Insider Selling: Cloudflare (NYSE:NET) Director Sells 2,031 Shares of Stock

Cloudflare, Inc. (NYSE:NET) Director Katrin Suder sold 2,031 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $200.00, for a total value of $406,200.00. Following the transaction, the director directly owned 37,723 shares of the company’s stock, valued at approximately $7,544,600. This represents a 5.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Katrin Suder also recently made the following trade(s):

• On Wednesday, November 19th, Katrin Suder sold 2,031 shares of Cloudflare stock. The shares were sold at an average price of $196.38, for a total value of $398,847.78.
• On Wednesday, November 19th, Katrin Suder sold 2,031 shares of Cloudflare stock. The stock was sold at an average price of $196.38, for a total transaction of $398,847.78.

Cloudflare Trading Up 0.0%

Shares of NYSE NET traded up $0.01 during midday trading on Tuesday, reaching $202.07. The stock had a trading volume of 1,443,579 shares, compared to its average volume of 3,250,085. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a market cap of $70.78 billion, a price-to-earnings ratio of -673.58 and a beta of 1.95. The company’s 50 day moving average price is $211.16 and its 200 day moving average price is $204.94. Cloudflare, Inc. has a twelve month low of $89.42 and a twelve month high of $260.00.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. The company 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 firm’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. As a group, sell-side analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NET. UBS Group increased their price objective on shares of Cloudflare from $240.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Scotiabank increased their price target on Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a report on Friday, October 31st. JMP Securities set a $270.00 price target on shares of Cloudflare in a research report on Friday, October 31st. KeyCorp upped their price objective on shares of Cloudflare from $235.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, Barclays initiated coverage on shares of Cloudflare in a research note on Tuesday, December 2nd. They issued an “overweight” rating and a $235.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $234.78.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in Cloudflare by 41.3% in the 1st quarter. Wellington Management Group LLP now owns 8,382 shares of the company’s stock valued at $945,000 after buying an additional 2,452 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Cloudflare by 18.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 935,920 shares of the company’s stock valued at $105,470,000 after acquiring an additional 148,578 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Cloudflare by 22.2% during the first quarter. Ameriprise Financial Inc. now owns 616,151 shares of the company’s stock worth $74,517,000 after acquiring an additional 112,122 shares during the period. Compound Planning Inc. boosted its position in Cloudflare by 21.9% in the first quarter. Compound Planning Inc. now owns 3,617 shares of the company’s stock worth $408,000 after purchasing an additional 651 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its stake in Cloudflare by 9.7% in the 1st quarter. Kestra Advisory Services LLC now owns 26,792 shares of the company’s stock valued at $3,019,000 after purchasing an additional 2,359 shares during the period. 82.68% of the stock is owned by institutional investors.

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.