Cloudflare, Inc. (NYSE:NET) Position Boosted by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG raised its holdings in Cloudflare, Inc. (NYSE:NET - Free Report) by 169.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,690 shares of the company's stock after buying an additional 12,379 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Cloudflare were worth $2,120,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Stratos Wealth Partners LTD. grew its position in shares of Cloudflare by 1.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 6,583 shares of the company's stock valued at $709,000 after buying an additional 77 shares during the last quarter. Atomi Financial Group Inc. increased its position in shares of Cloudflare by 3.3% during the fourth quarter. Atomi Financial Group Inc. now owns 2,966 shares of the company's stock worth $319,000 after purchasing an additional 94 shares in the last quarter. Baxter Bros Inc. boosted its position in shares of Cloudflare by 3.8% in the 4th quarter. Baxter Bros Inc. now owns 2,750 shares of the company's stock valued at $296,000 after purchasing an additional 100 shares during the period. Chicago Partners Investment Group LLC grew its stake in Cloudflare by 4.3% during the 4th quarter. Chicago Partners Investment Group LLC now owns 2,529 shares of the company's stock worth $293,000 after buying an additional 105 shares during the last quarter. Finally, D.A. Davidson & CO. increased its position in Cloudflare by 0.5% during the fourth quarter. D.A. Davidson & CO. now owns 21,075 shares of the company's stock worth $2,269,000 after buying an additional 106 shares during the period. Institutional investors and hedge funds own 82.68% of the company's stock.

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Cloudflare Trading Down 0.3 %

Shares of NET traded down $0.28 during trading hours on Monday, hitting $96.80. The stock had a trading volume of 3,305,896 shares, compared to its average volume of 3,127,678. The company's fifty day simple moving average is $136.35 and its 200 day simple moving average is $112.90. The firm has a market cap of $33.40 billion, a P/E ratio of -440.00 and a beta of 1.59. 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 12-month low of $66.24 and a 12-month high of $177.37.

Cloudflare (NYSE:NET - Get Free Report) last announced its earnings results 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 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 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of Cloudflare from $136.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. UBS Group decreased their target price on shares of Cloudflare from $165.00 to $135.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Baird R W cut Cloudflare from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. Morgan Stanley started coverage on Cloudflare in a research note on Tuesday, March 18th. They issued an "overweight" rating on the stock. Finally, Bank of America raised Cloudflare from an "underperform" rating to a "buy" rating and increased their price target for the stock from $60.00 to $160.00 in a report on Tuesday, March 25th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $135.64.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 33,864 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $119.40, for a total transaction of $4,043,361.60. Following the sale, the chief financial officer now directly owns 252,869 shares of the company's stock, valued at approximately $30,192,558.60. This represents a 11.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas James Kramer sold 9,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $112.83, for a total value of $1,015,470.00. Following the transaction, the insider now directly owns 188,406 shares of the company's stock, valued at $21,257,848.98. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 559,662 shares of company stock valued at $73,480,384 in the last three months. Corporate insiders own 12.83% of the company's stock.

Cloudflare 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.