Moloney Securities Asset Management LLC Has $664,000 Holdings in Cloudflare, Inc. (NYSE:NET)

Moloney Securities Asset Management LLC increased its holdings in Cloudflare, Inc. (NYSE:NET) by 53.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,212 shares of the company’s stock after acquiring an additional 2,850 shares during the period. Moloney Securities Asset Management LLC’s holdings in Cloudflare were worth $664,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in NET. Allspring Global Investments Holdings LLC grew its position in Cloudflare by 595.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 278 shares of the company’s stock worth $27,000 after purchasing an additional 238 shares in the last quarter. Private Advisor Group LLC grew its position in Cloudflare by 22.0% in the 1st quarter. Private Advisor Group LLC now owns 18,662 shares of the company’s stock worth $1,807,000 after purchasing an additional 3,362 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Cloudflare in the 1st quarter worth about $239,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Cloudflare by 13.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,185 shares of the company’s stock valued at $4,340,000 after acquiring an additional 5,392 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of Cloudflare by 86.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,800 shares of the company’s stock valued at $1,336,000 after acquiring an additional 6,405 shares during the period. 82.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NET has been the subject of a number of research reports. BNP Paribas initiated coverage on shares of Cloudflare in a research report on Tuesday, October 8th. They set an “underperform” rating and a $65.00 target price for the company. Cantor Fitzgerald upped their price target on shares of Cloudflare from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Mizuho upped their price target on shares of Cloudflare from $92.00 to $105.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird upped their price target on shares of Cloudflare from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Piper Sandler increased their target price on shares of Cloudflare from $82.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $91.72.

Insider Activity at Cloudflare

In related news, CEO Matthew Prince sold 52,384 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $93.95, for a total transaction of $4,921,476.80. Following the transaction, the chief executive officer now owns 10,761 shares of the company’s stock, valued at approximately $1,010,995.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Cloudflare news, CAO Janel Riley sold 3,495 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $81.65, for a total value of $285,366.75. Following the sale, the chief accounting officer now owns 80,183 shares of the company’s stock, valued at $6,546,941.95. This trade represents a 0.00 % 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, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $93.95, for a total transaction of $4,921,476.80. Following the completion of the sale, the chief executive officer now directly owns 10,761 shares in the company, valued at approximately $1,010,995.95. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 477,043 shares of company stock valued at $39,737,342. Insiders own 12.83% of the company’s stock.

Cloudflare Price Performance

NET stock opened at $92.49 on Thursday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 3.51 and a current ratio of 3.51. Cloudflare, Inc. has a 52 week low of $61.34 and a 52 week high of $116.00. The firm’s fifty day moving average is $84.30 and its 200 day moving average is $80.59. The firm has a market cap of $31.60 billion, a P/E ratio of -318.93 and a beta of 1.10.

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.