Cloudflare, Inc. (NYSE:NET – Get Free Report) CFO Thomas J. Seifert sold 15,000 shares of Cloudflare stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $87.02, for a total value of $1,305,300.00. Following the completion of the sale, the chief financial officer now owns 338,469 shares in the company, valued at $29,453,572.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Cloudflare Trading Down 3.0 %
Shares of NYSE:NET opened at $84.10 on Monday. The company has a market cap of $28.40 billion, a P/E ratio of -152.91 and a beta of 1.12. 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 1 year low of $39.90 and a 1 year high of $116.00. The stock’s fifty day moving average price is $96.38 and its 200-day moving average price is $82.10.
Cloudflare (NYSE:NET – Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. Cloudflare had a negative return on equity of 15.92% and a negative net margin of 14.19%. The firm had revenue of $362.47 million for the quarter, compared to the consensus estimate of $352.70 million. Sell-side analysts expect that Cloudflare, Inc. will post -0.2 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. JMP Securities lifted their price target on Cloudflare from $75.00 to $90.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 31st. Wells Fargo & Company lifted their price target on Cloudflare from $95.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. lifted their price target on Cloudflare from $53.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Cantor Fitzgerald restated a “neutral” rating and set a $100.00 price target on shares of Cloudflare in a research report on Wednesday, April 17th. Finally, Mizuho dropped their price target on Cloudflare from $105.00 to $95.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cloudflare presently has a consensus rating of “Hold” and a consensus target price of $87.08.
Get Our Latest Research Report on NET
Cloudflare Company Profile
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.
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