Jefferies Financial Group Inc. Buys Shares of 2,539 Cloudflare, Inc. (NYSE:NET)

Jefferies Financial Group Inc. acquired a new position in Cloudflare, Inc. (NYSE:NET - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,539 shares of the company's stock, valued at approximately $273,000.

Other large investors also recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd bought a new stake in Cloudflare in the 4th quarter worth about $43,000. Larson Financial Group LLC grew its stake 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 valued at $58,000 after purchasing an additional 517 shares during the period. CoreCap Advisors LLC grew its stake in shares of Cloudflare by 218.4% during the 4th quarter. CoreCap Advisors LLC now owns 554 shares of the company's stock valued at $60,000 after purchasing an additional 380 shares during the period. Whittier Trust Co. grew 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 valued at $65,000 after purchasing an additional 329 shares during the period. Finally, Sava Infond d.o.o. bought a new stake in shares of Cloudflare during the 4th quarter valued at about $65,000. 82.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Capital One Financial upgraded Cloudflare from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 8th. The Goldman Sachs Group cut their price objective on Cloudflare from $183.00 to $161.00 and set a "buy" rating for the company in a research note on Friday, March 14th. JPMorgan Chase & Co. boosted their price objective on Cloudflare from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. 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 research note on Monday, May 12th. Finally, Oppenheimer boosted their price objective on Cloudflare from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $141.79.

Insider Buying and Selling at Cloudflare

In related news, insider Michelle Zatlyn sold 25,640 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $130.85, for a total value of $3,354,994.00. Following 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew Prince sold 2,311 shares of the firm's 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 directly owns 413,413 shares in the company, valued at approximately $44,545,250.75. This trade represents a 0.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 504,085 shares of company stock worth $65,810,967 in the last 90 days. 12.83% of the stock is owned by corporate insiders.

Cloudflare Trading Up 1.5%

Shares of NET traded up $2.47 during mid-day trading on Tuesday, hitting $172.17. The company had a trading volume of 1,994,693 shares, compared to its average volume of 3,130,488. Cloudflare, Inc. has a 1-year low of $66.24 and a 1-year high of $177.37. The business's 50-day simple moving average is $127.67 and its 200-day simple moving average is $125.52. 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 stock has a market cap of $59.68 billion, a PE ratio of -783.14 and a beta of 1.78.

Cloudflare (NYSE:NET - Get Free Report) last announced 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 company had revenue of $479.09 million for the quarter, compared to analysts' expectations of $469.49 million. Cloudflare had a negative net margin of 4.72% and a negative return on equity of 5.52%. The business's quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 earnings per share. Sell-side analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current 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.