Cloudflare, Inc. (NYSE:NET) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. reduced its holdings in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 100.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 238 shares of the company's stock after selling 523,732 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Cloudflare were worth $26,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Stratos Wealth Partners LTD. raised its stake in Cloudflare by 1.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 6,583 shares of the company's stock worth $709,000 after acquiring an additional 77 shares in the last quarter. Atomi Financial Group Inc. increased its position in shares of Cloudflare by 3.3% during the fourth quarter. Atomi Financial Group Inc. now owns 2,966 shares of the company's stock worth $319,000 after purchasing an additional 94 shares in the last quarter. Baxter Bros Inc. increased its position in shares of Cloudflare by 3.8% during the fourth quarter. Baxter Bros Inc. now owns 2,750 shares of the company's stock worth $296,000 after purchasing an additional 100 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of Cloudflare by 4.3% in the 4th quarter. Chicago Partners Investment Group LLC now owns 2,529 shares of the company's stock valued at $293,000 after purchasing an additional 105 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of Cloudflare by 0.5% in the 4th quarter. D.A. Davidson & CO. now owns 21,075 shares of the company's stock valued at $2,269,000 after purchasing an additional 106 shares during the period. Hedge funds and other institutional investors own 82.68% of the company's stock.

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Insiders Place Their Bets

In related news, CAO Janel Riley sold 4,327 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 74,698 shares in the company, valued at approximately $12,519,384.80. This trade represents a 5.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Douglas James Kramer sold 9,000 shares of Cloudflare stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $112.83, for a total transaction of $1,015,470.00. Following the completion of the sale, the insider now directly owns 188,406 shares of the company's stock, valued at $21,257,848.98. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 559,662 shares of company stock valued at $73,480,384. Corporate insiders own 12.83% of the company's stock.

Cloudflare Price Performance

Shares of Cloudflare stock traded up $1.23 on Monday, hitting $98.31. The company's stock had a trading volume of 6,542,220 shares, compared to its average volume of 3,140,172. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 1.32. The firm has a fifty day moving average price of $135.79 and a 200-day moving average price of $113.01. Cloudflare, Inc. has a 52-week low of $66.24 and a 52-week high of $177.37. The company has a market capitalization of $33.93 billion, a P/E ratio of -446.88 and a beta of 1.59.

Cloudflare (NYSE:NET - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.03) 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%. On average, equities research analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Robert W. Baird reiterated a "neutral" rating and issued a $140.00 price objective (up previously from $125.00) on shares of Cloudflare in a research note on Monday, February 3rd. Truist Financial upped their price target on shares of Cloudflare from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Baird R W cut shares of Cloudflare from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. Morgan Stanley assumed coverage on shares of Cloudflare in a research note on Tuesday, March 18th. They issued an "overweight" rating on the stock. Finally, Oppenheimer started coverage on shares of Cloudflare in a research note on Thursday, March 20th. They set an "outperform" rating and a $150.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $135.64.

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.