Cloudflare, Inc. (NYSE:NET) Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd boosted its position in shares of Cloudflare, Inc. (NYSE:NET) by 18.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,287 shares of the company’s stock after acquiring an additional 2,355 shares during the period. Vinva Investment Management Ltd’s holdings in Cloudflare were worth $1,667,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Stratos Wealth Partners LTD. grew its holdings in Cloudflare by 1.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 6,583 shares of the company’s stock valued at $709,000 after purchasing an additional 77 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in Cloudflare by 3.3% during the 4th quarter. Atomi Financial Group Inc. now owns 2,966 shares of the company’s stock valued at $319,000 after purchasing an additional 94 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in Cloudflare by 4.3% during the 4th quarter. Chicago Partners Investment Group LLC now owns 2,529 shares of the company’s stock valued at $293,000 after purchasing an additional 105 shares in the last quarter. D.A. Davidson & CO. grew its holdings in Cloudflare by 0.5% during the 4th quarter. D.A. Davidson & CO. now owns 21,075 shares of the company’s stock valued at $2,269,000 after purchasing an additional 106 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in Cloudflare by 0.5% during the 4th quarter. Amalgamated Bank now owns 20,002 shares of the company’s stock valued at $2,154,000 after purchasing an additional 107 shares in the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Oppenheimer assumed coverage on shares of Cloudflare in a research note on Thursday. They set an “outperform” rating and a $150.00 price objective on the stock. Truist Financial increased their price objective on shares of Cloudflare from $120.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. JMP Securities increased their price objective on shares of Cloudflare from $135.00 to $180.00 and gave the company a “market outperform” rating in a research note on Friday, February 7th. UBS Group reduced their price objective on shares of Cloudflare from $165.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $140.00 price objective (up from $125.00) on shares of Cloudflare in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $131.64.

Cloudflare Trading Up 0.3 %

Shares of NYSE:NET opened at $117.89 on Friday. The company has a market cap of $40.68 billion, a PE ratio of -535.85 and a beta of 1.27. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 1.32. The company’s 50-day moving average price is $136.61 and its 200 day moving average price is $109.54. Cloudflare, Inc. has a fifty-two week low of $66.24 and a fifty-two week high of $177.37.

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

Insider Buying and Selling at Cloudflare

In other news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $113.73, for a total value of $5,957,632.32. Following the transaction, the chief executive officer now owns 10,762 shares of the company’s stock, valued at $1,223,962.26. The trade was a 82.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Janel Riley sold 4,327 shares of Cloudflare stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $167.60, for a total transaction of $725,205.20. Following the completion of the transaction, the chief accounting officer now directly owns 74,698 shares in the company, valued at $12,519,384.80. This represents a 5.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 556,766 shares of company stock valued at $72,579,200. Company insiders own 12.83% of the company’s stock.

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.