497 Shares in Cloudflare, Inc. (NYSE:NET) Acquired by GAMMA Investing LLC

GAMMA Investing LLC bought a new stake in shares of Cloudflare, Inc. (NYSE:NET) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 497 shares of the company’s stock, valued at approximately $39,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Kingswood Wealth Advisors LLC raised its position in Cloudflare by 0.5% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 27,358 shares of the company’s stock worth $2,278,000 after buying an additional 132 shares during the last quarter. Quent Capital LLC lifted its position in Cloudflare by 8.1% during the fourth quarter. Quent Capital LLC now owns 1,877 shares of the company’s stock valued at $156,000 after purchasing an additional 140 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Cloudflare by 1.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 19,736 shares of the company’s stock worth $1,244,000 after purchasing an additional 239 shares during the last quarter. Profund Advisors LLC grew its position in Cloudflare by 1.2% in the 3rd quarter. Profund Advisors LLC now owns 21,982 shares of the company’s stock worth $1,386,000 after purchasing an additional 251 shares during the period. Finally, CWM LLC raised its stake in Cloudflare by 5.6% during the 4th quarter. CWM LLC now owns 4,884 shares of the company’s stock valued at $407,000 after buying an additional 260 shares during the last quarter. Institutional investors own 82.68% of the company’s stock.

Cloudflare Price Performance

Shares of Cloudflare stock opened at $74.40 on Friday. The company has a debt-to-equity ratio of 1.68, a current ratio of 3.50 and a quick ratio of 3.50. Cloudflare, Inc. has a 12 month low of $39.90 and a 12 month high of $116.00. The stock has a 50 day moving average of $93.67 and a 200 day moving average of $83.60.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, February 8th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $362.47 million during the quarter, compared to the consensus estimate of $352.70 million. Cloudflare had a negative return on equity of 13.22% and a negative net margin of 13.10%. As a group, equities analysts expect that Cloudflare, Inc. will post -0.2 EPS for the current fiscal year.

Insider Transactions at Cloudflare

In related news, insider Douglas James Kramer sold 3,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $88.12, for a total value of $264,360.00. Following the completion of the transaction, the insider now owns 205,238 shares of the company’s stock, valued at approximately $18,085,572.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Douglas James Kramer sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $88.12, for a total transaction of $264,360.00. Following the transaction, the insider now owns 205,238 shares of the company’s stock, valued at approximately $18,085,572.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Michelle Zatlyn sold 277,376 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $101.17, for a total value of $28,062,129.92. Following the sale, the chief operating officer now owns 38,545 shares in the company, valued at approximately $3,899,597.65. The disclosure for this sale can be found here. Insiders have sold a total of 1,029,347 shares of company stock worth $100,594,226 in the last three months. Insiders own 12.83% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on NET shares. Wells Fargo & Company cut their price objective on Cloudflare from $125.00 to $105.00 and set an “overweight” rating for the company in a report on Friday. TD Cowen reduced their price target on shares of Cloudflare from $117.00 to $110.00 and set a “buy” rating for the company in a research report on Friday. Robert W. Baird dropped their price objective on shares of Cloudflare from $100.00 to $94.00 and set an “outperform” rating on the stock in a report on Friday. DZ Bank cut shares of Cloudflare from a “buy” rating to a “hold” rating and set a $110.00 target price for the company. in a report on Tuesday, February 13th. Finally, Mizuho dropped their price target on shares of Cloudflare from $95.00 to $88.00 and set a “neutral” rating on the stock in a research note on Friday. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $90.17.

About Cloudflare

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.