Douglas James Kramer Sells 3,000 Shares of Cloudflare, Inc. (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NETGet Free Report) insider Douglas James Kramer sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $97.16, for a total value of $291,480.00. Following the transaction, the insider now directly owns 205,238 shares in the company, valued at $19,940,924.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Douglas James Kramer also recently made the following trade(s):

  • On Monday, March 4th, Douglas James Kramer sold 3,000 shares of Cloudflare stock. The shares were sold at an average price of $99.64, for a total value of $298,920.00.
  • On Friday, February 9th, Douglas James Kramer sold 6,000 shares of Cloudflare stock. The shares were sold at an average price of $110.08, for a total value of $660,480.00.
  • On Thursday, February 1st, Douglas James Kramer sold 3,000 shares of Cloudflare stock. The shares were sold at an average price of $79.60, for a total value of $238,800.00.

Cloudflare Trading Down 0.3 %

Shares of NYSE:NET opened at $94.68 on Thursday. The company has a market cap of $31.97 billion, a P/E ratio of -172.14 and a beta of 1.12. The company has a debt-to-equity ratio of 1.68, a current ratio of 3.50 and a quick ratio of 3.50. Cloudflare, Inc. has a 1 year low of $39.90 and a 1 year high of $116.00. The stock’s fifty day moving average price is $94.54 and its 200-day moving average price is $79.22.

Cloudflare (NYSE:NETGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $362.47 million for the quarter, compared to the consensus estimate of $352.70 million. Cloudflare had a negative return on equity of 15.92% and a negative net margin of 14.19%. Sell-side analysts expect that Cloudflare, Inc. will post -0.2 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NET shares. Capital One Financial started coverage on Cloudflare in a research report on Wednesday, January 17th. They set an “equal weight” rating and a $83.00 price target on the stock. KeyCorp lifted their price target on Cloudflare from $94.00 to $132.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. DZ Bank lowered Cloudflare from a “buy” rating to a “hold” rating and set a $110.00 price target on the stock. in a research report on Tuesday, February 13th. Royal Bank of Canada lifted their price target on Cloudflare from $95.00 to $108.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Finally, Needham & Company LLC lifted their price target on Cloudflare from $110.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $87.50.

Get Our Latest Research Report on NET

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. ICA Group Wealth Management LLC purchased a new stake in Cloudflare during the fourth quarter valued at $38,000. GAMMA Investing LLC purchased a new stake in Cloudflare during the fourth quarter valued at $39,000. Sunbelt Securities Inc. purchased a new stake in Cloudflare during the first quarter valued at $29,000. Pingora Partners LLC purchased a new stake in Cloudflare during the fourth quarter valued at $42,000. Finally, Massmutual Trust Co. FSB ADV increased its position in Cloudflare by 1,976.9% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 540 shares of the company’s stock valued at $45,000 after acquiring an additional 514 shares during the last quarter. 82.68% of the stock is owned by institutional investors.

Cloudflare Company Profile

(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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Insider Buying and Selling by Quarter for Cloudflare (NYSE:NET)

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