Cloudflare, Inc. (NYSE:NET - Get Free Report) CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction on Friday, December 20th. The shares were sold at an average price of $111.90, for a total value of $5,861,769.60. Following the sale, the chief executive officer now directly owns 10,762 shares of the company's stock, valued at approximately $1,204,267.80. This trade represents a 82.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Matthew Prince also recently made the following trade(s):
- On Wednesday, December 18th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $113.00, for a total value of $5,919,392.00.
- On Friday, November 15th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $89.06, for a total transaction of $4,665,319.04.
- On Wednesday, November 13th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $95.59, for a total transaction of $5,007,386.56.
- On Thursday, October 17th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $90.92, for a total transaction of $4,762,753.28.
- On Tuesday, October 15th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $93.95, for a total value of $4,921,476.80.
Cloudflare Stock Up 3.8 %
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Cloudflare stock opened at $112.69 on Friday. The business's 50-day moving average price is $98.69 and its 200 day moving average price is $86.41. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 1.32. The firm has a market cap of $38.67 billion, a price-to-earnings ratio of -433.42 and a beta of 1.10. Cloudflare, Inc. has a 52 week low of $66.24 and a 52 week high of $119.42.
Cloudflare (NYSE:NET - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.03) EPS for the quarter, hitting analysts' consensus estimates of ($0.03). The business had revenue of $430.08 million for the quarter, compared to analysts' expectations of $423.65 million. Cloudflare had a negative net margin of 5.97% and a negative return on equity of 7.18%. As a group, sell-side analysts anticipate that Cloudflare, Inc. will post -0.1 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Mizuho raised their price objective on Cloudflare from $102.00 to $125.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Jefferies Financial Group raised their price target on shares of Cloudflare from $100.00 to $125.00 and gave the company a "hold" rating in a report on Thursday. UBS Group increased their target price on shares of Cloudflare from $88.00 to $95.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. BNP Paribas initiated coverage on shares of Cloudflare in a report on Tuesday, October 8th. They issued an "underperform" rating and a $65.00 price target on the stock. Finally, Morgan Stanley upgraded Cloudflare from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $92.00 to $130.00 in a report on Monday, December 2nd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $97.81.
Read Our Latest Research Report on Cloudflare
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. CVA Family Office LLC raised its stake in shares of Cloudflare by 121.3% during the 3rd quarter. CVA Family Office LLC now owns 312 shares of the company's stock worth $25,000 after buying an additional 171 shares during the period. Quarry LP increased its holdings in Cloudflare by 73.4% in the 2nd quarter. Quarry LP now owns 345 shares of the company's stock worth $29,000 after acquiring an additional 146 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Cloudflare in the 3rd quarter worth $38,000. Quest Partners LLC purchased a new position in Cloudflare during the third quarter valued at $54,000. Finally, Blue Trust Inc. grew its position in shares of Cloudflare by 37,600.0% in the second quarter. Blue Trust Inc. now owns 754 shares of the company's stock valued at $62,000 after purchasing an additional 752 shares during the period. Institutional investors and hedge funds 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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