Insider Selling: Cloudflare (NYSE:NET) Director Sells 192 Shares of Stock

Cloudflare, Inc. (NYSE:NET) Director Carl Ledbetter sold 192 shares of the stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $201.25, for a total transaction of $38,640.00. Following the completion of the sale, the director directly owned 974,207 shares of the company’s stock, valued at $196,059,158.75. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Carl Ledbetter also recently made the following trade(s):

• On Monday, December 29th, Carl Ledbetter sold 8,674 shares of Cloudflare stock. The shares were sold at an average price of $201.46, for a total transaction of $1,747,464.04.
• On Monday, November 17th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The shares were sold at an average price of $207.96, for a total transaction of $3,119,400.00.
• On Monday, October 20th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The stock was sold at an average price of $210.65, for a total transaction of $3,159,750.00.

Cloudflare Stock Down 0.5%

Shares of NYSE:NET traded down $0.96 during trading on Tuesday, reaching $199.75. 755,316 shares of the company traded hands, compared to its average volume of 3,214,093. The firm has a fifty day simple moving average of $209.96 and a 200 day simple moving average of $205.80. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. Cloudflare, Inc. has a 1-year low of $89.42 and a 1-year high of $260.00. The firm has a market cap of $69.97 billion, a P/E ratio of -665.82 and a beta of 1.95.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, topping 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 business had revenue of $562.03 million for the quarter, compared to the consensus estimate of $544.65 million. During the same period in the prior year, the business posted $0.20 earnings per share. Cloudflare’s revenue for the quarter was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. Analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NET has been the subject of several research reports. Guggenheim reiterated a “sell” rating on shares of Cloudflare in a report on Tuesday, October 21st. UBS Group raised their price objective on shares of Cloudflare from $240.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Susquehanna lifted their target price on shares of Cloudflare from $205.00 to $260.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Royal Bank Of Canada boosted their target price on shares of Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Piper Sandler raised their price target on shares of Cloudflare from $224.00 to $249.00 and gave the company a “neutral” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Cloudflare has an average rating of “Moderate Buy” and an average price target of $234.78.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Sherman Porfolios LLC bought a new stake in Cloudflare during the third quarter valued at about $203,000. AIA Group Ltd increased its stake in shares of Cloudflare by 14.3% in the third quarter. AIA Group Ltd now owns 63,753 shares of the company’s stock worth $13,681,000 after purchasing an additional 7,997 shares during the period. IFP Advisors Inc lifted its position in shares of Cloudflare by 14.8% during the 3rd quarter. IFP Advisors Inc now owns 2,353 shares of the company’s stock worth $505,000 after purchasing an additional 304 shares during the last quarter. Groupama Asset Managment boosted 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 purchasing an additional 950,000 shares during the period. Finally, Polar Asset Management Partners Inc. bought a new stake in Cloudflare during the 3rd quarter valued at approximately $1,300,000. Institutional investors own 82.68% of the company’s stock.

About Cloudflare

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.