Cloudflare, Inc. (NYSE:NET - Get Free Report) CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $72.51, for a total value of $3,798,363.84. Following the completion of the transaction, the chief executive officer now owns 230,612 shares in the company, valued at $16,721,676.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Matthew Prince also recently made the following trade(s):
- On Monday, May 6th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $74.67, for a total value of $3,911,513.28.
- On Thursday, April 11th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $95.29, for a total value of $4,991,671.36.
- On Tuesday, April 9th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $96.04, for a total value of $5,030,959.36.
- On Thursday, March 14th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $94.25, for a total value of $4,937,192.00.
- On Tuesday, March 12th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $96.66, for a total value of $5,063,437.44.
- On Friday, February 23rd, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $98.75, for a total value of $5,172,920.00.
- On Wednesday, February 21st, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $94.59, for a total value of $4,955,002.56.
Cloudflare Price Performance
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NET stock opened at $72.45 on Thursday. The stock has a 50-day moving average price of $92.19 and a two-hundred day moving average price of $83.85. Cloudflare, Inc. has a 12-month low of $45.47 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 market cap of $24.46 billion, a PE ratio of -136.70 and a beta of 1.15.
Cloudflare (NYSE:NET - Get Free Report) last posted 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 12.78% and a negative net margin of 13.10%. The firm had revenue of $362.47 million during the quarter, compared to the consensus estimate of $352.70 million. As a group, research analysts predict that Cloudflare, Inc. will post -0.2 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on NET shares. Morgan Stanley lifted their price target on Cloudflare from $66.00 to $92.00 and gave the company an "equal weight" rating in a research note on Monday, February 12th. DZ Bank raised Cloudflare from a "hold" rating to a "buy" rating and set a $95.00 price target for the company in a report on Tuesday. Susquehanna cut their price target on Cloudflare from $115.00 to $80.00 and set a "neutral" rating for the company in a report on Monday. Capital One Financial began coverage on Cloudflare in a report on Wednesday, January 17th. They issued an "equal weight" rating and a $83.00 price target for the company. Finally, JMP Securities boosted their price target on Cloudflare from $75.00 to $90.00 and gave the stock a "market outperform" rating in a report on Wednesday, January 31st. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $89.48.
View Our Latest Stock Report on Cloudflare
Institutional Investors Weigh In On Cloudflare
Institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its position in shares of Cloudflare by 5.1% in the third quarter. Deutsche Bank AG now owns 1,352,203 shares of the company's stock worth $85,243,000 after buying an additional 65,596 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in Cloudflare in the third quarter valued at about $569,000. International Assets Investment Management LLC purchased a new position in Cloudflare in the fourth quarter valued at about $11,639,000. Blueshift Asset Management LLC boosted its holdings in Cloudflare by 100.2% in the third quarter. Blueshift Asset Management LLC now owns 25,926 shares of the company's stock valued at $1,634,000 after purchasing an additional 12,974 shares during the last quarter. Finally, LA Financiere DE L Echiquier boosted its holdings in Cloudflare by 4.5% in the fourth quarter. LA Financiere DE L Echiquier now owns 407,600 shares of the company's stock valued at $33,937,000 after purchasing an additional 17,600 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company's stock.
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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