Raiffeisen Bank International AG Purchases New Holdings in Cloudflare, Inc. (NYSE:NET)

Raiffeisen Bank International AG bought a new stake in Cloudflare, Inc. (NYSE:NET - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,534 shares of the company's stock, valued at approximately $386,000.

A number of other institutional investors have also recently bought and sold shares of NET. Larson Financial Group LLC raised its position in shares of Cloudflare by 1,988.5% in the 4th quarter. Larson Financial Group LLC now owns 543 shares of the company's stock valued at $58,000 after acquiring an additional 517 shares during the period. CoreCap Advisors LLC lifted its position in shares of Cloudflare by 218.4% in the fourth quarter. CoreCap Advisors LLC now owns 554 shares of the company's stock worth $60,000 after purchasing an additional 380 shares in the last quarter. Sava Infond d.o.o. bought a new stake in Cloudflare during the fourth quarter worth about $65,000. Whittier Trust Co. raised its stake in shares of Cloudflare by 120.5% during the 4th quarter. Whittier Trust Co. now owns 602 shares of the company's stock worth $65,000 after purchasing an additional 329 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Cloudflare during the 4th quarter worth about $66,000. Institutional investors and hedge funds own 82.68% of the company's stock.

Cloudflare Stock Down 0.2%

Cloudflare stock traded down $0.26 during trading on Tuesday, hitting $157.26. 2,705,000 shares of the company were exchanged, compared to its average volume of 3,152,581. 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 company has a market capitalization of $54.27 billion, a P/E ratio of -714.82 and a beta of 1.78. The business's 50 day moving average is $120.03 and its 200 day moving average is $120.89. Cloudflare, Inc. has a 52 week low of $66.24 and a 52 week high of $177.37.

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

Insider Activity at Cloudflare

In related news, CEO Matthew Prince sold 2,311 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 413,413 shares of the company's stock, valued at approximately $44,545,250.75. This trade represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michelle Zatlyn sold 35,099 shares of the stock in a transaction dated 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. Insiders sold 592,933 shares of company stock worth $78,827,827 in the last 90 days. 12.83% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NET has been the topic of several research reports. Bank of America upgraded shares of Cloudflare from an "underperform" rating to a "buy" rating and upped their price objective for the company from $60.00 to $160.00 in a report on Tuesday, March 25th. UBS Group raised their price target on Cloudflare from $135.00 to $145.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. CICC Research raised Cloudflare from a "market perform" rating to an "outperform" rating and set a $154.00 target price on the stock in a report on Monday, May 12th. Wells Fargo & Company upped their price target on shares of Cloudflare from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Finally, Mizuho raised Cloudflare from a "neutral" rating to an "outperform" rating and set a $135.00 price target for the company in a research note on Wednesday, April 16th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Cloudflare currently has an average rating of "Hold" and an average price target of $141.79.

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.