Cloudflare, Inc. (NYSE:NET - Get Free Report) CFO Thomas J. Seifert sold 15,000 shares of Cloudflare stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $73.97, for a total value of $1,109,550.00. Following the sale, the chief financial officer now directly owns 338,469 shares of the company's stock, valued at approximately $25,036,551.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Cloudflare Trading Down 0.1 %
NYSE:NET opened at $74.29 on Tuesday. Cloudflare, Inc. has a 12 month low of $44.60 and a 12 month high of $116.00. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 1.61. The company has a 50-day moving average price of $93.17 and a 200-day moving average price of $83.83. The stock has a market cap of $25.08 billion, a price-to-earnings ratio of -140.17 and a beta of 1.15.
Cloudflare (NYSE:NET - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. Cloudflare had a negative net margin of 13.10% and a negative return on equity of 12.78%. The business had revenue of $362.47 million during the quarter, compared to analyst estimates of $352.70 million. Equities analysts predict that Cloudflare, Inc. will post -0.2 EPS for the current year.
Institutional Investors Weigh In On Cloudflare
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in shares of Cloudflare during the 1st quarter valued at $27,000. Allspring Global Investments Holdings LLC lifted its position in Cloudflare by 595.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 278 shares of the company's stock valued at $27,000 after acquiring an additional 238 shares during the period. ICA Group Wealth Management LLC bought a new stake in Cloudflare during the fourth quarter worth about $38,000. GAMMA Investing LLC purchased a new stake in Cloudflare in the fourth quarter worth about $39,000. Finally, Pingora Partners LLC bought a new position in shares of Cloudflare during the fourth quarter valued at approximately $42,000. 82.68% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have recently commented on NET. Morgan Stanley boosted their price objective on Cloudflare from $66.00 to $92.00 and gave the stock an "equal weight" rating in a report on Monday, February 12th. Royal Bank of Canada increased their target price on Cloudflare from $95.00 to $108.00 and gave the company an "outperform" rating in a research note on Friday, February 9th. DZ Bank lowered Cloudflare from a "buy" rating to a "hold" rating and set a $110.00 price objective on the stock. in a research report on Tuesday, February 13th. JPMorgan Chase & Co. decreased their price target on shares of Cloudflare from $90.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday. Finally, Capital One Financial began coverage on shares of Cloudflare in a report on Wednesday, January 17th. They set an "equal weight" rating and a $83.00 target price on the stock. Four analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Cloudflare has a consensus rating of "Hold" and an average price target of $90.13.
View Our Latest Report on NET
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.
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