock. The stock was sold at an average price of $353.15, for a total value of $1,765,750.00.
- On Monday, September 14th, Carl Ledbetter sold 5,000 shares of Cloudflare stock. The shares were sold at an average price of $312.22, for a total value of $1,561,100.00.
- On Thursday, August 6th, Carl Ledbetter sold 5,000 shares of Cloudflare stock. The shares were sold at an average price of $281.98, for a total value of $1,409,900.00.
Cloudflare Price Performance
Shares of Cloudflare stock opened at $297.78 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. The stock's 50-day moving average is $319.26 and its 200-day moving average is $265.13. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $370.35.
Cloudflare (NYSE:NET - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%. The business had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. During the same period last year, the company earned $0.21 earnings per share. Cloudflare's quarterly revenue was up 35.9% on a year-over-year basis. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Research analysts anticipate that Cloudflare, Inc. will post 0.03 earnings per share for the current year.
Institutional Trading of Cloudflare
Several institutional investors and hedge funds have recently bought and sold shares of NET. GK Wealth Management LLC acquired a new position in shares of Cloudflare during the 3rd quarter worth approximately $25,000. Toth Financial Advisory Corp bought a new stake in Cloudflare in the 3rd quarter valued at $36,000. Cornerstone Financial Management LLC lifted its holdings in Cloudflare by 65.3% during the 2nd quarter. Cornerstone Financial Management LLC now owns 119 shares of the company's stock valued at $29,000 after purchasing an additional 47 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in Cloudflare during the 2nd quarter valued at $30,000. Finally, CX Institutional lifted its holdings in Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company's stock valued at $33,000 after purchasing an additional 44 shares during the last quarter. Institutional investors own 82.68% of the company's stock.
Analyst Upgrades and Downgrades
NET has been the subject of several analyst reports. Guggenheim raised their price objective on Cloudflare from $140.00 to $160.00 and gave the company a "sell" rating in a report on Friday, August 7th. Truist Financial upped their target price on Cloudflare from $300.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Citizens Jmp reiterated a "market outperform" rating and set a $394.00 target price on shares of Cloudflare in a report on Monday, August 31st. Mizuho increased their price target on Cloudflare from $260.00 to $310.00 and gave the company an "outperform" rating in a research report on Wednesday, July 15th. Finally, Oppenheimer raised their price target on Cloudflare from $380.00 to $430.00 and gave the company an "outperform" rating in a research note on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $330.59.
Check Out Our Latest Stock Report on Cloudflare
About Cloudflare
(
Get Free Report)
Cloudflare, Inc (NYSE: NET) provides cloud connectivity, security and performance services for websites, applications, corporate networks and other internet-connected resources. Its global network is designed to help organizations improve the reliability, speed and security of digital services while reducing the complexity of managing internet infrastructure.
The company's offerings include content delivery and authoritative domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.
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