Cloudflare (NYSE:NET) Director Sells $26,485.10 in Stock

Cloudflare, Inc. (NYSE:NET) Director Mark Hawkins sold 134 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $197.65, for a total transaction of $26,485.10. Following the sale, the director directly owned 10,856 shares in the company, valued at $2,145,688.40. The trade was a 1.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cloudflare Stock Performance

NET opened at $204.14 on Friday. The firm has a fifty day moving average price of $215.32 and a 200 day moving average price of $201.22. Cloudflare, Inc. has a 1 year low of $89.42 and a 1 year high of $260.00. The stock has a market cap of $71.51 billion, a P/E ratio of -680.47 and a beta of 1.94. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04.

Cloudflare (NYSE:NET) last announced its 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. The firm had revenue of $562.03 million for the quarter, compared to analyst estimates of $544.65 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The business’s revenue was up 30.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. Equities research analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Physician Wealth Advisors Inc. raised its position in Cloudflare by 693.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after purchasing an additional 104 shares in the last quarter. Wiser Advisor Group LLC purchased a new stake in shares of Cloudflare during the third quarter worth approximately $26,000. Westside Investment Management Inc. raised its holdings in Cloudflare by 100.0% in the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after acquiring an additional 65 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Cloudflare in the second quarter worth approximately $29,000. Finally, ORG Wealth Partners LLC grew its holdings in Cloudflare by 101.4% during the 3rd quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock worth $30,000 after acquiring an additional 70 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NET. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research note on Wednesday, October 8th. Royal Bank Of Canada raised their price objective 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. Wells Fargo & Company boosted their target price on shares of Cloudflare from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Argus increased their price target on shares of Cloudflare from $238.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Finally, JMP Securities set a $270.00 price objective on Cloudflare in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Cloudflare currently has a consensus rating of “Moderate Buy” and an average target price of $235.33.

About Cloudflare

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.