Cloudflare, Inc. (NYSE:NET) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors lifted its stake in Cloudflare, Inc. (NYSE:NET - Free Report) by 596.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,827 shares of the company's stock after purchasing an additional 34,106 shares during the quarter. Captrust Financial Advisors' holdings in Cloudflare were worth $3,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in NET. Northwest & Ethical Investments L.P. raised its position in Cloudflare by 66.7% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 2,000 shares of the company's stock worth $162,000 after buying an additional 800 shares during the last quarter. CreativeOne Wealth LLC lifted its position in Cloudflare by 13.3% during the third quarter. CreativeOne Wealth LLC now owns 6,924 shares of the company's stock valued at $560,000 after purchasing an additional 811 shares during the period. Blueshift Asset Management LLC purchased a new stake in Cloudflare in the third quarter worth approximately $3,209,000. Cynosure Group LLC bought a new stake in Cloudflare in the 3rd quarter worth approximately $271,000. Finally, Townsquare Capital LLC lifted its holdings in shares of Cloudflare by 3.1% during the 3rd quarter. Townsquare Capital LLC now owns 41,920 shares of the company's stock valued at $3,391,000 after buying an additional 1,267 shares during the period. Institutional investors own 82.68% of the company's stock.

Cloudflare Trading Up 0.7 %

Shares of NYSE:NET traded up $0.76 during trading on Thursday, reaching $111.48. 2,274,718 shares of the company were exchanged, compared to its average volume of 3,169,844. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.37 and a current ratio of 3.37. The business's fifty day simple moving average is $91.57 and its 200-day simple moving average is $83.14. Cloudflare, Inc. has a 12-month low of $66.24 and a 12-month high of $116.00.

Cloudflare (NYSE:NET - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). Cloudflare had a negative net margin of 5.97% and a negative return on equity of 7.18%. The firm had revenue of $430.08 million during the quarter, compared to analyst estimates of $423.65 million. On average, equities analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on NET. Morgan Stanley raised Cloudflare from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $92.00 to $130.00 in a research report on Monday. UBS Group boosted their price target on Cloudflare from $88.00 to $95.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Piper Sandler increased their target price on shares of Cloudflare from $83.00 to $92.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. BNP Paribas started coverage on shares of Cloudflare in a research report on Tuesday, October 8th. They issued an "underperform" rating and a $65.00 price target for the company. Finally, Scotiabank lifted their target price on Cloudflare from $85.00 to $87.00 and gave the company a "sector perform" rating in a research note on Friday, November 8th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $94.40.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 15,000 shares of Cloudflare stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $78.36, for a total transaction of $1,175,400.00. Following the sale, the chief financial officer now owns 281,403 shares of the company's stock, valued at $22,050,739.08. The trade was a 5.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Michelle Zatlyn sold 12,820 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $76.14, for a total transaction of $976,114.80. Following the completion of the sale, the chief operating officer now owns 192,177 shares of the company's stock, valued at $14,632,356.78. This trade represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 536,568 shares of company stock valued at $47,573,767. 12.83% of the stock is owned by insiders.

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.