Cloudflare, Inc. (NYSE:NET) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd raised its holdings in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 18.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,287 shares of the company's stock after acquiring an additional 2,355 shares during the quarter. Vinva Investment Management Ltd's holdings in Cloudflare were worth $1,667,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of NET. Quarry LP raised its position in shares of Cloudflare by 38.6% during the 3rd quarter. Quarry LP now owns 478 shares of the company's stock worth $39,000 after purchasing an additional 133 shares during the last quarter. Quest Partners LLC purchased a new position in Cloudflare during the third quarter worth $54,000. Larson Financial Group LLC lifted its holdings in Cloudflare by 1,988.5% in the 4th quarter. Larson Financial Group LLC now owns 543 shares of the company's stock valued at $58,000 after purchasing an additional 517 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Cloudflare by 44.9% during the 4th quarter. Versant Capital Management Inc now owns 549 shares of the company's stock worth $59,000 after purchasing an additional 170 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Cloudflare by 59.0% during the fourth quarter. GAMMA Investing LLC now owns 585 shares of the company's stock valued at $63,000 after buying an additional 217 shares during the period. Hedge funds and other institutional investors own 82.68% of the company's stock.

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Insider Buying and Selling at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 35,099 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $164.84, for a total transaction of $5,785,719.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Douglas James Kramer sold 2,481 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $131.66, for a total transaction of $326,648.46. Following the completion of the sale, the insider now directly owns 175,688 shares of the company's stock, valued at $23,131,082.08. The trade was a 1.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 566,766 shares of company stock worth $73,779,200 in the last 90 days. 12.83% of the stock is owned by corporate insiders.

Cloudflare Stock Up 2.6 %

Shares of NYSE NET traded up $3.23 during trading on Tuesday, reaching $127.16. 6,069,582 shares of the stock were exchanged, compared to its average volume of 3,026,295. The business's 50-day moving average price is $137.01 and its 200 day moving average price is $110.56. The company has a market capitalization of $43.88 billion, a price-to-earnings ratio of -578.00 and a beta of 1.27. Cloudflare, Inc. has a twelve month low of $66.24 and a twelve month high of $177.37. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 1.32.

Cloudflare (NYSE:NET - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.03) 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%. As a group, equities analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NET has been the subject of several analyst reports. UBS Group cut their price target on Cloudflare from $165.00 to $135.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Stifel Nicolaus upped their target price on Cloudflare from $136.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Jefferies Financial Group increased their target price on Cloudflare from $100.00 to $125.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. Scotiabank upped their price objective on shares of Cloudflare from $87.00 to $110.00 and gave the company a "sector perform" rating in a research note on Tuesday, January 21st. Finally, Guggenheim increased their price objective on shares of Cloudflare from $57.00 to $68.00 and gave the stock a "sell" rating in a report on Friday, February 7th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $135.64.

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.