Capital International Ltd. CA Acquires 3,423 Shares of Cloudflare, Inc. (NYSE:NET)

Capital International Ltd. CA grew its position in Cloudflare, Inc. (NYSE:NET - Free Report) by 2.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 129,505 shares of the company's stock after purchasing an additional 3,423 shares during the period. Capital International Ltd. CA's holdings in Cloudflare were worth $13,945,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in NET. Wellington Management Group LLP increased its holdings in shares of Cloudflare by 4.8% during the third quarter. Wellington Management Group LLP now owns 4,034 shares of the company's stock worth $326,000 after buying an additional 186 shares in the last quarter. Advisory Resource Group grew its holdings in Cloudflare by 1.6% during the 3rd quarter. Advisory Resource Group now owns 12,611 shares of the company's stock worth $1,020,000 after acquiring an additional 195 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Cloudflare during the third quarter valued at approximately $1,268,000. Sanctuary Advisors LLC increased its holdings in shares of Cloudflare by 37.2% in the third quarter. Sanctuary Advisors LLC now owns 14,133 shares of the company's stock valued at $1,143,000 after purchasing an additional 3,835 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Cloudflare in the 3rd quarter valued at about $204,000. Institutional investors own 82.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NET shares. Robert W. Baird reissued a "neutral" rating and issued a $140.00 price target (up previously from $125.00) on shares of Cloudflare in a report on Monday, February 3rd. Bank of America upgraded Cloudflare from an "underperform" rating to a "buy" rating and lifted their price objective for the company from $60.00 to $160.00 in a report on Tuesday, March 25th. Guggenheim raised their target price on shares of Cloudflare from $57.00 to $68.00 and gave the stock a "sell" rating in a report on Friday, February 7th. Morgan Stanley dropped their price objective on shares of Cloudflare from $154.00 to $144.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, Royal Bank of Canada lowered their target price on Cloudflare from $170.00 to $148.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cloudflare presently has a consensus rating of "Hold" and an average price target of $134.84.

Insider Activity

In other Cloudflare news, insider Michelle Zatlyn sold 25,640 shares of the business's stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $109.03, for a total transaction of $2,795,529.20. Following the completion of the sale, the insider now directly owns 413,413 shares in the company, valued at $45,074,419.39. The trade was a 5.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew Prince sold 2,311 shares of the firm's stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $107.75, for a total value of $249,010.25. Following the completion of the transaction, the chief executive officer now directly owns 413,413 shares in the company, valued at approximately $44,545,250.75. This represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 522,613 shares of company stock valued at $67,732,853 in the last ninety days. 12.83% of the stock is currently owned by company insiders.

Cloudflare Stock Up 6.7 %

NET stock traded up $7.20 on Wednesday, reaching $114.01. 2,210,390 shares of the company traded hands, compared to its average volume of 3,174,775. The firm has a fifty day simple moving average of $123.93 and a 200-day simple moving average of $114.78. The company has a market cap of $39.34 billion, a P/E ratio of -518.23 and a beta of 1.59. Cloudflare, Inc. has a one year low of $66.24 and a one year high of $177.37. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.37 and a quick ratio of 3.37.

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

About Cloudflare

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.