Insider Selling: Cloudflare (NYSE:NET) CFO Sells 12,500 Shares of Stock

Cloudflare, Inc. (NYSE:NET) CFO Thomas Seifert sold 12,500 shares of the stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $299.59, for a total value of $3,744,875.00. Following the completion of the transaction, the chief financial officer directly owned 104,958 shares in the company, valued at $31,444,367.22. This represents a 10.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cloudflare Trading Up 0.5%

Shares of NYSE:NET traded up $1.48 during trading on Monday, hitting $297.78. The stock had a trading volume of 3,050,445 shares, compared to its average volume of 2,932,626. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $370.35. The stock has a 50-day simple moving average of $319.26 and a two-hundred day simple moving average of $265.13.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating 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 firm had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Cloudflare’s revenue for the quarter 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. Sell-side analysts predict that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cloudflare

Several hedge funds have recently bought and sold shares of the stock. GK Wealth Management LLC purchased a new position in shares of Cloudflare during the 3rd quarter valued at approximately $25,000. Toth Financial Advisory Corp acquired a new position in shares of Cloudflare in the 3rd quarter valued at $36,000. Cornerstone Financial Management LLC boosted its holdings in Cloudflare by 65.3% during the second quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock worth $29,000 after buying an additional 47 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Cloudflare during the second quarter worth $30,000. Finally, CX Institutional boosted its holdings in Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after buying an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

NET has been the subject of several recent research reports. Wells Fargo & Company raised their target price on shares of Cloudflare from $300.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Jefferies Financial Group set a $350.00 price target on shares of Cloudflare in a report on Friday, August 7th. Robert W. Baird set a $330.00 price target on Cloudflare in a research report on Friday, August 7th. Truist Financial increased their price target on Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, TD Cowen lifted their price objective on Cloudflare from $355.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $330.59.

About Cloudflare

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.