Cloudflare, Inc. (NYSE:NET) Director Carl Ledbetter Sells 7,962 Shares of Stock

Cloudflare, Inc. (NYSE:NETGet Free Report) Director Carl Ledbetter sold 7,962 shares of Cloudflare stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $81.42, for a total transaction of $648,266.04. Following the sale, the director now owns 1,446,957 shares in the company, valued at approximately $117,811,238.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Carl Ledbetter also recently made the following trade(s):

  • On Wednesday, January 31st, Carl Ledbetter sold 10,031 shares of Cloudflare stock. The shares were sold at an average price of $80.91, for a total transaction of $811,608.21.
  • On Wednesday, January 24th, Carl Ledbetter sold 7,982 shares of Cloudflare stock. The shares were sold at an average price of $85.06, for a total transaction of $678,948.92.
  • On Monday, January 22nd, Carl Ledbetter sold 66,384 shares of Cloudflare stock. The stock was sold at an average price of $86.88, for a total transaction of $5,767,441.92.
  • On Wednesday, January 17th, Carl Ledbetter sold 30,214 shares of Cloudflare stock. The shares were sold at an average price of $76.03, for a total transaction of $2,297,170.42.
  • On Wednesday, January 10th, Carl Ledbetter sold 7,970 shares of Cloudflare stock. The shares were sold at an average price of $82.35, for a total transaction of $656,329.50.
  • On Wednesday, January 3rd, Carl Ledbetter sold 10,047 shares of Cloudflare stock. The shares were sold at an average price of $76.22, for a total transaction of $765,782.34.
  • On Wednesday, December 27th, Carl Ledbetter sold 9,620 shares of Cloudflare stock. The shares were sold at an average price of $86.48, for a total transaction of $831,937.60.
  • On Tuesday, December 19th, Carl Ledbetter sold 4,296 shares of Cloudflare stock. The shares were sold at an average price of $86.76, for a total transaction of $372,720.96.
  • On Wednesday, December 13th, Carl Ledbetter sold 7,961 shares of Cloudflare stock. The shares were sold at an average price of $78.97, for a total transaction of $628,680.17.
  • On Wednesday, December 6th, Carl Ledbetter sold 10,027 shares of Cloudflare stock. The shares were sold at an average price of $77.98, for a total transaction of $781,905.46.

Cloudflare Stock Performance

Shares of NET opened at $107.81 on Friday. The firm has a 50-day moving average price of $81.90 and a 200 day moving average price of $70.23. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 1.83. Cloudflare, Inc. has a 52-week low of $39.90 and a 52-week high of $116.00.

Hedge Funds Weigh In On Cloudflare

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. bought a new position in Cloudflare in the 1st quarter valued at about $29,000. JTC Employer Solutions Trustee Ltd acquired a new stake in Cloudflare in the 3rd quarter valued at about $38,000. GAMMA Investing LLC acquired a new stake in Cloudflare in the 4th quarter valued at about $39,000. Providence Capital Advisors LLC lifted its holdings in Cloudflare by 6,065.0% in the 1st quarter. Providence Capital Advisors LLC now owns 2,466 shares of the company’s stock valued at $40,000 after acquiring an additional 2,426 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Cloudflare by 1,976.9% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 540 shares of the company’s stock valued at $45,000 after acquiring an additional 514 shares during the last quarter. Institutional investors own 73.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Cloudflare from $53.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday. Wells Fargo & Company boosted their target price on shares of Cloudflare from $95.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday. Needham & Company LLC boosted their target price on shares of Cloudflare from $110.00 to $135.00 and gave the company a “buy” rating in a research note on Friday. Sanford C. Bernstein assumed coverage on shares of Cloudflare in a research note on Thursday, January 18th. They set a “market perform” rating and a $85.00 target price for the company. Finally, Capital One Financial assumed coverage on shares of Cloudflare in a research note on Wednesday, January 17th. They set an “equal weight” rating and a $83.00 target price for the company. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $85.13.

Check Out Our Latest Report on Cloudflare

Cloudflare Company Profile

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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, secure origin connection, and rate limiting products.

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Insider Buying and Selling by Quarter for Cloudflare (NYSE:NET)

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