Nia Impact Advisors LLC Purchases 2,916 Shares of Cloudflare, Inc. (NYSE:NET)

Nia Impact Advisors LLC boosted its stake in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 7.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 41,911 shares of the company's stock after buying an additional 2,916 shares during the period. Cloudflare makes up approximately 1.5% of Nia Impact Advisors LLC's holdings, making the stock its 22nd largest holding. Nia Impact Advisors LLC's holdings in Cloudflare were worth $4,513,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Hartline Investment Corp lifted its position in Cloudflare by 1.5% during the 4th quarter. Hartline Investment Corp now owns 264,336 shares of the company's stock worth $28,464,000 after acquiring an additional 3,957 shares during the period. Birchcreek Wealth Management LLC acquired a new position in shares of Cloudflare in the 4th quarter valued at $215,000. Strategic Blueprint LLC purchased a new position in shares of Cloudflare during the fourth quarter worth $265,000. Clarendon Private LLC purchased a new stake in Cloudflare during the 4th quarter worth approximately $293,000. Finally, Savant Capital LLC purchased a new stake in Cloudflare during the 4th quarter worth about $237,000. 82.68% of the stock is owned by hedge funds and other institutional investors.

Cloudflare Stock Up 0.4%

Cloudflare stock traded up $0.66 during mid-day trading on Monday, reaching $157.85. The company's stock had a trading volume of 1,550,350 shares, compared to its average volume of 3,926,547. The company has a market capitalization of $54.47 billion, a price-to-earnings ratio of -717.50 and a beta of 1.78. The business's 50 day simple moving average is $118.38 and its 200 day simple moving average is $120.14. Cloudflare, Inc. has a 12 month low of $66.24 and a 12 month high of $177.37. 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 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company had revenue of $479.09 million for the quarter, compared to the consensus estimate of $469.49 million. Cloudflare had a negative return on equity of 5.52% and a negative net margin of 4.72%. The business's quarterly revenue was up 26.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. As a group, research analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Insider Transactions at Cloudflare

In related news, insider Douglas James Kramer sold 9,000 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $112.83, for a total transaction of $1,015,470.00. Following the transaction, the insider now directly owns 188,406 shares of the company's stock, valued at $21,257,848.98. This represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $143.39, for a total transaction of $7,511,341.76. Following the sale, the chief executive officer now owns 413,413 shares of the company's stock, valued at $59,279,290.07. This trade represents a 11.25% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 597,260 shares of company stock valued at $79,553,032. Company insiders own 12.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NET. Cantor Fitzgerald upped their target price on Cloudflare from $111.00 to $149.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Baird R W cut Cloudflare from a "strong-buy" rating to a "hold" rating in a report on Monday, February 3rd. Wells Fargo & Company lifted their target price on Cloudflare from $135.00 to $150.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Capital One Financial raised Cloudflare from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 8th. Finally, Scotiabank lifted their price target on Cloudflare from $87.00 to $110.00 and gave the stock a "sector perform" rating in a research note on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Cloudflare presently has a consensus rating of "Hold" and a consensus target price of $141.79.

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.