5,377 Shares in Cloudflare, Inc. $NET Bought by Stableford Capital II LLC

Stableford Capital II LLC purchased a new stake in shares of Cloudflare, Inc. (NYSE:NET) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,377 shares of the company’s stock, valued at approximately $1,060,000.

Other large investors have also added to or reduced their stakes in the company. Physician Wealth Advisors Inc. raised its stake in shares of Cloudflare by 693.3% during the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after acquiring an additional 104 shares during the last quarter. Wiser Advisor Group LLC bought a new stake in shares of Cloudflare in the third quarter worth about $26,000. Westside Investment Management Inc. grew its stake in shares of Cloudflare by 100.0% in the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after purchasing an additional 65 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Cloudflare during the 2nd quarter valued at about $29,000. Finally, ORG Wealth Partners LLC increased its holdings in Cloudflare by 101.4% during the 3rd quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock valued at $30,000 after purchasing an additional 70 shares during the period. Institutional investors own 82.68% of the company’s stock.

Insiders Place Their Bets

In other news, Director Carl Ledbetter sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $227.05, for a total value of $3,405,750.00. Following the sale, the director directly owned 938,073 shares of the company’s stock, valued at $212,989,474.65. The trade was a 1.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Janel Riley sold 23,332 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $190.00, for a total value of $4,433,080.00. Following the completion of the sale, the chief accounting officer owned 56,791 shares in the company, valued at $10,790,290. The trade was a 29.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 641,768 shares of company stock valued at $122,539,186. Insiders own 10.89% of the company’s stock.

Cloudflare Price Performance

Shares of NET stock opened at $209.68 on Friday. The business’s fifty day moving average is $189.97 and its 200 day moving average is $203.48. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.35. The stock has a market cap of $73.80 billion, a price-to-earnings ratio of -723.01 and a beta of 1.98. Cloudflare, Inc. has a twelve month low of $89.42 and a twelve month high of $260.00.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $614.51 million during the quarter, compared to analyst estimates of $591.67 million. Cloudflare had a negative return on equity of 7.24% and a negative net margin of 4.72%.The company’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 earnings per share. Research analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NET has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a report on Wednesday, January 21st. Robert W. Baird set a $260.00 target price on Cloudflare and gave the company an “outperform” rating in a report on Wednesday, February 11th. Guggenheim lifted their price target on shares of Cloudflare from $117.00 to $140.00 and gave the company a “sell” rating in a report on Wednesday, February 11th. Piper Sandler boosted their price objective on shares of Cloudflare from $220.00 to $222.00 and gave the company a “neutral” rating in a research report on Wednesday, February 11th. Finally, DZ Bank raised shares of Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.38.

About Cloudflare

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.