Insider Selling: Cloudflare (NYSE:NET) Director Sells 8,674 Shares of Stock

Cloudflare, Inc. (NYSE:NET) Director Carl Ledbetter sold 8,674 shares of Cloudflare stock in a transaction on Monday, December 29th. The stock was sold at an average price of $201.46, for a total transaction of $1,747,464.04. Following the transaction, the director directly owned 974,399 shares of the company’s stock, valued at $196,302,422.54. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, December 30th, Carl Ledbetter sold 192 shares of Cloudflare stock. The shares were sold at an average price of $201.25, for a total transaction of $38,640.00.
• On Monday, November 17th, Carl Ledbetter sold 15,000 shares of Cloudflare stock. The stock was 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 shares were sold at an average price of $210.65, for a total transaction of $3,159,750.00.

Cloudflare Trading Down 0.5%

Cloudflare stock traded down $0.96 during midday trading on Tuesday, reaching $199.75. The stock had a trading volume of 755,316 shares, compared to its average volume of 3,214,093. 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 firm has a market cap of $69.97 billion, a price-to-earnings ratio of -665.82 and a beta of 1.95. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00. The company has a fifty day moving average of $209.96 and a 200 day moving average of $205.80.

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 the consensus estimate of $0.23 by $0.04. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The business had revenue of $562.03 million during the quarter, compared to analyst estimates of $544.65 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. The company’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. On average, analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cloudflare

A number of institutional investors have recently added to or reduced their stakes in NET. Norges Bank purchased a new stake in shares of Cloudflare during the second quarter valued at about $541,462,000. Groupama Asset Managment bought a new position in shares of Cloudflare during the 2nd quarter worth approximately $225,204,000. Vanguard Group Inc. lifted its position in Cloudflare by 2.6% during the third quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company’s stock valued at $6,934,958,000 after acquiring an additional 821,684 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Cloudflare by 33.5% during the first 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 acquiring an additional 786,063 shares during the last quarter. Finally, KBC Group NV boosted its stake in Cloudflare by 1,388.7% in the second quarter. KBC Group NV now owns 736,153 shares of the company’s stock valued at $144,161,000 after acquiring an additional 686,702 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NET. Mizuho lifted their target price on Cloudflare from $240.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Guggenheim reaffirmed a “sell” rating on shares of Cloudflare in a research note on Tuesday, October 21st. Argus boosted their price objective on shares of Cloudflare from $238.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, November 10th. KeyCorp upped their target price on shares of Cloudflare from $235.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, DZ Bank raised shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 target price on the stock in a research report on Wednesday, November 5th. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $234.78.

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.