Amalgamated Bank raised its holdings in shares of Cloudflare, Inc. (NYSE:NET – Get Rating) by 25.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,177 shares of the company's stock after acquiring an additional 5,986 shares during the quarter. Amalgamated Bank's holdings in Cloudflare were worth $3,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also modified their holdings of NET. Riverview Trust Co purchased a new position in shares of Cloudflare during the 1st quarter valued at $29,000. Private Capital Group LLC increased its holdings in shares of Cloudflare by 109.2% in the 1st quarter. Private Capital Group LLC now owns 251 shares of the company's stock worth $30,000 after buying an additional 131 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of Cloudflare by 93.8% in the 1st quarter. Clearstead Advisors LLC now owns 310 shares of the company's stock worth $37,000 after buying an additional 150 shares during the last quarter. Rise Advisors LLC bought a new position in Cloudflare during the 4th quarter valued at about $42,000. Finally, Proffitt & Goodson Inc. bought a new position in Cloudflare during the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 71.69% of the company's stock.
Get
Cloudflare alerts:
Cloudflare Stock Down 7.6 %
NET stock opened at $56.92 on Friday. The company has a fifty day moving average price of $61.73 and a 200 day moving average price of $71.53. Cloudflare, Inc. has a 12 month low of $38.96 and a 12 month high of $221.64. The company has a market cap of $18.57 billion, a price-to-earnings ratio of -62.55 and a beta of 1.10. The company has a debt-to-equity ratio of 2.47, a current ratio of 5.45 and a quick ratio of 5.45.
Cloudflare (NYSE:NET – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.07). The business had revenue of $234.52 million during the quarter, compared to analysts' expectations of $227.52 million. Cloudflare had a negative net
margin of 35.66% and a negative return on equity of 23.62%. Sell-side analysts expect that Cloudflare, Inc. will post -0.53 earnings per share for the current year.
Insider Buying and Selling at Cloudflare
In other Cloudflare news, CAO Paul D. Underwood sold 6,000 shares of the business's stock in a transaction on Friday, August 5th. The shares were sold at an average price of $70.00, for a total value of $420,000.00. Following the transaction, the chief accounting officer now directly owns 30,030 shares of the company's stock, valued at approximately $2,102,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Matthew Prince sold 52,384 shares of the company's stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $50.34, for a total transaction of $2,637,010.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Paul D. Underwood sold 6,000 shares of the company's stock in a transaction on Friday, August 5th. The stock was sold at an average price of $70.00, for a total transaction of $420,000.00. Following the transaction, the chief accounting officer now directly owns 30,030 shares in the company, valued at $2,102,100. The disclosure for this sale can be found here. In the last three months, insiders have sold 320,304 shares of company stock valued at $20,817,806. 15.99% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
NET has been the subject of several research reports. Royal Bank of Canada boosted their price objective on shares of Cloudflare from $62.00 to $74.00 in a research report on Friday, August 5th. Piper Sandler upped their price target on shares of Cloudflare from $57.00 to $73.00 and gave the stock a "neutral" rating in a research report on Friday, August 5th. Wells Fargo & Company decreased their target price on shares of Cloudflare from $60.00 to $42.00 and set an "equal weight" rating for the company in a research report on Monday, July 18th. Moffett Nathanson initiated coverage on shares of Cloudflare in a research note on Thursday. They issued a "buy" rating and a $114.00 price objective on the stock. Finally, Mizuho raised their price target on shares of Cloudflare from $76.00 to $85.00 and gave the company a "neutral" rating in a research report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $112.57.
Cloudflare Profile
(Get Rating)
CloudFlare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company offers 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.
Read More
- Get a free copy of the StockNews.com research report on Cloudflare (NET)
- What Steelcase's Earnings Say About the Return to the Office?
- The Institutions Hold On To Darden Restaurants International
- Is The Golden Age Of Homebuilding Already Over?
- These 3 Big Dividend Payers Also Boast Strong Price Growth
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
Receive News & Ratings for Cloudflare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloudflare and related companies with MarketBeat.com's FREE daily email newsletter.
