Cloudflare, Inc. (NYSE:NET - Get Free Report) CEO Matthew Prince sold 2,311 shares of the business's stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $107.75, for a total value of $249,010.25. Following the sale, the chief executive officer now owns 413,413 shares in the company, valued at $44,545,250.75. This represents a 0.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Matthew Prince also recently made the following trade(s):
- On Tuesday, April 8th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $100.88, for a total transaction of $5,284,497.92.
- On Wednesday, March 19th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $117.32, for a total transaction of $6,145,690.88.
- On Monday, March 17th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $116.47, for a total transaction of $6,101,164.48.
- On Thursday, February 27th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $145.04, for a total value of $7,597,775.36.
- On Tuesday, February 25th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $143.39, for a total value of $7,511,341.76.
Cloudflare Trading Down 6.1 %
Shares of Cloudflare stock opened at $105.66 on Friday. The company has a market capitalization of $36.46 billion, a P/E ratio of -480.25 and a beta of 1.59. The stock has a fifty day simple moving average of $132.54 and a 200 day simple moving average of $113.34. Cloudflare, Inc. has a 12-month low of $66.24 and a 12-month high of $177.37. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 1.32.
Cloudflare (NYSE:NET - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported ($0.03) earnings per share (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%. On average, sell-side analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Cloudflare
Several hedge funds have recently modified their holdings of NET. The Manufacturers Life Insurance Company lifted its holdings in Cloudflare by 5.4% during the third quarter. The Manufacturers Life Insurance Company now owns 14,308 shares of the company's stock worth $1,157,000 after acquiring an additional 734 shares during the period. Quarry LP boosted its holdings in shares of Cloudflare by 38.6% in the 3rd quarter. Quarry LP now owns 478 shares of the company's stock worth $39,000 after buying an additional 133 shares during the last quarter. Quantinno Capital Management LP grew its position in Cloudflare by 73.8% during the third quarter. Quantinno Capital Management LP now owns 30,093 shares of the company's stock valued at $2,434,000 after buying an additional 12,774 shares during the period. Wellington Management Group LLP raised its position in Cloudflare by 4.8% in the third quarter. Wellington Management Group LLP now owns 4,034 shares of the company's stock worth $326,000 after acquiring an additional 186 shares during the period. Finally, National Bank of Canada FI boosted its stake in Cloudflare by 17.9% in the third quarter. National Bank of Canada FI now owns 8,292 shares of the company's stock valued at $671,000 after acquiring an additional 1,261 shares during the last quarter. Institutional investors own 82.68% of the company's stock.
Analysts Set New Price Targets
NET has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their price objective on Cloudflare from $100.00 to $125.00 and gave the stock a "hold" rating in a research note on Thursday, December 19th. The Goldman Sachs Group reduced their price objective on shares of Cloudflare from $183.00 to $161.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Morgan Stanley assumed coverage on shares of Cloudflare in a research note on Tuesday, March 18th. They set an "overweight" rating for the company. Stifel Nicolaus upped their price target on shares of Cloudflare from $136.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Baird R W lowered Cloudflare from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $134.88.
View Our Latest Stock Report on Cloudflare
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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