Cloudflare, Inc. (NYSE:NET - Get Free Report) Director Carl Ledbetter sold 7,991 shares of Cloudflare stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $94.05, for a total transaction of $751,553.55. Following the completion of the transaction, the director now directly owns 1,267,013 shares in the company, valued at $119,162,572.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Carl Ledbetter also recently made the following trade(s):
- On Wednesday, March 27th, Carl Ledbetter sold 9,993 shares of Cloudflare stock. The shares were sold at an average price of $100.16, for a total transaction of $1,000,898.88.
- On Wednesday, March 20th, Carl Ledbetter sold 7,968 shares of Cloudflare stock. The shares were sold at an average price of $95.08, for a total transaction of $757,597.44.
- On Wednesday, March 6th, Carl Ledbetter sold 8,022 shares of Cloudflare stock. The shares were sold at an average price of $98.35, for a total transaction of $788,963.70.
- On Wednesday, February 14th, Carl Ledbetter sold 44,220 shares of Cloudflare stock. The stock was sold at an average price of $100.16, for a total transaction of $4,429,075.20.
- On Wednesday, February 7th, Carl Ledbetter sold 7,962 shares of Cloudflare stock. The stock was sold at an average price of $81.42, for a total transaction of $648,266.04.
- On Wednesday, January 31st, Carl Ledbetter sold 10,031 shares of Cloudflare stock. The stock was sold at an average price of $80.91, for a total transaction of $811,608.21.
- On Wednesday, January 24th, Carl Ledbetter sold 7,982 shares of Cloudflare stock. The stock was sold at an average price of $85.06, for a total transaction of $678,948.92.
- On Monday, January 22nd, Carl Ledbetter sold 66,384 shares of Cloudflare stock. The stock was sold at an average price of $86.88, for a total transaction of $5,767,441.92.
- On Wednesday, January 17th, Carl Ledbetter sold 30,214 shares of Cloudflare stock. The stock was sold at an average price of $76.03, for a total transaction of $2,297,170.42.
- On Wednesday, January 10th, Carl Ledbetter sold 7,970 shares of Cloudflare stock. The shares were sold at an average price of $82.35, for a total transaction of $656,329.50.
Cloudflare Stock Down 1.5 %
Shares of NYSE:NET traded down $1.42 during trading on Thursday, hitting $93.25. The company's stock had a trading volume of 2,623,432 shares, compared to its average volume of 4,026,508. The business has a 50 day moving average price of $94.77 and a two-hundred day moving average price of $79.32. The company has a market capitalization of $31.49 billion, a PE ratio of -169.54 and a beta of 1.12. The company has a debt-to-equity ratio of 1.68, a quick ratio of 3.50 and a current ratio of 3.50. Cloudflare, Inc. has a fifty-two week low of $39.90 and a fifty-two week high of $116.00.
Cloudflare (NYSE:NET - Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The business had revenue of $362.47 million during the quarter, compared to the consensus estimate of $352.70 million. Cloudflare had a negative net margin of 14.19% and a negative return on equity of 15.92%. As a group, research analysts expect that Cloudflare, Inc. will post -0.2 EPS for the current fiscal year.
Institutional Investors Weigh In On Cloudflare
Institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new stake in shares of Cloudflare during the 1st quarter worth $29,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Cloudflare during the 3rd quarter worth $38,000. ICA Group Wealth Management LLC purchased a new stake in Cloudflare in the fourth quarter valued at $38,000. GAMMA Investing LLC purchased a new stake in Cloudflare in the fourth quarter valued at $39,000. Finally, Providence Capital Advisors LLC lifted its position in Cloudflare by 6,065.0% in the first quarter. Providence Capital Advisors LLC now owns 2,466 shares of the company's stock valued at $40,000 after acquiring an additional 2,426 shares during the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
NET has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on shares of Cloudflare from $53.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, February 9th. Wells Fargo & Company raised their price target on shares of Cloudflare from $95.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, February 9th. Sanford C. Bernstein assumed coverage on shares of Cloudflare in a research note on Thursday, January 18th. They issued a "market perform" rating and a $85.00 target price on the stock. Morgan Stanley raised their target price on shares of Cloudflare from $66.00 to $92.00 and gave the stock an "equal weight" rating in a research note on Monday, February 12th. Finally, Susquehanna raised their target price on shares of Cloudflare from $75.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, February 9th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $87.50.
Check Out Our Latest Stock Report on NET
About Cloudflare
(
Get Free Report)
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.
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