2,539 Shares in Cloudflare, Inc. (NYSE:NET) Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in Cloudflare, Inc. (NYSE:NET - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,539 shares of the company's stock, valued at approximately $273,000.

A number of other hedge funds have also recently bought and sold shares of NET. Brookstone Capital Management bought a new position in Cloudflare during the 4th quarter worth approximately $304,000. Assenagon Asset Management S.A. boosted its position in shares of Cloudflare by 38.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,781 shares of the company's stock worth $515,000 after buying an additional 1,326 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Cloudflare by 28.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 6,308 shares of the company's stock valued at $679,000 after purchasing an additional 1,390 shares during the period. Premier Path Wealth Partners LLC acquired a new position in Cloudflare during the 4th quarter valued at about $217,000. Finally, Aaron Wealth Advisors LLC bought a new stake in shares of Cloudflare during the 4th quarter worth about $213,000. Institutional investors and hedge funds own 82.68% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. DZ Bank cut shares of Cloudflare from a "hold" rating to a "sell" rating and set a $145.00 price objective for the company. in a report on Tuesday, February 11th. Oppenheimer boosted their price target on shares of Cloudflare from $150.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Susquehanna lowered their price objective on shares of Cloudflare from $170.00 to $140.00 and set a "neutral" rating on the stock in a research note on Monday, May 12th. JMP Securities increased their target price on shares of Cloudflare from $135.00 to $180.00 and gave the company a "market outperform" rating in a research note on Friday, February 7th. Finally, Stifel Nicolaus lifted their price target on shares of Cloudflare from $136.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $141.79.

Insider Buying and Selling

In other Cloudflare news, insider Douglas James Kramer sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $124.16, for a total transaction of $372,480.00. Following the completion of the sale, the insider now owns 185,406 shares of the company's stock, valued at $23,020,008.96. This represents a 1.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew Prince sold 2,311 shares of Cloudflare stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $107.75, for a total transaction of $249,010.25. Following the completion of the transaction, the chief executive officer now directly owns 413,413 shares in the company, valued at approximately $44,545,250.75. This represents a 0.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 592,933 shares of company stock worth $78,827,827. Corporate insiders own 12.83% of the company's stock.

Cloudflare Stock Down 0.2%

NET traded down $0.26 during trading on Tuesday, reaching $157.26. 2,705,000 shares of the stock traded hands, compared to its average volume of 3,152,581. The stock's 50-day simple moving average is $120.03 and its two-hundred day simple moving average is $120.89. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.37 and a quick ratio of 3.37. Cloudflare, Inc. has a fifty-two week low of $66.24 and a fifty-two week high of $177.37. The stock has a market cap of $54.27 billion, a price-to-earnings ratio of -714.82 and a beta of 1.78.

Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly 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 firm had revenue of $479.09 million during 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%. The company's quarterly revenue was up 26.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS. As a group, equities research analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

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.