Cloudflare, Inc. (NYSE:NET - Get Free Report) Director Carl Ledbetter sold 8,029 shares of the firm's stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $90.39, for a total value of $725,741.31. Following the transaction, the director now owns 1,214,830 shares in the company, valued at $109,808,483.70. The sale was disclosed in a document filed with the SEC, which is available at this link.
Carl Ledbetter also recently made the following trade(s):
- On Wednesday, April 10th, Carl Ledbetter sold 44,154 shares of Cloudflare stock. The shares were sold at an average price of $94.37, for a total transaction of $4,166,812.98.
- On Wednesday, April 3rd, Carl Ledbetter sold 7,991 shares of Cloudflare stock. The shares were 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 shares were sold at an average price of $100.16, for a total value 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 value 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 value 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 shares were 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 shares were sold at an average price of $85.06, for a total value of $678,948.92.
- On Monday, January 22nd, Carl Ledbetter sold 66,384 shares of Cloudflare stock. The shares were sold at an average price of $86.88, for a total value of $5,767,441.92.
Cloudflare Price Performance
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Cloudflare stock opened at $86.71 on Friday. The business's fifty day simple moving average is $96.86 and its two-hundred day simple moving average is $81.63. 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, Inc. has a 12 month low of $39.90 and a 12 month high of $116.00.
Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $352.70 million. Equities analysts expect that Cloudflare, Inc. will post -0.2 earnings per share for the current year.
Institutional Trading of Cloudflare
Large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its position in Cloudflare by 595.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 278 shares of the company's stock valued at $27,000 after purchasing an additional 238 shares during the period. Diversified Trust Co lifted its holdings in shares of Cloudflare by 52.8% during the 1st quarter. Diversified Trust Co now owns 5,337 shares of the company's stock valued at $517,000 after buying an additional 1,845 shares during the period. 180 Wealth Advisors LLC purchased a new position in shares of Cloudflare in the 1st quarter worth $205,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Cloudflare by 5.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 21,126 shares of the company's stock worth $2,046,000 after acquiring an additional 1,163 shares during the period. Finally, Riverview Trust Co purchased a new stake in Cloudflare during the first quarter valued at $27,000. 82.68% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Capital One Financial initiated coverage on shares of Cloudflare in a report on Wednesday, January 17th. They set an "equal weight" rating and a $83.00 price objective on the stock. Wells Fargo & Company raised their price objective on shares of Cloudflare from $95.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, February 9th. JPMorgan Chase & Co. boosted their target price on shares of Cloudflare from $53.00 to $90.00 and gave the company a "neutral" rating in a report on Friday, February 9th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $100.00 price target on shares of Cloudflare in a report on Wednesday. Finally, JMP Securities lifted their price target on Cloudflare from $75.00 to $90.00 and gave the company a "market outperform" rating in a research report on Wednesday, January 31st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Cloudflare currently has an average rating of "Hold" and an average price target of $87.08.
View Our Latest Stock Analysis on Cloudflare
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.
Further Reading
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