Cloudflare, Inc. (NYSE:NET – Get Free Report) CAO Janel Riley sold 17,938 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $73.47, for a total transaction of $1,317,904.86. Following the transaction, the chief accounting officer now directly owns 87,270 shares in the company, valued at approximately $6,411,726.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Janel Riley also recently made the following trade(s):
- On Friday, August 16th, Janel Riley sold 3,495 shares of Cloudflare stock. The stock was sold at an average price of $81.65, for a total value of $285,366.75.
Cloudflare Trading Up 0.3 %
NYSE NET opened at $82.38 on Monday. The company’s fifty day moving average price is $79.48 and its two-hundred day moving average price is $85.03. The company has a market capitalization of $27.99 billion, a price-to-earnings ratio of -155.43 and a beta of 1.10. Cloudflare, Inc. has a 12 month low of $53.88 and a 12 month high of $116.00. The company has a debt-to-equity ratio of 1.61, a current ratio of 3.51 and a quick ratio of 3.51.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on NET. UBS Group raised Cloudflare from a “sell” rating to a “neutral” rating and boosted their price target for the company from $76.00 to $82.00 in a research report on Tuesday, June 25th. Needham & Company LLC reiterated a “buy” rating and set a $135.00 target price on shares of Cloudflare in a report on Friday, August 2nd. Guggenheim raised their price target on shares of Cloudflare from $50.00 to $57.00 and gave the company a “sell” rating in a report on Friday, August 2nd. Royal Bank of Canada boosted their price objective on shares of Cloudflare from $90.00 to $99.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $92.00 target price on shares of Cloudflare in a research note on Monday, June 17th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $92.29.
Get Our Latest Analysis on Cloudflare
Institutional Investors Weigh In On Cloudflare
Institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in shares of Cloudflare during the 4th quarter worth approximately $11,639,000. Cerity Partners LLC acquired a new position in shares of Cloudflare during the fourth quarter valued at approximately $649,000. NewEdge Wealth LLC acquired a new position in shares of Cloudflare during the fourth quarter valued at approximately $232,000. Simplicity Solutions LLC bought a new stake in Cloudflare during the fourth quarter worth approximately $257,000. Finally, Daiwa Securities Group Inc. lifted its position in Cloudflare by 4.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 17,652 shares of the company’s stock worth $1,470,000 after purchasing an additional 800 shares during the period. Institutional investors own 82.68% of the company’s stock.
About Cloudflare
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.
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