Faithward Advisors LLC Has $4.93 Million Stake in Cloudflare, Inc. (NYSE:NET)

Faithward Advisors LLC increased its position in Cloudflare, Inc. (NYSE:NET) by 2.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 45,762 shares of the company’s stock after acquiring an additional 950 shares during the period. Cloudflare comprises approximately 0.8% of Faithward Advisors LLC’s portfolio, making the stock its 27th largest holding. Faithward Advisors LLC’s holdings in Cloudflare were worth $4,928,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. 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 buying an additional 133 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Cloudflare by 1,988.5% during the 4th quarter. Larson Financial Group LLC now owns 543 shares of the company’s stock worth $58,000 after buying an additional 517 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Cloudflare by 44.9% during the fourth quarter. Versant Capital Management Inc now owns 549 shares of the company’s stock worth $59,000 after buying an additional 170 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Cloudflare by 59.0% during the fourth quarter. GAMMA Investing LLC now owns 585 shares of the company’s stock worth $63,000 after purchasing an additional 217 shares during the period. Finally, Whittier Trust Co. lifted its holdings in Cloudflare by 120.5% in the fourth quarter. Whittier Trust Co. now owns 602 shares of the company’s stock valued at $65,000 after buying an additional 329 shares during the period. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, insider Douglas James Kramer sold 9,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 188,406 shares in the company, valued at approximately $21,257,848.98. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $113.73, for a total value of $5,957,632.32. Following the completion of the transaction, the chief executive officer now owns 10,762 shares of the company’s stock, valued at approximately $1,223,962.26. The trade was a 82.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 559,662 shares of company stock worth $73,480,384. 12.83% of the stock is owned by corporate insiders.

Cloudflare Stock Up 1.3 %

Cloudflare stock opened at $98.31 on Tuesday. Cloudflare, Inc. has a 1-year low of $66.24 and a 1-year high of $177.37. The business has a fifty day moving average price of $135.79 and a 200-day moving average price of $113.01. 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 has a market capitalization of $33.93 billion, a price-to-earnings ratio of -446.88 and a beta of 1.59.

Cloudflare (NYSE:NET) last issued its quarterly earnings results 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%. Equities research analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group dropped their target price on Cloudflare from $183.00 to $161.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Royal Bank of Canada decreased their target price on Cloudflare from $170.00 to $148.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Guggenheim increased their target price on Cloudflare from $57.00 to $68.00 and gave the company a “sell” rating in a research note on Friday, February 7th. Jefferies Financial Group lifted their price objective on Cloudflare from $100.00 to $125.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Finally, Susquehanna raised their target price on Cloudflare from $95.00 to $170.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $135.64.

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.