Vestor Capital LLC Takes Position in Cloudflare, Inc. (NYSE:NET)

Vestor Capital LLC purchased a new stake in shares of Cloudflare, Inc. (NYSE:NET - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 52,033 shares of the company's stock, valued at approximately $5,603,000.

A number of other large investors also recently bought and sold shares of the stock. Quarry LP boosted its stake 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 acquiring an additional 133 shares in the last quarter. Quest Partners LLC purchased a new position in Cloudflare during the third quarter worth approximately $54,000. Larson Financial Group LLC grew its holdings in Cloudflare by 1,988.5% in the fourth quarter. Larson Financial Group LLC now owns 543 shares of the company's stock valued at $58,000 after purchasing an additional 517 shares during the period. Versant Capital Management Inc increased its position in shares of Cloudflare by 44.9% in the fourth quarter. Versant Capital Management Inc now owns 549 shares of the company's stock valued at $59,000 after buying an additional 170 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Cloudflare by 59.0% during the 4th quarter. GAMMA Investing LLC now owns 585 shares of the company's stock worth $63,000 after buying an additional 217 shares during the period. 82.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NET. Cantor Fitzgerald boosted their target price on shares of Cloudflare from $111.00 to $149.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. UBS Group cut their price objective on Cloudflare from $165.00 to $135.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Jefferies Financial Group raised their target price on Cloudflare from $100.00 to $125.00 and gave the company a "hold" rating in a research report on Thursday, December 19th. JMP Securities boosted their price target on Cloudflare from $135.00 to $180.00 and gave the stock a "market outperform" rating in a research report on Friday, February 7th. Finally, Susquehanna raised their price objective on Cloudflare from $95.00 to $170.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $135.64.

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Insider Transactions at Cloudflare

In related news, insider Douglas James Kramer sold 2,481 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $131.66, for a total transaction of $326,648.46. Following the transaction, the insider now owns 175,688 shares in the company, valued at $23,131,082.08. This trade represents a 1.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Thomas J. Seifert sold 15,000 shares of the business's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $113.81, for a total value of $1,707,150.00. Following the completion of the sale, the chief financial officer now owns 252,869 shares of the company's stock, valued at approximately $28,779,020.89. This represents a 5.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 566,766 shares of company stock valued at $73,779,200. Corporate insiders own 12.83% of the company's stock.

Cloudflare Stock Up 2.0 %

Shares of NET stock traded up $2.50 during trading on Tuesday, reaching $126.43. The company's stock had a trading volume of 3,639,820 shares, compared to its average volume of 3,026,295. The company has a market capitalization of $43.63 billion, a price-to-earnings ratio of -575.45 and a beta of 1.27. 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 price is $137.01 and its 200 day moving average price is $110.56.

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

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.