Universal Beteiligungs und Servicegesellschaft mbH Has $16.51 Million Stock Holdings in Cloudflare, Inc. (NYSE:NET)

Universal Beteiligungs und Servicegesellschaft mbH trimmed its position in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 6.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,534 shares of the company's stock after selling 9,914 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Cloudflare were worth $16,513,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. CreativeOne Wealth LLC grew its holdings in Cloudflare by 0.8% during the 4th quarter. CreativeOne Wealth LLC now owns 6,982 shares of the company's stock valued at $752,000 after purchasing an additional 58 shares in the last quarter. Spire Wealth Management boosted its stake in Cloudflare by 11.0% during the 1st quarter. Spire Wealth Management now owns 962 shares of the company's stock valued at $108,000 after acquiring an additional 95 shares during the last quarter. Yousif Capital Management LLC boosted its stake in Cloudflare by 2.5% during the 1st quarter. Yousif Capital Management LLC now owns 3,969 shares of the company's stock valued at $447,000 after acquiring an additional 98 shares during the last quarter. Ellevest Inc. boosted its stake in Cloudflare by 2.3% during the 4th quarter. Ellevest Inc. now owns 4,538 shares of the company's stock valued at $489,000 after acquiring an additional 102 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in Cloudflare by 19.3% during the 1st quarter. Versant Capital Management Inc now owns 655 shares of the company's stock valued at $74,000 after acquiring an additional 106 shares during the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 34,270 shares of the business's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $200.17, for a total value of $6,859,825.90. Following the sale, the chief financial officer owned 241,550 shares of the company's stock, valued at $48,351,063.50. The trade was a 12.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Matthew Prince sold 52,384 shares of the business's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $184.58, for a total transaction of $9,669,038.72. Following the completion of the sale, the chief executive officer directly owned 381,213 shares in the company, valued at $70,364,295.54. This trade represents a 12.08% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 615,332 shares of company stock worth $106,709,878. 10.89% of the stock is currently owned by company insiders.

Cloudflare Stock Performance

NET stock traded up $6.91 on Friday, reaching $198.49. 2,697,354 shares of the company were exchanged, compared to its average volume of 3,072,157. Cloudflare, Inc. has a 12 month low of $69.26 and a 12 month high of $200.76. The stock's fifty day moving average price is $179.27 and its 200 day moving average price is $145.43. The firm has a market capitalization of $68.80 billion, a PE ratio of -863.00 and a beta of 1.85. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.20 and a quick ratio of 3.20.

Cloudflare (NYSE:NET - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). Cloudflare had a negative return on equity of 6.31% and a negative net margin of 4.62%. The company had revenue of $479.09 million for the quarter, compared to the consensus estimate of $469.49 million. During the same period last year, the firm posted $0.16 EPS. The company's revenue was up 26.5% compared to the same quarter last year. On average, research analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NET. Cowen restated a "buy" rating on shares of Cloudflare in a research report on Monday, June 16th. Piper Sandler restated a "neutral" rating and issued a $151.00 price target (up from $112.00) on shares of Cloudflare in a research report on Friday, May 9th. Susquehanna reduced their price target on shares of Cloudflare from $170.00 to $140.00 and set a "neutral" rating on the stock in a research report on Monday, May 12th. Wells Fargo & Company raised their price target on shares of Cloudflare from $200.00 to $225.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Mizuho raised their price target on shares of Cloudflare from $155.00 to $220.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $159.92.

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.