Cloudflare, Inc. (NYSE:NET) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors increased its stake in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 21.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 48,228 shares of the company's stock after buying an additional 8,401 shares during the period. Captrust Financial Advisors' holdings in Cloudflare were worth $5,193,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Larson Financial Group LLC boosted its holdings in shares of Cloudflare by 1,988.5% during the fourth quarter. Larson Financial Group LLC now owns 543 shares of the company's stock worth $58,000 after acquiring an additional 517 shares during the period. GAMMA Investing LLC raised its position in shares of Cloudflare by 59.0% in the fourth quarter. GAMMA Investing LLC now owns 585 shares of the company's stock valued at $63,000 after buying an additional 217 shares in the last quarter. Whittier Trust Co. raised its position in shares of Cloudflare by 120.5% in the fourth quarter. Whittier Trust Co. now owns 602 shares of the company's stock valued at $65,000 after buying an additional 329 shares in the last quarter. Sava Infond d.o.o. acquired a new stake in shares of Cloudflare in the fourth quarter valued at approximately $65,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Cloudflare in the fourth quarter valued at approximately $66,000. Institutional investors own 82.68% of the company's stock.

Insider Activity

In other news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $143.39, for a total transaction of $7,511,341.76. Following the completion of the sale, the chief executive officer now owns 413,413 shares of the company's stock, valued at approximately $59,279,290.07. The trade was a 11.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Janel Riley sold 4,327 shares of Cloudflare stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $167.60, for a total transaction of $725,205.20. Following the transaction, the chief accounting officer now directly owns 74,698 shares in the company, valued at approximately $12,519,384.80. The trade was a 5.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 492,492 shares of company stock worth $63,757,685 over the last 90 days. Corporate insiders own 12.83% of the company's stock.

Cloudflare Stock Performance

NET stock traded down $0.71 during trading on Thursday, reaching $153.79. The stock had a trading volume of 1,328,264 shares, compared to its average volume of 3,128,609. 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 firm has a market cap of $53.07 billion, a PE ratio of -698.93 and a beta of 1.78. Cloudflare, Inc. has a 52 week low of $66.24 and a 52 week high of $177.37. The stock's 50 day moving average is $116.93 and its two-hundred day moving average is $118.80.

Cloudflare (NYSE:NET - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Cloudflare had a negative return on equity of 5.52% and a negative net margin of 4.72%. The company had revenue of $479.09 million during the quarter, compared to analysts' expectations of $469.49 million. During the same quarter last year, the company earned $0.16 earnings per share. The company's revenue for the quarter was up 26.5% on a year-over-year basis. As a group, equities analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

NET has been the subject of a number of recent analyst reports. Robert W. Baird reaffirmed a "neutral" rating and set a $140.00 price target (up previously from $125.00) on shares of Cloudflare in a report on Monday, February 3rd. Baird R W downgraded shares of Cloudflare from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 3rd. Piper Sandler restated a "neutral" rating and set a $151.00 price objective (up from $112.00) on shares of Cloudflare in a research report on Friday, May 9th. Stifel Nicolaus boosted their price objective on shares of Cloudflare from $136.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group lowered their price objective on shares of Cloudflare from $170.00 to $150.00 and set a "hold" rating for the company in a research report on Friday, May 9th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $141.79.

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.