3,870 Shares in Cloudflare, Inc. (NYSE:NET) Bought by Vise Technologies Inc.

Vise Technologies Inc. purchased a new position in Cloudflare, Inc. (NYSE:NET - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,870 shares of the company's stock, valued at approximately $417,000.

A number of other institutional investors have also recently made changes to their positions in NET. Crossmark Global Holdings Inc. acquired a new position in shares of Cloudflare in the 4th quarter valued at $259,000. Janney Montgomery Scott LLC increased its holdings in Cloudflare by 19.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 32,153 shares of the company's stock worth $3,462,000 after purchasing an additional 5,130 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in Cloudflare during the 4th quarter worth about $233,000. Blue Trust Inc. increased its holdings in shares of Cloudflare by 35.2% in the 4th quarter. Blue Trust Inc. now owns 3,308 shares of the company's stock valued at $356,000 after acquiring an additional 861 shares during the last quarter. Finally, Capital Asset Advisory Services LLC purchased a new position in shares of Cloudflare in the 4th quarter valued at about $249,000. 82.68% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cloudflare

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $117.32, for a total transaction of $6,145,690.88. Following the completion of the transaction, the chief executive officer now owns 413,413 shares in the company, valued at approximately $48,501,613.16. This represents a 11.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas J. Seifert sold 10,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $120.00, for a total transaction of $1,200,000.00. Following the transaction, the chief financial officer now owns 293,582 shares of the company's stock, valued at $35,229,840. This trade represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 501,085 shares of company stock worth $65,312,967. 12.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

NET has been the topic of several analyst reports. JMP Securities lifted their target price on Cloudflare from $135.00 to $180.00 and gave the company a "market outperform" rating in a research note on Friday, February 7th. The Goldman Sachs Group decreased their price objective on Cloudflare from $183.00 to $161.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. DZ Bank downgraded Cloudflare from a "hold" rating to a "sell" rating and set a $145.00 target price on the stock. in a research report on Tuesday, February 11th. CICC Research upgraded Cloudflare from a "market perform" rating to an "outperform" rating and set a $154.00 price objective on the stock in a report on Monday, May 12th. Finally, Morgan Stanley raised their target price on Cloudflare from $144.00 to $150.00 and gave the company an "overweight" rating in a report 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $141.79.

Cloudflare Price Performance

Shares of NYSE:NET traded up $2.53 on Thursday, reaching $164.51. The company's stock had a trading volume of 3,110,376 shares, compared to its average volume of 3,163,242. Cloudflare, Inc. has a 52-week low of $66.24 and a 52-week high of $177.37. The company has a market cap of $57.02 billion, a P/E ratio of -747.77 and a beta of 1.78. The company has a 50-day simple moving average of $125.11 and a 200 day simple moving average of $123.51. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.37 and a current ratio of 3.37.

Cloudflare (NYSE:NET - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.16 earnings per share 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 analyst estimates of $469.49 million. Cloudflare had a negative net margin of 4.72% and a negative return on equity of 5.52%. Cloudflare's revenue was up 26.5% on a year-over-year basis. During the same quarter last year, the business earned $0.16 earnings per share. As a group, equities research analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current fiscal 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.