Vestmark Advisory Solutions Inc. Acquires Shares of 4,152 Cloudflare, Inc. (NYSE:NET)

Vestmark Advisory Solutions Inc. acquired a new stake in Cloudflare, Inc. (NYSE:NET) during the fourth quarter, Holdings Channel.com reports. The fund acquired 4,152 shares of the company’s stock, valued at approximately $447,000.

A number of other large investors have also recently made changes to their positions in NET. Capital Performance Advisors LLP bought a new position in shares of Cloudflare in the third quarter valued at $38,000. Quarry LP lifted its stake in shares of Cloudflare by 38.6% in the third quarter. Quarry LP now owns 478 shares of the company’s stock valued at $39,000 after buying an additional 133 shares in the last quarter. Quest Partners LLC bought a new position in shares of Cloudflare in the third quarter valued at $54,000. Versant Capital Management Inc lifted its stake in shares of Cloudflare by 44.9% in the fourth quarter. Versant Capital Management Inc now owns 549 shares of the company’s stock valued at $59,000 after buying an additional 170 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Cloudflare by 59.0% in the fourth quarter. GAMMA Investing LLC now owns 585 shares of the company’s stock valued at $63,000 after buying an additional 217 shares in the last quarter. 82.68% of the stock is owned by institutional investors.

Cloudflare Price Performance

NET stock opened at $126.57 on Friday. The firm has a 50 day moving average of $135.81 and a 200-day moving average of $107.33. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 1.32. Cloudflare, Inc. has a 12 month low of $66.24 and a 12 month high of $177.37. The firm has a market capitalization of $43.67 billion, a P/E ratio of -575.30 and a beta of 1.27.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, February 6th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.21). Cloudflare had a negative net margin of 4.72% and a negative return on equity of 5.52%. As a group, sell-side analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Cloudflare

In other news, COO Michelle Zatlyn sold 25,640 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $112.68, for a total value of $2,889,115.20. Following the completion of the sale, the chief operating officer now directly owns 172,959 shares in the company, valued at approximately $19,489,020.12. The trade was a 12.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Thomas J. Seifert sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $112.72, for a total transaction of $1,690,800.00. Following the completion of the sale, the chief financial officer now owns 252,869 shares of the company’s stock, valued at approximately $28,503,393.68. The trade was a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 623,046 shares of company stock worth $79,594,844 over the last three months. 12.83% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NET. Citigroup raised shares of Cloudflare from a “neutral” rating to a “buy” rating and raised their price objective for the company from $95.00 to $145.00 in a research note on Friday, January 17th. JMP Securities increased their target price on shares of Cloudflare from $135.00 to $180.00 and gave the company a “market outperform” rating in a report on Friday, February 7th. UBS Group increased their target price on shares of Cloudflare from $130.00 to $165.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Stifel Nicolaus increased their target price on shares of Cloudflare from $136.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, DZ Bank downgraded shares of Cloudflare from a “hold” rating to a “sell” rating and set a $145.00 target price for the company. in a report on Tuesday, February 11th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Cloudflare has a consensus rating of “Hold” and an average price target of $136.28.

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.