Cloudflare, Inc. (NYSE:NET - Get Free Report) Director Carl Ledbetter sold 44,154 shares of the company's stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $94.37, for a total transaction of $4,166,812.98. Following the completion of the transaction, the director now directly owns 1,222,859 shares in the company, valued at approximately $115,401,203.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Carl Ledbetter also recently made the following trade(s):
- On Wednesday, April 3rd, Carl Ledbetter sold 7,991 shares of Cloudflare stock. The stock was sold at an average price of $94.05, for a total transaction of $751,553.55.
- On Wednesday, March 27th, Carl Ledbetter sold 9,993 shares of Cloudflare stock. The stock was sold at an average price of $100.16, for a total transaction of $1,000,898.88.
- On Wednesday, March 20th, Carl Ledbetter sold 7,968 shares of Cloudflare stock. The stock was sold at an average price of $95.08, for a total transaction of $757,597.44.
- On Wednesday, March 6th, Carl Ledbetter sold 8,022 shares of Cloudflare stock. The stock was sold at an average price of $98.35, for a total transaction of $788,963.70.
- On Wednesday, February 14th, Carl Ledbetter sold 44,220 shares of Cloudflare stock. The stock was sold at an average price of $100.16, for a total transaction of $4,429,075.20.
- On Wednesday, February 7th, Carl Ledbetter sold 7,962 shares of Cloudflare stock. The stock was sold at an average price of $81.42, for a total transaction of $648,266.04.
- On Wednesday, January 31st, Carl Ledbetter sold 10,031 shares of Cloudflare stock. The stock was sold at an average price of $80.91, for a total transaction of $811,608.21.
- On Wednesday, January 24th, Carl Ledbetter sold 7,982 shares of Cloudflare stock. The stock was sold at an average price of $85.06, for a total transaction of $678,948.92.
- On Monday, January 22nd, Carl Ledbetter sold 66,384 shares of Cloudflare stock. The stock was sold at an average price of $86.88, for a total transaction of $5,767,441.92.
- On Wednesday, January 17th, Carl Ledbetter sold 30,214 shares of Cloudflare stock. The stock was sold at an average price of $76.03, for a total transaction of $2,297,170.42.
Cloudflare Stock Up 1.3 %
A new way to collect income from stocks
From DTI | Ad
Most people think of BUYING options when they talk about options.
It’s how speculators leverage large sums of money hoping that a stock moves in the “right” direction over a certain period of time.
The problem is - they don’t always pay off when you buy them.
In fact, a contributing writer at the Financial Post studied options extensively…
Click here to see me place one of these trades LIVE on camera.
NET stock opened at $96.09 on Friday. Cloudflare, Inc. has a twelve month low of $39.90 and a twelve month high of $116.00. The business has a 50 day simple moving average of $96.24 and a 200-day simple moving average of $80.59. The company has a debt-to-equity ratio of 1.68, a current ratio of 3.50 and a quick ratio of 3.50.
Cloudflare (NYSE:NET - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. Cloudflare had a negative return on equity of 15.92% and a negative net margin of 14.19%. The firm had revenue of $362.47 million during the quarter, compared to the consensus estimate of $352.70 million. As a group, equities analysts expect that Cloudflare, Inc. will post -0.2 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Cloudflare from $66.00 to $92.00 and gave the stock an "equal weight" rating in a research note on Monday, February 12th. Wells Fargo & Company upped their target price on shares of Cloudflare from $95.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, February 9th. Cantor Fitzgerald restated a "neutral" rating and set a $100.00 target price (up from $70.00) on shares of Cloudflare in a research note on Friday, February 9th. Sanford C. Bernstein assumed coverage on shares of Cloudflare in a research note on Thursday, January 18th. They set a "market perform" rating and a $85.00 target price on the stock. Finally, Susquehanna upped their target price on shares of Cloudflare from $75.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, February 9th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Cloudflare has an average rating of "Hold" and a consensus target price of $87.50.
View Our Latest Analysis on NET
Institutional Investors Weigh In On Cloudflare
Several hedge funds have recently modified their holdings of NET. Moneta Group Investment Advisors LLC lifted its holdings in shares of Cloudflare by 131,133.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,073,501 shares of the company's stock worth $274,583,000 after purchasing an additional 6,068,873 shares during the period. Norges Bank acquired a new stake in shares of Cloudflare during the fourth quarter worth $124,592,000. 1832 Asset Management L.P. lifted its holdings in shares of Cloudflare by 121.2% during the fourth quarter. 1832 Asset Management L.P. now owns 2,916,600 shares of the company's stock worth $242,836,000 after purchasing an additional 1,597,900 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Cloudflare by 215.1% during the first quarter. Two Sigma Investments LP now owns 1,344,914 shares of the company's stock worth $82,927,000 after purchasing an additional 918,096 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Cloudflare by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 28,159,189 shares of the company's stock worth $2,344,534,000 after purchasing an additional 740,914 shares during the period. 82.68% of the stock is owned by institutional investors and hedge funds.
Cloudflare Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
