Moody Lynn & Lieberson LLC Takes Position in Cloudflare, Inc. (NYSE:NET)

Moody Lynn & Lieberson LLC bought a new position in Cloudflare, Inc. (NYSE:NET - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 20,936 shares of the company's stock, valued at approximately $2,359,000.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in Cloudflare by 164.7% during the fourth quarter. Jones Financial Companies Lllp now owns 5,024 shares of the company's stock worth $541,000 after buying an additional 3,126 shares in the last quarter. LPL Financial LLC grew its position in Cloudflare by 3.4% during the 4th quarter. LPL Financial LLC now owns 122,171 shares of the company's stock worth $13,155,000 after acquiring an additional 3,989 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Cloudflare by 47.0% in the fourth quarter. Wellington Management Group LLP now owns 5,930 shares of the company's stock valued at $639,000 after buying an additional 1,896 shares in the last quarter. Yousif Capital Management LLC raised its stake in shares of Cloudflare by 2.5% in the first quarter. Yousif Capital Management LLC now owns 3,969 shares of the company's stock worth $447,000 after acquiring an additional 98 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Cloudflare during the first quarter valued at $27,000. 82.68% of the stock is currently owned by institutional investors.

Cloudflare Price Performance

Shares of NET traded up $5.62 during midday trading on Thursday, hitting $191.26. The company's stock had a trading volume of 1,848,809 shares, compared to its average volume of 3,158,154. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $66.29 billion, a price-to-earnings ratio of -831.54 and a beta of 1.85. Cloudflare, Inc. has a one year low of $69.26 and a one year high of $198.01. The company's fifty day simple moving average is $161.39 and its two-hundred day simple moving average is $137.31.

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 analysts' consensus estimates 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 4.62% and a negative return on equity of 6.31%. The firm's revenue was up 26.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 earnings per share. As a group, equities analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NET shares. Guggenheim increased their price target on Cloudflare from $68.00 to $70.00 and gave the stock a "sell" rating in a report on Friday, May 9th. Capital One Financial raised shares of Cloudflare from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 8th. Royal Bank Of Canada decreased their target price on shares of Cloudflare from $170.00 to $148.00 and set an "outperform" rating for the company in a research note on Thursday, March 13th. Oppenheimer restated an "outperform" rating and issued a $200.00 price objective (up previously from $165.00) on shares of Cloudflare in a research note on Thursday, June 5th. Finally, Cowen reaffirmed a "buy" rating on shares of Cloudflare in a report on Monday, June 16th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Cloudflare has a consensus rating of "Hold" and a consensus target price of $145.92.

Insider Buying and Selling at Cloudflare

In other news, CFO Thomas J. Seifert sold 41,556 shares of Cloudflare stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $156.78, for a total transaction of $6,515,149.68. Following the transaction, the chief financial officer owned 241,550 shares in the company, valued at approximately $37,870,209. The trade was a 14.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the firm's stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $100.88, for a total value of $5,284,497.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 530,987 shares of company stock worth $80,832,794. 10.89% of the stock is currently owned by company insiders.

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.