Mark Hawkins Sells 1,000 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) Director Mark Hawkins sold 1,000 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $254.15, for a total value of $254,150.00. Following the completion of the sale, the director directly owned 10,990 shares of the company’s stock, valued at $2,793,108.50. The trade was a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Cloudflare Stock Down 2.1%

NYSE NET traded down $5.38 on Monday, reaching $247.92. The company had a trading volume of 4,312,055 shares, compared to its average volume of 3,331,233. The stock has a market capitalization of $86.39 billion, a P/E ratio of -826.39 and a beta of 1.99. The company’s fifty day moving average is $217.57 and its 200 day moving average is $187.93. Cloudflare, Inc. has a 52-week low of $85.60 and a 52-week high of $260.00. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates 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 $430.08 million during the quarter, compared to analyst estimates of $544.87 million. During the same period in the prior year, the firm posted $0.20 EPS. Cloudflare’s quarterly revenue was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. Sell-side analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Susquehanna raised their target price on Cloudflare from $205.00 to $260.00 and gave the company a “neutral” rating in a research report on Monday. Citigroup raised their target price on Cloudflare from $255.00 to $318.00 and gave the company a “buy” rating in a research report on Monday. DZ Bank reaffirmed a “sell” rating and set a $170.00 target price on shares of Cloudflare in a research report on Tuesday, July 22nd. Mizuho raised their target price on Cloudflare from $240.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday. Finally, KeyCorp upped their price objective on shares of Cloudflare from $235.00 to $300.00 and gave the company an “overweight” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Cloudflare currently has an average rating of “Moderate Buy” and an average price target of $231.48.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NET. Norges Bank purchased a new position in shares of Cloudflare during the 2nd quarter valued at about $541,462,000. Groupama Asset Managment purchased a new position in shares of Cloudflare during the 2nd quarter valued at about $225,204,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Cloudflare by 33.5% during 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 in the last quarter. Nuveen LLC purchased a new position in shares of Cloudflare during the 1st quarter valued at about $88,203,000. Finally, American Century Companies Inc. raised its holdings in shares of Cloudflare by 34.5% during the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock valued at $342,287,000 after buying an additional 779,819 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.

Cloudflare Company Profile

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.