Y.D. More Investments Ltd Has $3.45 Million Stock Position in Cloudflare, Inc. (NYSE:NET)

Y.D. More Investments Ltd decreased its position in Cloudflare, Inc. (NYSE:NET) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 32,021 shares of the company’s stock after selling 437 shares during the period. Y.D. More Investments Ltd’s holdings in Cloudflare were worth $3,448,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. CVA Family Office LLC lifted its position in shares of Cloudflare by 121.3% in the third quarter. CVA Family Office LLC now owns 312 shares of the company’s stock worth $25,000 after purchasing an additional 171 shares in the last quarter. Quarry LP raised its stake in shares of Cloudflare by 73.4% during the 2nd quarter. Quarry LP now owns 345 shares of the company’s stock worth $29,000 after purchasing an additional 146 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Cloudflare during the 3rd quarter valued at about $38,000. Versant Capital Management Inc grew its stake in shares of Cloudflare by 44.9% in the 4th 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 increased its holdings in Cloudflare by 59.0% in the fourth quarter. GAMMA Investing LLC now owns 585 shares of the company’s stock worth $63,000 after buying an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Insider Buying and Selling

In other news, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $89.06, for a total transaction of $4,665,319.04. Following the completion of the transaction, the chief executive officer now directly owns 192,177 shares of the company’s stock, valued at $17,115,283.62. This represents a 21.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michelle Zatlyn sold 35,118 shares of Cloudflare stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $105.30, for a total value of $3,697,925.40. Following the completion of the sale, the chief operating officer now directly owns 172,959 shares in the company, valued at approximately $18,212,582.70. This represents a 16.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 616,257 shares of company stock valued at $67,256,408. Company insiders own 12.83% of the company’s stock.

Cloudflare Price Performance

Shares of NYSE NET opened at $140.10 on Wednesday. Cloudflare, Inc. has a twelve month low of $66.24 and a twelve month high of $142.41. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.37 and a quick ratio of 3.37. The company’s fifty day moving average is $115.82 and its 200-day moving average is $95.58.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, November 7th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). Cloudflare had a negative net margin of 5.97% and a negative return on equity of 7.18%. The firm had revenue of $430.08 million for the quarter, compared to the consensus estimate of $423.65 million. On average, equities analysts predict that Cloudflare, Inc. will post -0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on NET. Royal Bank of Canada lifted their price target on Cloudflare from $99.00 to $123.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Mizuho raised their price target on shares of Cloudflare from $102.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Wells Fargo & Company upped their price objective on shares of Cloudflare from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. The Goldman Sachs Group upgraded Cloudflare from a “sell” rating to a “buy” rating and boosted their price target for the company from $77.00 to $140.00 in a research note on Thursday, January 2nd. Finally, Cantor Fitzgerald started coverage on shares of Cloudflare in a research note on Friday, January 17th. They set a “neutral” rating and a $111.00 price target for the company. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $112.32.

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.