Cloudflare, Inc. (NYSE:NET - Get Free Report) Director Carl Ledbetter sold 8,022 shares of the business's stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $87.49, for a total transaction of $701,844.78. Following the completion of the sale, the director now directly owns 1,196,793 shares in the company, valued at approximately $104,707,419.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Carl Ledbetter also recently made the following trade(s):
- On Wednesday, April 24th, Carl Ledbetter sold 10,015 shares of Cloudflare stock. The stock was sold at an average price of $89.16, for a total transaction of $892,937.40.
- On Wednesday, April 17th, Carl Ledbetter sold 8,029 shares of Cloudflare stock. The stock was sold at an average price of $90.39, for a total transaction of $725,741.31.
- On Wednesday, April 10th, Carl Ledbetter sold 44,154 shares of Cloudflare stock. The stock was 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 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.
Cloudflare Trading Up 1.0 %
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Shares of Cloudflare stock opened at $88.94 on Friday. The company has a market capitalization of $30.03 billion, a price-to-earnings ratio of -161.71 and a beta of 1.15. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 1.68. Cloudflare, Inc. has a 12-month low of $39.90 and a 12-month high of $116.00. The firm's 50-day moving average price is $94.15 and its two-hundred day moving average price is $83.39.
Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. The firm had revenue of $362.47 million for the quarter, compared to the consensus estimate of $352.70 million. Cloudflare had a negative net margin of 14.19% and a negative return on equity of 15.92%. On average, analysts forecast that Cloudflare, Inc. will post -0.2 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Cloudflare
Hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG boosted its stake in shares of Cloudflare by 5.1% in the 3rd quarter. Deutsche Bank AG now owns 1,352,203 shares of the company's stock valued at $85,243,000 after purchasing an additional 65,596 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Cloudflare during the 3rd quarter worth approximately $569,000. International Assets Investment Management LLC acquired a new stake in Cloudflare during the 4th quarter worth approximately $11,639,000. Blueshift Asset Management LLC boosted its position in Cloudflare by 100.2% during the 3rd quarter. Blueshift Asset Management LLC now owns 25,926 shares of the company's stock worth $1,634,000 after buying an additional 12,974 shares during the period. Finally, LA Financiere DE L Echiquier boosted its position in Cloudflare by 4.5% during the 4th quarter. LA Financiere DE L Echiquier now owns 407,600 shares of the company's stock worth $33,937,000 after buying an additional 17,600 shares during the period. 82.68% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have commented on NET shares. Wells Fargo & Company upped their price objective on shares of Cloudflare from $95.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, February 9th. DZ Bank downgraded shares of Cloudflare from a "buy" rating to a "hold" rating and set a $110.00 price objective on the stock. in a report on Tuesday, February 13th. KeyCorp upped their price objective on shares of Cloudflare from $94.00 to $132.00 and gave the company an "overweight" rating in a report on Friday, February 9th. Mizuho decreased their price objective on shares of Cloudflare from $105.00 to $95.00 and set a "neutral" rating on the stock in a report on Monday, April 15th. Finally, Capital One Financial started coverage on shares of Cloudflare in a report on Wednesday, January 17th. They issued an "equal weight" rating and a $83.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $89.09.
View Our Latest Analysis on Cloudflare
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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