64,082 Shares in Cloudflare, Inc. (NYSE:NET) Purchased by Robocap Asset Management Ltd

Robocap Asset Management Ltd bought a new position in shares of Cloudflare, Inc. (NYSE:NET) in the fourth quarter, Holdings Channel.com reports. The firm bought 64,082 shares of the company’s stock, valued at approximately $6,900,000. Cloudflare accounts for 4.6% of Robocap Asset Management Ltd’s holdings, making the stock its 11th largest holding.

Several other large investors have also recently modified their holdings of NET. CVA Family Office LLC boosted its holdings in Cloudflare by 121.3% in the 3rd quarter. CVA Family Office LLC now owns 312 shares of the company’s stock worth $25,000 after buying an additional 171 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Cloudflare in the third quarter worth $38,000. Quarry LP grew its position in shares of Cloudflare by 38.6% in the third quarter. Quarry LP now owns 478 shares of the company’s stock valued at $39,000 after purchasing an additional 133 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Cloudflare by 44.9% during the 4th quarter. Versant Capital Management Inc now owns 549 shares of the company’s stock valued at $59,000 after purchasing an additional 170 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Cloudflare by 59.0% during the 4th quarter. GAMMA Investing LLC now owns 585 shares of the company’s stock worth $63,000 after purchasing an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Insider Activity

In other news, insider Douglas James Kramer sold 2,481 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $131.66, for a total transaction of $326,648.46. Following the sale, the insider now owns 175,688 shares in the company, valued at approximately $23,131,082.08. The trade was a 1.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas J. Seifert sold 15,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $136.63, for a total transaction of $2,049,450.00. Following the completion of the sale, the chief financial officer now directly owns 252,869 shares in the company, valued at $34,549,491.47. This represents a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 633,738 shares of company stock valued at $69,632,506. Company insiders own 12.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NET. Needham & Company LLC upped their price target on Cloudflare from $110.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Robert W. Baird reissued a “neutral” rating and issued a $140.00 price target (up from $125.00) on shares of Cloudflare in a report on Monday, February 3rd. Wells Fargo & Company upped their price target on shares of Cloudflare from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Baird R W lowered Cloudflare from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Scotiabank boosted their target price on Cloudflare from $87.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $128.48.

Cloudflare Trading Up 17.9 %

Shares of NET opened at $166.88 on Friday. Cloudflare, Inc. has a twelve month low of $66.24 and a twelve month high of $171.38. 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 firm has a fifty day simple moving average of $117.55 and a two-hundred day simple moving average of $96.24.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, February 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.21). Cloudflare had a negative return on equity of 5.52% and a negative net margin of 4.72%. As a group, equities analysts predict that Cloudflare, Inc. will post -0.04 earnings per share for the current fiscal year.

Cloudflare Company 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.