Cloudflare, Inc. (NYSE:NET) Shares Purchased by Bamco Inc. NY

Bamco Inc. NY lifted its holdings in Cloudflare, Inc. (NYSE:NET - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 897,555 shares of the company's stock after purchasing an additional 47,075 shares during the quarter. Bamco Inc. NY owned 0.26% of Cloudflare worth $96,649,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NET. Hartline Investment Corp lifted its holdings in shares of Cloudflare by 1.5% in the 4th quarter. Hartline Investment Corp now owns 264,336 shares of the company's stock valued at $28,464,000 after acquiring an additional 3,957 shares during the last quarter. Birchcreek Wealth Management LLC bought a new position in Cloudflare during the fourth quarter valued at $215,000. Strategic Blueprint LLC bought a new position in Cloudflare during the 4th quarter valued at about $265,000. Clarendon Private LLC bought a new stake in shares of Cloudflare during the 4th quarter worth approximately $293,000. Finally, Savant Capital LLC bought a new position in Cloudflare in the 4th quarter valued at $237,000. Hedge funds and other institutional investors own 82.68% of the company's stock.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, insider Douglas James Kramer sold 3,000 shares of Cloudflare stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $124.16, for a total transaction of $372,480.00. Following the completion of the sale, the insider now directly owns 185,406 shares in the company, valued at approximately $23,020,008.96. The trade was a 1.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Janel Riley sold 4,327 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $167.60, for a total transaction of $725,205.20. Following the completion of the sale, the chief accounting officer now owns 74,698 shares in the company, valued at $12,519,384.80. The trade was a 5.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 492,492 shares of company stock worth $63,757,685. 12.83% of the stock is owned by corporate insiders.

Cloudflare Stock Down 0.4 %

Shares of NET traded down $0.43 during midday trading on Wednesday, hitting $121.86. 2,140,568 shares of the company's stock traded hands, compared to its average volume of 3,070,265. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $42.05 billion, a price-to-earnings ratio of -553.90 and a beta of 1.78. Cloudflare, Inc. has a 1 year low of $66.24 and a 1 year high of $177.37. The firm's fifty day moving average is $116.55 and its 200-day moving average is $117.02.

Cloudflare (NYSE:NET - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.21). Cloudflare had a negative net margin of 4.72% and a negative return on equity of 5.52%. As a group, sell-side analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on NET. Mizuho upgraded Cloudflare from a "neutral" rating to an "outperform" rating and set a $135.00 target price for the company in a research report on Wednesday, April 16th. JMP Securities boosted their price objective on shares of Cloudflare from $135.00 to $180.00 and gave the company a "market outperform" rating in a research report on Friday, February 7th. DZ Bank downgraded shares of Cloudflare from a "hold" rating to a "sell" rating and set a $145.00 target price on the stock. in a research note on Tuesday, February 11th. JPMorgan Chase & Co. lifted their price target on shares of Cloudflare from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Finally, Susquehanna boosted their price target on Cloudflare from $95.00 to $170.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, Cloudflare has an average rating of "Hold" and a consensus price target of $137.70.

Cloudflare 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.