Personal CFO Solutions LLC Acquires Shares of 2,472 Cloudflare, Inc. (NYSE:NET)

Personal CFO Solutions LLC bought a new position in shares of Cloudflare, Inc. (NYSE:NET - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,472 shares of the company's stock, valued at approximately $266,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Cloudflare during the 3rd quarter worth approximately $38,000. Quarry LP boosted its position in shares of Cloudflare by 38.6% in the 3rd quarter. Quarry LP now owns 478 shares of the company's stock worth $39,000 after purchasing an additional 133 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of 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 purchasing an additional 517 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Cloudflare by 44.9% in 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 in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Cloudflare by 59.0% in the 4th quarter. GAMMA Investing LLC now owns 585 shares of the company's stock worth $63,000 after purchasing an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company's stock.

Insider Transactions at Cloudflare

In other Cloudflare news, COO Michelle Zatlyn sold 25,640 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $113.16, for a total value of $2,901,422.40. Following the completion of the sale, the chief operating officer now owns 172,959 shares in the company, valued at approximately $19,572,040.44. This represents a 12.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $113.00, for a total value of $5,919,392.00. Following the completion of the sale, the chief executive officer now owns 10,762 shares of the company's stock, valued at $1,216,106. The trade was a 82.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 597,406 shares of company stock worth $76,705,729 in the last three months. Corporate insiders own 12.83% of the company's stock.

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Cloudflare Stock Performance

Shares of NYSE:NET traded up $3.68 during midday trading on Tuesday, hitting $120.29. The company had a trading volume of 5,898,164 shares, compared to its average volume of 2,998,614. 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 has a market cap of $41.51 billion, a price-to-earnings ratio of -546.78 and a beta of 1.27. Cloudflare, Inc. has a 12-month low of $66.24 and a 12-month high of $177.37. The company has a fifty day moving average of $135.96 and a two-hundred day moving average of $107.94.

Cloudflare (NYSE:NET - Get Free Report) last posted its quarterly earnings data 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 return on equity of 5.52% and a negative net margin of 4.72%. On average, equities research analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NET has been the topic of a number of analyst reports. UBS Group boosted their price target on Cloudflare from $130.00 to $165.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. DZ Bank cut Cloudflare from a "hold" rating to a "sell" rating and set a $145.00 price target on the stock. in a research report on Tuesday, February 11th. Jefferies Financial Group boosted their price target on Cloudflare from $100.00 to $125.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. Piper Sandler reissued a "neutral" rating on shares of Cloudflare in a research report on Monday, March 3rd. Finally, Scotiabank boosted their price target on Cloudflare from $87.00 to $110.00 and gave the stock a "sector perform" rating in a research report on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $136.28.

Cloudflare 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.