Cloudflare, Inc. (NYSE:NET - Get Free Report) Director Carl Ledbetter sold 10,015 shares of the business's stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $89.16, for a total value of $892,937.40. Following the completion of the sale, the director now owns 1,204,815 shares of the company's stock, valued at $107,421,305.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Carl Ledbetter also recently made the following trade(s):
- On Wednesday, April 17th, Carl Ledbetter sold 8,029 shares of Cloudflare stock. The shares were sold at an average price of $90.39, for a total value of $725,741.31.
- 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 transaction of $1,000,898.88.
- On Wednesday, March 20th, Carl Ledbetter sold 7,968 shares of Cloudflare stock. The shares were 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 shares were 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 shares were 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.
Cloudflare Trading Down 1.0 %
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NET opened at $86.76 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 3.50 and a current ratio of 3.50. Cloudflare, Inc. has a fifty-two week low of $39.90 and a fifty-two week high of $116.00. The company's 50-day moving average is $95.39 and its 200 day moving average is $82.50.
Cloudflare (NYSE:NET - Get Free Report) last posted its earnings results on Thursday, February 8th. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. The company had revenue of $362.47 million for the quarter, compared to analyst estimates of $352.70 million. Cloudflare had a negative net margin of 14.19% and a negative return on equity of 15.92%. On average, equities research analysts anticipate that Cloudflare, Inc. will post -0.2 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have recently issued reports on NET. Royal Bank of Canada upped their price target on shares of Cloudflare from $95.00 to $108.00 and gave the stock an "outperform" rating in a report on Friday, February 9th. JMP Securities boosted their price objective on shares of Cloudflare from $75.00 to $90.00 and gave the stock a "market outperform" rating in a research note on Wednesday, January 31st. DZ Bank cut shares of Cloudflare from a "buy" rating to a "hold" rating and set a $110.00 price objective on the stock. in a research note on Tuesday, February 13th. Wells Fargo & Company boosted their price objective 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Cloudflare from $53.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Cloudflare currently has a consensus rating of "Hold" and an average target price of $87.08.
View Our Latest Report on NET
Institutional Investors Weigh In On Cloudflare
Several institutional investors and hedge funds have recently added to or reduced their stakes in NET. Riverview Trust Co purchased a new stake in Cloudflare in the 1st quarter valued at about $27,000. Allspring Global Investments Holdings LLC increased its stake in Cloudflare by 595.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 278 shares of the company's stock valued at $27,000 after buying an additional 238 shares during the last quarter. ICA Group Wealth Management LLC purchased a new stake in Cloudflare in the 4th quarter valued at about $38,000. GAMMA Investing LLC purchased a new stake in Cloudflare in the 4th quarter valued at about $39,000. Finally, Pingora Partners LLC purchased a new stake in Cloudflare in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 82.68% of the company's stock.
About Cloudflare
(
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.
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