Curi RMB Capital LLC Has $10.90 Million Position in Cloudflare, Inc. (NYSE:NET)

Curi RMB Capital LLC lifted its stake in shares of Cloudflare, Inc. (NYSE:NET) by 6.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 101,199 shares of the company’s stock after acquiring an additional 6,378 shares during the period. Curi RMB Capital LLC’s holdings in Cloudflare were worth $10,897,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CreativeOne Wealth LLC lifted its position in Cloudflare by 0.8% in the 4th quarter. CreativeOne Wealth LLC now owns 6,982 shares of the company’s stock valued at $752,000 after acquiring an additional 58 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in Cloudflare by 1.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 6,583 shares of the company’s stock valued at $709,000 after buying an additional 77 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in shares of Cloudflare by 3.3% in the fourth 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 during the last quarter. Baxter Bros Inc. boosted its holdings in Cloudflare by 3.8% during the fourth quarter. Baxter Bros Inc. now owns 2,750 shares of the company’s stock worth $296,000 after purchasing an additional 100 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in shares of Cloudflare by 4.3% during the 4th quarter. Chicago Partners Investment Group LLC now owns 2,529 shares of the company’s stock worth $293,000 after buying an additional 105 shares in the last quarter. 82.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on NET shares. Baird R W lowered Cloudflare from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. DZ Bank lowered shares of Cloudflare from a “hold” rating to a “sell” rating and set a $145.00 price target for the company. in a research note on Tuesday, February 11th. Susquehanna increased their price objective on Cloudflare from $95.00 to $170.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Bank of America raised Cloudflare from an “underperform” rating to a “buy” rating and upped their price target for the company from $60.00 to $160.00 in a research report on Tuesday, March 25th. Finally, Wells Fargo & Company boosted their price objective on Cloudflare from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $134.84.

Cloudflare Trading Down 1.6 %

Shares of NET stock opened at $107.81 on Friday. The business has a 50-day moving average price of $126.73 and a two-hundred day moving average price of $114.45. Cloudflare, Inc. has a 12-month low of $66.24 and a 12-month high of $177.37. 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 firm has a market cap of $37.20 billion, a P/E ratio of -490.03 and a beta of 1.59.

Cloudflare (NYSE:NET) last issued its quarterly earnings results 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%. Equities analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cloudflare news, CAO Janel Riley sold 4,327 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $167.60, for a total value of $725,205.20. Following the sale, the chief accounting officer now owns 74,698 shares of the company’s stock, valued at $12,519,384.80. This trade represents a 5.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thomas J. Seifert sold 31,136 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $120.10, for a total transaction of $3,739,433.60. Following the transaction, the chief financial officer now directly owns 252,869 shares of the company’s stock, valued at approximately $30,369,566.90. This trade represents a 10.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 579,389 shares of company stock valued at $74,559,343 over the last three months. Insiders own 12.83% of the company’s stock.

Cloudflare 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.