Cloudflare, Inc. $NET Shares Bought by Y.D. More Investments Ltd

Y.D. More Investments Ltd lifted its stake in shares of Cloudflare, Inc. (NYSE:NET) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,476 shares of the company’s stock after purchasing an additional 1,516 shares during the period. Y.D. More Investments Ltd’s holdings in Cloudflare were worth $5,726,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Daymark Wealth Partners LLC raised its stake in Cloudflare by 1.1% during the second quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company’s stock valued at $892,000 after buying an additional 51 shares in the last quarter. Huntington National Bank boosted its holdings in Cloudflare by 22.8% in the second quarter. Huntington National Bank now owns 280 shares of the company’s stock worth $55,000 after purchasing an additional 52 shares during the period. ORG Partners LLC increased its stake in Cloudflare by 11.9% during the second quarter. ORG Partners LLC now owns 498 shares of the company’s stock valued at $92,000 after purchasing an additional 53 shares during the last quarter. Fiduciary Planning LLC raised its holdings in shares of Cloudflare by 3.0% during the second quarter. Fiduciary Planning LLC now owns 1,854 shares of the company’s stock worth $363,000 after purchasing an additional 54 shares during the period. Finally, Yousif Capital Management LLC lifted its position in shares of Cloudflare by 1.9% in the 2nd quarter. Yousif Capital Management LLC now owns 4,044 shares of the company’s stock worth $792,000 after buying an additional 75 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Cloudflare news, Director John Graham-Cumming sold 2,520 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $250.83, for a total transaction of $632,091.60. Following the completion of the transaction, the director directly owned 495,191 shares of the company’s stock, valued at approximately $124,208,758.53. This trade represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carl Ledbetter sold 15,000 shares of Cloudflare stock in a transaction on Monday, October 20th. The shares were sold at an average price of $210.65, for a total value of $3,159,750.00. Following the transaction, the director owned 998,073 shares in the company, valued at approximately $210,244,077.45. This trade represents a 1.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 638,060 shares of company stock valued at $133,217,328 over the last 90 days. Corporate insiders own 10.89% of the company’s stock.

Cloudflare Stock Down 1.3%

Cloudflare stock opened at $210.74 on Friday. The company’s 50-day moving average price is $222.05 and its two-hundred day moving average price is $195.52. The stock has a market cap of $73.82 billion, a price-to-earnings ratio of -702.47 and a beta of 2.10. Cloudflare, Inc. has a 52 week low of $87.77 and a 52 week high of $260.00. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NET shares. Citigroup boosted their price objective on shares of Cloudflare from $255.00 to $318.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Scotiabank upped their target price on Cloudflare from $200.00 to $225.00 and gave the company a “sector perform” rating in a report on Friday, October 31st. JMP Securities set a $270.00 price target on Cloudflare in a research report on Friday, October 31st. UBS Group boosted their price objective on Cloudflare from $240.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Royal Bank Of Canada increased their target price on Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $235.35.

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.