Cloudflare, Inc. (NYSE:NET) Shares Bought by Capital International Inc. CA

Capital International Inc. CA grew its stake in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,398 shares of the company's stock after acquiring an additional 7,083 shares during the period. Capital International Inc. CA's holdings in Cloudflare were worth $11,565,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Groupama Asset Managment acquired a new position in Cloudflare during the fourth quarter worth $269,200,000. Norges Bank acquired a new position in shares of Cloudflare during the 4th quarter worth $249,544,000. American Century Companies Inc. raised its stake in shares of Cloudflare by 82.0% during the 4th quarter. American Century Companies Inc. now owns 2,257,601 shares of the company's stock worth $243,098,000 after buying an additional 1,017,399 shares during the last quarter. Invesco Ltd. boosted its position in shares of Cloudflare by 292.5% in the 4th quarter. Invesco Ltd. now owns 1,078,921 shares of the company's stock worth $116,178,000 after buying an additional 804,059 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in Cloudflare by 454.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 879,088 shares of the company's stock valued at $94,660,000 after acquiring an additional 720,568 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company's stock.

Insiders Place Their Bets

In other Cloudflare news, CAO Janel Riley sold 4,327 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $167.60, for a total transaction 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 trade represents a 5.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michelle Zatlyn sold 35,099 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $164.84, for a total transaction of $5,785,719.16. The disclosure for this sale can be found here. Insiders have sold 548,253 shares of company stock worth $70,819,909 in the last quarter. 12.83% of the stock is owned by corporate insiders.

Cloudflare Stock Up 4.7 %

NYSE:NET traded up $4.80 during mid-day trading on Tuesday, hitting $106.91. The company had a trading volume of 2,475,585 shares, compared to its average volume of 3,178,476. 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, Inc. has a 1 year low of $66.24 and a 1 year high of $177.37. The firm has a market capitalization of $36.89 billion, a price-to-earnings ratio of -485.95 and a beta of 1.59. The business has a fifty day simple moving average of $125.32 and a 200-day simple moving average of $114.83.

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 the consensus estimate of $0.18 by ($0.21). Cloudflare had a negative net margin of 4.72% and a negative return on equity of 5.52%. Equities analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NET has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of Cloudflare from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Guggenheim increased their target price on Cloudflare from $57.00 to $68.00 and gave the company a "sell" 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. UBS Group decreased their price objective on Cloudflare from $165.00 to $135.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Finally, DZ Bank downgraded shares of Cloudflare from a "hold" rating to a "sell" rating and set a $145.00 target price for the company. in a research note on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $134.84.

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.