Universal Beteiligungs und Servicegesellschaft mbH Buys 7,716 Shares of Cloudflare, Inc. $NET

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Cloudflare by 4.5% in Q4, buying 7,716 shares to hold 177,902 shares (about 0.05%) valued at roughly $34.999 million.
• Cloudflare has a consensus rating of “Moderate Buy” with an average target price of $232.62, while recent analyst targets range broadly from $140 to $240 and include upgrades such as Piper Sandler to "overweight."
• Insiders have been net sellers recently: CFO Thomas Seifert sold 10,000 shares and Michelle Zatlyn sold 25,641 shares, with insiders offloading 624,247 shares worth about $122.1 million over the past 90 days.

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Cloudflare, Inc. (NYSE:NET - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,902 shares of the company's stock after acquiring an additional 7,716 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.05% of Cloudflare worth $34,999,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Rakuten Investment Management Inc. bought a new position in shares of Cloudflare in the 3rd quarter worth $138,660,000. Allianz Asset Management GmbH increased its position in Cloudflare by 322.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 65,182 shares of the company's stock valued at $13,987,000 after buying an additional 49,749 shares in the last quarter. National Pension Service increased its position in Cloudflare by 1.0% during the 3rd quarter. National Pension Service now owns 618,662 shares of the company's stock valued at $132,759,000 after buying an additional 5,939 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Cloudflare by 25.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company's stock valued at $323,259,000 after buying an additional 336,768 shares in the last quarter. Finally, Swedbank AB increased its position in Cloudflare by 27.7% during the 3rd quarter. Swedbank AB now owns 43,878 shares of the company's stock valued at $9,416,000 after buying an additional 9,527 shares in the last quarter. 82.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on NET shares. Royal Bank Of Canada upped their target price on Cloudflare from $230.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, February 11th. Scotiabank reduced their target price on Cloudflare from $255.00 to $225.00 and set a "sector perform" rating on the stock in a research report on Wednesday, February 11th. New Street Research set a $140.00 target price on Cloudflare in a research report on Wednesday, February 11th. Guggenheim upped their target price on Cloudflare from $117.00 to $140.00 and gave the company a "sell" rating in a research report on Wednesday, February 11th. Finally, Piper Sandler raised Cloudflare from a "neutral" rating to an "overweight" rating and set a $222.00 target price on the stock in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cloudflare currently has an average rating of "Moderate Buy" and an average target price of $232.62.

Cloudflare Stock Down 1.1%

Shares of NET opened at $205.21 on Friday. Cloudflare, Inc. has a 52 week low of $112.90 and a 52 week high of $260.00. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $72.23 billion, a price-to-earnings ratio of -707.61 and a beta of 1.87. The stock's 50-day moving average price is $198.40 and its 200-day moving average price is $200.66.

Cloudflare (NYSE:NET - Get Free Report) last issued its earnings results on Tuesday, February 10th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. Cloudflare had a negative return on equity of 7.24% and a negative net margin of 4.72%.The firm had revenue of $614.51 million for the quarter, compared to the consensus estimate of $591.67 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The company's revenue was up 33.6% compared to the same quarter last year. On average, sell-side analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insider Transactions at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 10,000 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $197.98, for a total transaction of $1,979,800.00. Following the transaction, the chief financial officer owned 221,681 shares in the company, valued at approximately $43,888,404.38. This represents a 4.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $209.15, for a total value of $5,362,815.15. Following the transaction, the insider owned 34,514 shares in the company, valued at $7,218,603.10. This represents a 42.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 624,247 shares of company stock valued at $122,080,874. 10.89% of the stock is owned by insiders.

Cloudflare Company Profile

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.

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