Cloudflare, Inc. (NYSE:NET) CFO Thomas J. Seifert Sells 50,000 Shares of Stock

Cloudflare, Inc. (NYSE:NETGet Free Report) CFO Thomas J. Seifert sold 50,000 shares of Cloudflare stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $110.11, for a total value of $5,505,500.00. Following the transaction, the chief financial officer now owns 366,465 shares of the company’s stock, valued at approximately $40,351,461.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Cloudflare Stock Performance

NYSE:NET opened at $105.64 on Tuesday. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 1.83. The company’s 50-day moving average price is $82.41 and its 200-day moving average price is $70.57. Cloudflare, Inc. has a twelve month low of $39.90 and a twelve month high of $116.00. The company has a market cap of $35.47 billion, a P/E ratio of -192.07 and a beta of 1.10.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NET. Truist Financial boosted their target price on Cloudflare from $90.00 to $120.00 and gave the stock a “buy” 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 report on Friday. Piper Sandler lowered their target price on shares of Cloudflare from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Susquehanna increased their price target on shares of Cloudflare from $75.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Wells Fargo & Company increased their price target on shares of Cloudflare from $95.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday. 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 company. According to data from MarketBeat.com, Cloudflare presently has an average rating of “Hold” and a consensus target price of $86.52.

Check Out Our Latest Research Report on NET

Hedge Funds Weigh In On Cloudflare

Institutional investors have recently bought and sold shares of the company. Yousif Capital Management LLC increased its position in shares of Cloudflare by 4.0% during the fourth quarter. Yousif Capital Management LLC now owns 3,399 shares of the company’s stock valued at $283,000 after acquiring an additional 130 shares during the last quarter. Kingswood Wealth Advisors LLC grew its holdings in shares of Cloudflare by 0.5% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 27,358 shares of the company’s stock valued at $2,278,000 after purchasing an additional 132 shares in the last quarter. Quent Capital LLC grew its holdings in shares of Cloudflare by 8.1% in 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 in the last quarter. CWM LLC grew its holdings in shares of Cloudflare by 3.4% in the third quarter. CWM LLC now owns 4,624 shares of the company’s stock valued at $291,000 after purchasing an additional 153 shares in the last quarter. Finally, RFG Advisory LLC grew its holdings in shares of Cloudflare by 2.9% in the third quarter. RFG Advisory LLC now owns 5,957 shares of the company’s stock valued at $376,000 after purchasing an additional 166 shares in the last quarter. 73.14% of the stock is owned by hedge funds and other institutional investors.

Cloudflare Company Profile

(Get Free Report)

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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