Vestmark Advisory Solutions Inc. Acquires Shares of 4,152 Cloudflare, Inc. (NYSE:NET)

Vestmark Advisory Solutions Inc. bought a new position in Cloudflare, Inc. (NYSE:NET - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,152 shares of the company's stock, valued at approximately $447,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. increased its holdings in Cloudflare by 1.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 6,583 shares of the company's stock valued at $709,000 after purchasing an additional 77 shares during the period. Atomi Financial Group Inc. raised its stake in Cloudflare by 3.3% in the fourth quarter. Atomi Financial Group Inc. now owns 2,966 shares of the company's stock worth $319,000 after buying an additional 94 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in Cloudflare by 4.3% in the fourth quarter. Chicago Partners Investment Group LLC now owns 2,529 shares of the company's stock worth $293,000 after buying an additional 105 shares during the period. D.A. Davidson & CO. boosted its position in Cloudflare by 0.5% during the 4th quarter. D.A. Davidson & CO. now owns 21,075 shares of the company's stock valued at $2,269,000 after acquiring an additional 106 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Cloudflare by 0.5% during the 4th quarter. Amalgamated Bank now owns 20,002 shares of the company's stock worth $2,154,000 after acquiring an additional 107 shares during the period. 82.68% of the stock is currently owned by institutional investors.

Cloudflare Trading Down 0.7 %

NET traded down $0.89 during trading hours on Wednesday, reaching $119.18. The company's stock had a trading volume of 6,744,840 shares, compared to its average volume of 3,013,423. The stock has a market cap of $41.13 billion, a PE ratio of -541.73 and a beta of 1.27. Cloudflare, Inc. has a fifty-two week low of $66.24 and a fifty-two week 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 business's 50-day moving average is $136.21 and its 200-day moving average is $108.20.

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Cloudflare (NYSE:NET - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.21). Cloudflare had a negative net margin of 4.72% and a negative return on equity of 5.52%. As a group, equities research analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Activity at Cloudflare

In other Cloudflare news, insider Douglas James Kramer sold 2,481 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $131.66, for a total transaction of $326,648.46. Following the sale, the insider now owns 175,688 shares of the company's stock, valued at approximately $23,131,082.08. This trade represents a 1.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew Prince sold 52,384 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $113.00, for a total transaction of $5,919,392.00. Following the sale, the chief executive officer now owns 10,762 shares of the company's stock, valued at $1,216,106. This represents a 82.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 597,406 shares of company stock worth $76,705,729. 12.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on NET. Wells Fargo & Company lifted their price target on Cloudflare from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Baird R W lowered shares of Cloudflare from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. DZ Bank lowered shares of Cloudflare from a "hold" rating to a "sell" rating and set a $145.00 price objective on the stock. in a research note on Tuesday, February 11th. Truist Financial raised their target price on shares of Cloudflare from $120.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Finally, Guggenheim boosted their price target on Cloudflare from $57.00 to $68.00 and gave the stock a "sell" rating in a research report on Friday, February 7th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.