2,197 Shares in Cloudflare, Inc. (NYSE:NET) Purchased by Savant Capital LLC

Savant Capital LLC acquired a new position in Cloudflare, Inc. (NYSE:NET - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,197 shares of the company's stock, valued at approximately $237,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in Cloudflare by 2.6% in the third quarter. Geode Capital Management LLC now owns 4,834,558 shares of the company's stock worth $390,130,000 after buying an additional 121,810 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Cloudflare by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,157,815 shares of the company's stock worth $93,656,000 after buying an additional 29,960 shares during the last quarter. Swiss National Bank grew its holdings in Cloudflare by 1.1% during the third quarter. Swiss National Bank now owns 893,600 shares of the company's stock valued at $72,283,000 after purchasing an additional 10,100 shares during the last quarter. National Pension Service grew its holdings in Cloudflare by 0.9% during the third quarter. National Pension Service now owns 471,923 shares of the company's stock valued at $38,174,000 after purchasing an additional 4,062 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc grew its holdings in Cloudflare by 16.8% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 395,303 shares of the company's stock valued at $42,602,000 after purchasing an additional 56,906 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company's stock.

Cloudflare Price Performance

Shares of NYSE NET traded down $4.55 during midday trading on Friday, reaching $151.83. 3,652,573 shares of the company traded hands, compared to its average volume of 3,998,004. The firm has a market cap of $52.11 billion, a PE ratio of -690.12 and a beta of 1.12. The stock's 50-day simple moving average is $129.34 and its 200-day simple moving average is $102.57. Cloudflare, Inc. has a 12 month low of $66.24 and a 12 month high of $177.37. 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 (NYSE:NET - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.21). Cloudflare had a negative net margin of 4.72% and a negative return on equity of 5.52%. As a group, equities analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Cloudflare

In related news, CFO Thomas J. Seifert sold 15,000 shares of Cloudflare stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $109.90, for a total value of $1,648,500.00. Following the completion of the transaction, the chief financial officer now directly owns 252,869 shares of the company's stock, valued at $27,790,303.10. The trade was a 5.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Janel Riley sold 4,327 shares of Cloudflare stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $167.60, for a total value of $725,205.20. Following the completion of the transaction, the chief accounting officer now directly owns 74,698 shares of the company's stock, valued at $12,519,384.80. This represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 533,297 shares of company stock valued at $62,604,696. 12.83% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NET has been the topic of several analyst reports. Morgan Stanley increased their price target on Cloudflare from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Susquehanna increased their price target on Cloudflare from $95.00 to $170.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Citigroup upgraded Cloudflare from a "neutral" rating to a "buy" rating and increased their price target for the company from $95.00 to $145.00 in a report on Friday, January 17th. The Goldman Sachs Group increased their price target on Cloudflare from $140.00 to $183.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Mizuho increased their price target on Cloudflare from $130.00 to $160.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $136.28.

Cloudflare Company Profile

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.