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

Capital International Ltd. CA raised its holdings in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,505 shares of the company's stock after buying an additional 3,423 shares during the quarter. Capital International Ltd. CA's holdings in Cloudflare were worth $13,945,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. CreativeOne Wealth LLC raised its holdings in shares of Cloudflare by 0.8% during the 4th quarter. CreativeOne Wealth LLC now owns 6,982 shares of the company's stock valued at $752,000 after buying an additional 58 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Cloudflare by 1.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 6,583 shares of the company's stock valued at $709,000 after purchasing an additional 77 shares during the last quarter. Atomi Financial Group Inc. grew its stake in shares of Cloudflare by 3.3% in the 4th quarter. Atomi Financial Group Inc. now owns 2,966 shares of the company's stock worth $319,000 after buying an additional 94 shares during the last quarter. Baxter Bros Inc. increased its position in Cloudflare by 3.8% during the 4th quarter. Baxter Bros Inc. now owns 2,750 shares of the company's stock valued at $296,000 after buying an additional 100 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in Cloudflare by 4.3% in the fourth quarter. Chicago Partners Investment Group LLC now owns 2,529 shares of the company's stock worth $293,000 after acquiring an additional 105 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cloudflare

In related news, insider Michelle Zatlyn sold 25,640 shares of the company's stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $109.03, for a total value of $2,795,529.20. Following the completion of the sale, the insider now owns 413,413 shares of the company's stock, valued at approximately $45,074,419.39. This represents a 5.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Matthew Prince sold 52,384 shares of the stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $100.88, for a total transaction of $5,284,497.92. The disclosure for this sale can be found here. Insiders sold 548,253 shares of company stock valued at $70,819,909 over the last quarter. 12.83% of the stock is currently owned by insiders.

Cloudflare Stock Performance

NET traded up $4.80 during trading on Tuesday, reaching $106.91. 2,465,221 shares of the company's stock were exchanged, compared to its average volume of 4,010,054. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.37 and a quick ratio of 3.37. The company's fifty day simple moving average is $125.32 and its 200-day simple moving average is $114.83. Cloudflare, Inc. has a 1 year low of $66.24 and a 1 year high of $177.37. The stock has a market capitalization of $36.89 billion, a P/E ratio of -485.95 and a beta of 1.59.

Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly 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 net margin of 4.72% and a negative return on equity of 5.52%. As a group, research analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NET has been the subject of several recent analyst reports. JMP Securities lifted their price target on Cloudflare from $135.00 to $180.00 and gave the stock a "market outperform" rating in a research report on Friday, February 7th. The Goldman Sachs Group cut their price target on shares of Cloudflare from $183.00 to $161.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Piper Sandler lowered their price objective on Cloudflare from $131.00 to $112.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Robert W. Baird reaffirmed a "neutral" rating and set a $140.00 price target (up from $125.00) on shares of Cloudflare in a report on Monday, February 3rd. Finally, Bank of America upgraded shares of Cloudflare from an "underperform" rating to a "buy" rating and upped their target price for the company from $60.00 to $160.00 in a research note on Tuesday, March 25th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $134.84.

About Cloudflare

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.