Cloudflare, Inc. (NYSE:NET - Get Free Report) CFO Thomas J. Seifert sold 10,000 shares of Cloudflare stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $120.00, for a total value of $1,200,000.00. Following the sale, the chief financial officer now directly owns 293,582 shares of the company's stock, valued at $35,229,840. This trade represents a 3.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Cloudflare Stock Up 0.9 %
Shares of NET opened at $118.95 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.37 and a current ratio of 3.37. Cloudflare, Inc. has a one year low of $66.24 and a one year high of $177.37. The stock has a market capitalization of $41.05 billion, a price-to-earnings ratio of -540.70 and a beta of 1.27. The stock has a 50 day moving average price of $136.73 and a 200 day moving average price of $109.79.
Cloudflare (NYSE:NET - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.21). Cloudflare had a negative return on equity of 5.52% and a negative net margin of 4.72%. Equities research analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.
Institutional Trading of Cloudflare
Large investors have recently added to or reduced their stakes in the stock. Hartline Investment Corp grew its holdings in Cloudflare by 1.5% in the 4th quarter. Hartline Investment Corp now owns 264,336 shares of the company's stock valued at $28,464,000 after buying an additional 3,957 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Cloudflare by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,157,815 shares of the company's stock valued at $93,656,000 after buying an additional 29,960 shares in the last quarter. Birchcreek Wealth Management LLC purchased a new stake in Cloudflare in the 4th quarter valued at $215,000. Strategic Blueprint LLC purchased a new stake in Cloudflare in the 4th quarter valued at $265,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Cloudflare in the 3rd quarter valued at $591,000. 82.68% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on NET shares. Cantor Fitzgerald lifted their target price on Cloudflare from $111.00 to $149.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Robert W. Baird reissued a "neutral" rating and issued a $140.00 price target (up from $125.00) on shares of Cloudflare in a report on Monday, February 3rd. The Goldman Sachs Group decreased their price target on Cloudflare from $183.00 to $161.00 and set a "buy" rating for the company in a report on Friday, March 14th. Stifel Nicolaus boosted their price target on Cloudflare from $136.00 to $175.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Guggenheim boosted their price target on Cloudflare from $57.00 to $68.00 and gave the company a "sell" rating in a report on Friday, February 7th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $131.64.
Read Our Latest Analysis 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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