1,800 Shares in Cloudflare, Inc. (NYSE:NET) Bought by Fiduciary Planning LLC

Fiduciary Planning LLC purchased a new stake in Cloudflare, Inc. (NYSE:NET - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,800 shares of the company's stock, valued at approximately $203,000.

Several other hedge funds have also recently bought and sold shares of the business. Groupama Asset Managment acquired a new stake in Cloudflare in the 4th quarter valued at approximately $269,200,000. Norges Bank acquired a new position in Cloudflare in the fourth quarter worth $249,544,000. American Century Companies Inc. lifted its stake in shares of Cloudflare by 82.0% during the fourth quarter. American Century Companies Inc. now owns 2,257,601 shares of the company's stock valued at $243,098,000 after acquiring an additional 1,017,399 shares during the period. Fred Alger Management LLC lifted its stake in shares of Cloudflare by 856.3% during the fourth quarter. Fred Alger Management LLC now owns 934,286 shares of the company's stock valued at $100,604,000 after acquiring an additional 836,591 shares during the period. Finally, Invesco Ltd. lifted its stake in Cloudflare by 292.5% in the fourth quarter. Invesco Ltd. now owns 1,078,921 shares of the company's stock valued at $116,178,000 after buying an additional 804,059 shares during the period. 82.68% of the stock is owned by hedge funds and other institutional investors.

Cloudflare Trading Up 0.9%

NYSE NET traded up $1.69 during trading on Tuesday, hitting $179.49. The stock had a trading volume of 2,836,210 shares, compared to its average volume of 3,133,918. The company has a market capitalization of $62.21 billion, a PE ratio of -815.85 and a beta of 1.84. 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 firm has a 50 day moving average price of $135.02 and a 200 day moving average price of $128.56. Cloudflare, Inc. has a twelve month low of $69.26 and a twelve month high of $181.81.

Cloudflare (NYSE:NET - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.16 earnings per share 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 analysts' expectations of $469.49 million. Cloudflare had a negative return on equity of 5.52% and a negative net margin of 4.72%. Cloudflare's revenue for the quarter was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 EPS. As a group, equities research analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. CICC Research upgraded Cloudflare from a "market perform" rating to an "outperform" rating and set a $154.00 price objective for the company in a report on Monday, May 12th. Bank of America raised Cloudflare from an "underperform" rating to a "buy" rating and boosted their price target for the stock from $60.00 to $160.00 in a report on Tuesday, March 25th. DZ Bank cut Cloudflare from a "hold" rating to a "sell" rating and set a $145.00 target price for the company. in a report on Tuesday, February 11th. Capital One Financial raised Cloudflare from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 8th. Finally, Guggenheim lifted their target price on shares of Cloudflare from $68.00 to $70.00 and gave the stock a "sell" rating in a research note on Friday, May 9th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Cloudflare presently has a consensus rating of "Hold" and a consensus price target of $145.92.

Insider Buying and Selling

In other news, CEO Matthew Prince sold 52,384 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $117.32, for a total value of $6,145,690.88. Following the transaction, the chief executive officer now directly owns 413,413 shares in the company, valued at $48,501,613.16. This trade represents a 11.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michelle Zatlyn sold 25,640 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $130.85, for a total value of $3,354,994.00. Following the completion of the sale, the insider now owns 413,413 shares of the company's stock, valued at approximately $54,095,091.05. This trade represents a 5.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 555,976 shares of company stock valued at $74,746,733 over the last quarter. Company insiders own 12.83% of the company's stock.

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.