Cloudflare (NYSE:NET) Director Mark Hawkins Sells 134 Shares

Cloudflare, Inc. (NYSE:NET) Director Mark Hawkins sold 134 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $198.90, for a total value of $26,652.60. Following the transaction, the director directly owned 10,722 shares of the company’s stock, valued at approximately $2,132,605.80. This trade represents a 1.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cloudflare Stock Up 0.2%

Shares of NET stock traded up $0.35 during trading on Tuesday, reaching $198.01. The company’s stock had a trading volume of 2,484,442 shares, compared to its average volume of 2,124,918. The business has a fifty day moving average price of $208.04 and a 200-day moving average price of $206.46. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. The company has a market cap of $69.36 billion, a price-to-earnings ratio of -660.03, a price-to-earnings-growth ratio of 128.93 and a beta of 1.96. Cloudflare, Inc. has a one year low of $89.42 and a one year high of $260.00.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, October 30th. The company reported $0.27 earnings per share 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 business had revenue of $562.03 million during the quarter, compared to the consensus estimate of $544.65 million. During the same quarter last year, the firm earned $0.20 earnings per share. The firm’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 year.

Analysts Set New Price Targets

A number of research firms have weighed in on NET. Wells Fargo & Company raised their price target on Cloudflare from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. DZ Bank raised Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 price objective for the company in a report on Wednesday, November 5th. KeyCorp raised their target price on shares of Cloudflare from $235.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Guggenheim restated a “sell” rating on shares of Cloudflare in a report on Tuesday, October 21st. Finally, Scotiabank upped their price target on shares of Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a research report 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $233.70.

Hedge Funds Weigh In On Cloudflare

A number of hedge funds have recently added to or reduced their stakes in NET. Norges Bank bought a new position in shares of Cloudflare in the second quarter worth $541,462,000. Groupama Asset Managment bought a new stake in Cloudflare during the second quarter worth about $225,204,000. Vanguard Group Inc. grew its stake in Cloudflare by 2.6% during the third quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company’s stock worth $6,934,958,000 after buying an additional 821,684 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Cloudflare by 33.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock valued at $352,610,000 after buying an additional 786,063 shares during the period. Finally, KBC Group NV increased its holdings in Cloudflare by 1,388.7% in the 2nd quarter. KBC Group NV now owns 736,153 shares of the company’s stock valued at $144,161,000 after buying an additional 686,702 shares during the period. 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.