Cloudflare, Inc. (NYSE:NET) CAO Janel Riley Sells 4,327 Shares

Cloudflare, Inc. (NYSE:NET - Get Free Report) CAO Janel Riley sold 4,327 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was 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 represents a 5.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Cloudflare Trading Down 2.9 %

Shares of NET traded down $4.55 during midday trading on Friday, hitting $151.83. The stock had a trading volume of 3,652,849 shares, compared to its average volume of 3,999,010. Cloudflare, Inc. has a 1 year low of $66.24 and a 1 year high of $177.37. 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 stock's 50 day moving average is $130.11 and its 200 day moving average is $103.08. The firm has a market cap of $52.11 billion, a PE ratio of -690.12 and a beta of 1.12.

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

Analyst Ratings Changes

A number of research firms recently commented on NET. Stifel Nicolaus boosted their price target on Cloudflare from $136.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Guggenheim boosted their target price on shares of Cloudflare from $57.00 to $68.00 and gave the stock a "sell" rating in a report on Friday, February 7th. Morgan Stanley upped their target price on shares of Cloudflare from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. UBS Group lifted their price target on shares of Cloudflare from $130.00 to $165.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Finally, Needham & Company LLC reissued a "buy" rating and set a $185.00 price objective on shares of Cloudflare in a report on Tuesday. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $136.28.

Hedge Funds Weigh In On Cloudflare

A number of large investors have recently bought and sold shares of NET. Capital Performance Advisors LLP purchased a new stake in Cloudflare in the third quarter worth $38,000. Quarry LP increased its stake in Cloudflare by 38.6% in the 3rd quarter. Quarry LP now owns 478 shares of the company's stock worth $39,000 after buying an additional 133 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new position in Cloudflare in the 4th quarter worth about $43,000. Quest Partners LLC bought a new stake in Cloudflare during the 3rd quarter valued at about $54,000. Finally, Larson Financial Group LLC grew its stake in Cloudflare by 1,988.5% in the 4th quarter. Larson Financial Group LLC now owns 543 shares of the company's stock worth $58,000 after acquiring an additional 517 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company's stock.

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.