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Cloudflare, Inc. (NYSE:NET – Get Rating) CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $50.34, for a total transaction of $2,637,010.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Matthew Prince also recently made the following trade(s):
- On Friday, July 8th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $52.30, for a total transaction of $2,739,683.20.
- On Monday, June 6th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $54.66, for a total transaction of $2,863,309.44.
- On Thursday, June 2nd, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $57.86, for a total transaction of $3,030,938.24.
- On Thursday, May 12th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $56.88, for a total transaction of $2,979,601.92.
Shares of Cloudflare stock traded down $0.66 on Friday, hitting $52.08. The stock had a trading volume of 4,529,788 shares, compared to its average volume of 5,937,713. The company has a quick ratio of 6.85, a current ratio of 6.85 and a debt-to-equity ratio of 2.78. Cloudflare, Inc. has a one year low of $38.96 and a one year high of $221.64. The stock has a market cap of $16.99 billion, a price-to-earnings ratio of -62.66 and a beta of 1.22. The stock’s 50-day simple moving average is $55.13 and its two-hundred day simple moving average is $89.73.
Cloudflare (NYSE:NET – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The company had revenue of $212.20 million during the quarter, compared to the consensus estimate of $205.66 million. Cloudflare had a negative net margin of 35.83% and a negative return on equity of 17.74%. The business’s revenue was up 53.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.11) EPS. As a group, equities analysts predict that Cloudflare, Inc. will post -0.41 EPS for the current fiscal year.
A number of brokerages have recently issued reports on NET. Jefferies Financial Group lowered their price target on shares of Cloudflare from $75.00 to $55.00 in a report on Monday, May 23rd. Stifel Nicolaus lowered their target price on shares of Cloudflare from $126.00 to $120.00 and set a “hold” rating on the stock in a research note on Monday, March 21st. Needham & Company LLC lowered their target price on shares of Cloudflare from $245.00 to $100.00 and set a “na” rating on the stock in a research note on Monday, May 16th. Truist Financial lowered their target price on shares of Cloudflare from $180.00 to $140.00 in a research note on Friday, May 6th. Finally, Mizuho lowered their target price on shares of Cloudflare from $135.00 to $90.00 in a research note on Friday, May 6th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $124.30.
A number of institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC lifted its position in Cloudflare by 3.6% during the fourth quarter. International Assets Investment Management LLC now owns 2,987 shares of the company’s stock valued at $393,000 after buying an additional 104 shares during the period. Signaturefd LLC lifted its position in Cloudflare by 1.2% during the first quarter. Signaturefd LLC now owns 10,606 shares of the company’s stock valued at $1,270,000 after buying an additional 125 shares during the period. Private Capital Group LLC raised its position in shares of Cloudflare by 109.2% in the 1st quarter. Private Capital Group LLC now owns 251 shares of the company’s stock worth $30,000 after purchasing an additional 131 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Cloudflare by 2.4% in the 4th quarter. Cetera Investment Advisers now owns 6,184 shares of the company’s stock worth $813,000 after purchasing an additional 145 shares during the last quarter. Finally, Clearstead Advisors LLC raised its position in shares of Cloudflare by 93.8% in the 1st quarter. Clearstead Advisors LLC now owns 310 shares of the company’s stock worth $37,000 after purchasing an additional 150 shares during the last quarter. 69.96% of the stock is owned by institutional investors and hedge funds.
About Cloudflare (Get Rating)
CloudFlare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company offers 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.
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