Dimensional Fund Advisors LP Buys 18,457 Shares of Cloudflare, Inc. (NYSE:NET)

Dimensional Fund Advisors LP raised its holdings in Cloudflare, Inc. (NYSE:NET - Free Report) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 361,607 shares of the company's stock after purchasing an additional 18,457 shares during the quarter. Dimensional Fund Advisors LP owned 0.11% of Cloudflare worth $38,943,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC raised its position in shares of Cloudflare by 1,988.5% during the 4th quarter. Larson Financial Group LLC now owns 543 shares of the company's stock worth $58,000 after acquiring an additional 517 shares in the last quarter. Versant Capital Management Inc raised its holdings in Cloudflare by 44.9% during the fourth quarter. Versant Capital Management Inc now owns 549 shares of the company's stock worth $59,000 after purchasing an additional 170 shares during the last quarter. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 217 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, Whittier Trust Co. increased its position in Cloudflare by 120.5% during the fourth quarter. Whittier Trust Co. now owns 602 shares of the company's stock worth $65,000 after buying an additional 329 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company's stock.

Insider Buying and Selling at Cloudflare

In other news, insider Douglas James Kramer sold 9,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $112.83, for a total value of $1,015,470.00. Following the completion of the sale, the insider now owns 188,406 shares of the company's stock, valued at $21,257,848.98. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Michelle Zatlyn sold 35,099 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $164.84, for a total value of $5,785,719.16. The disclosure for this sale can be found here. In the last three months, insiders sold 492,492 shares of company stock valued at $63,757,685. 12.83% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NET shares. Robert W. Baird reiterated a "neutral" rating and set a $140.00 price target (up from $125.00) on shares of Cloudflare in a report on Monday, February 3rd. Piper Sandler cut their price target on Cloudflare from $131.00 to $112.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Bank of America upgraded Cloudflare from an "underperform" rating to a "buy" rating and raised their price objective for the stock from $60.00 to $160.00 in a report on Tuesday, March 25th. UBS Group reduced their target price on Cloudflare from $165.00 to $135.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. lifted their price target on Cloudflare from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $137.70.

Cloudflare Stock Up 2.5 %

Shares of NET traded up $3.09 during trading on Thursday, reaching $124.80. The company's stock had a trading volume of 5,386,422 shares, compared to its average volume of 3,079,619. Cloudflare, Inc. has a twelve month low of $66.24 and a twelve month high of $177.37. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 1.32. The company has a market cap of $43.07 billion, a price-to-earnings ratio of -567.28 and a beta of 1.78. The company has a fifty day moving average of $116.19 and a two-hundred day moving average of $117.25.

Cloudflare (NYSE:NET - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.28). Cloudflare had a negative return on equity of 5.52% and a negative net margin of 4.72%. On average, sell-side analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

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.