Cloudflare, Inc. (NYSE:NET - Get Free Report) insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $199.37, for a total transaction of $5,112,046.17. Following the completion of the transaction, the insider owned 34,514 shares of the company's stock, valued at $6,881,056.18. This represents a 42.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michelle Zatlyn also recently made the following trade(s):
- On Wednesday, April 22nd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $209.15, for a total transaction of $5,362,815.15.
- On Thursday, March 5th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $189.50, for a total transaction of $4,858,969.50.
- On Tuesday, March 3rd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $174.61, for a total transaction of $4,477,175.01.
- On Monday, February 23rd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $172.76, for a total transaction of $4,429,739.16.
- On Friday, February 20th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $192.66, for a total transaction of $4,939,995.06.
- On Thursday, February 19th, Michelle Zatlyn sold 35,080 shares of Cloudflare stock. The shares were sold at an average price of $187.39, for a total transaction of $6,573,641.20.
Cloudflare Stock Performance
NYSE:NET opened at $207.85 on Thursday. Cloudflare, Inc. has a twelve month low of $112.12 and a twelve month high of $260.00. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.35. The company has a 50-day moving average of $198.01 and a 200-day moving average of $200.63. The firm has a market cap of $73.16 billion, a price-to-earnings ratio of -716.70 and a beta of 1.87.
Cloudflare (NYSE:NET - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Cloudflare had a negative net margin of 4.72% and a negative return on equity of 7.24%. The company had revenue of $614.51 million during the quarter, compared to analyst estimates of $591.67 million. During the same quarter last year, the firm posted $0.19 EPS. The business's revenue for the quarter was up 33.6% on a year-over-year basis. Analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
NET has been the subject of several research reports. Zacks Research upgraded shares of Cloudflare from a "strong sell" rating to a "hold" rating in a research report on Friday, March 13th. Robert W. Baird set a $260.00 price objective on shares of Cloudflare and gave the company an "outperform" rating in a research report on Wednesday, February 11th. Guggenheim raised their price objective on shares of Cloudflare from $117.00 to $140.00 and gave the company a "sell" rating in a research report on Wednesday, February 11th. New Street Research set a $140.00 price objective on shares of Cloudflare in a research report on Wednesday, February 11th. Finally, Mizuho decreased their target price on shares of Cloudflare from $255.00 to $235.00 and set an "outperform" rating for the company in a report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $232.62.
Get Our Latest Research Report on NET
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Cloudflare in the first quarter worth about $673,000. Pictet Asset Management Holding SA boosted its holdings in shares of Cloudflare by 17.6% in the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company's stock worth $284,900,000 after buying an additional 206,506 shares during the period. Lewis Asset Management LLC acquired a new position in shares of Cloudflare in the first quarter worth about $207,000. WT Wealth Management purchased a new stake in shares of Cloudflare in the first quarter worth approximately $223,000. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its position in shares of Cloudflare by 17.6% in the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 10,000 shares of the company's stock worth $2,063,000 after purchasing an additional 1,500 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.
Cloudflare Company Profile
(
Get Free Report)
Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.
In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.
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