Matthew Prince Sells 52,384 Shares of Cloudflare, Inc. (NYSE:NET) Stock
Cloudflare, Inc. (NYSE:NET – Get Rating) CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $54.66, for a total value of $2,863,309.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Matthew Prince also recently made the following trade(s):
- On Thursday, June 2nd, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $57.86, for a total value of $3,030,938.24.
- On Thursday, May 12th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $56.88, for a total value of $2,979,601.92.
- On Wednesday, April 6th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $109.65, for a total value of $5,743,905.60.
- On Monday, April 4th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $126.67, for a total value of $6,635,481.28.
Shares of Cloudflare stock traded down $0.63 on Monday, hitting $53.91. The company’s stock had a trading volume of 4,022,417 shares, compared to its average volume of 5,989,711. The company has a debt-to-equity ratio of 2.78, a quick ratio of 6.85 and a current ratio of 6.85. Cloudflare, Inc. has a 1 year low of $50.03 and a 1 year high of $221.64. The firm has a fifty day moving average price of $84.48 and a 200-day moving average price of $107.40. The company has a market capitalization of $17.59 billion, a price-to-earnings ratio of -64.95 and a beta of 1.06.
Cloudflare (NYSE:NET – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.10. Cloudflare had a negative return on equity of 17.74% and a negative net margin of 35.83%. The company had revenue of $212.20 million during the quarter, compared to analyst estimates of $205.66 million. During the same period in the previous year, the business earned ($0.11) EPS. Cloudflare’s quarterly revenue was up 53.7% on a year-over-year basis. As a group, analysts forecast that Cloudflare, Inc. will post -0.41 EPS for the current year.
Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC grew its position in shares of Cloudflare by 3.6% in the fourth quarter. International Assets Investment Management LLC now owns 2,987 shares of the company’s stock valued at $393,000 after purchasing an additional 104 shares in the last quarter. Signaturefd LLC grew its position in shares of Cloudflare by 1.2% in the first quarter. Signaturefd LLC now owns 10,606 shares of the company’s stock valued at $1,270,000 after purchasing an additional 125 shares in the last quarter. Private Capital Group LLC grew its position in shares of Cloudflare by 109.2% in the first quarter. Private Capital Group LLC now owns 251 shares of the company’s stock valued at $30,000 after purchasing an additional 131 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Cloudflare by 2.4% in the fourth quarter. Cetera Investment Advisers now owns 6,184 shares of the company’s stock valued at $813,000 after purchasing an additional 145 shares in the last quarter. Finally, Clearstead Advisors LLC grew its position in shares of Cloudflare by 93.8% in the first quarter. Clearstead Advisors LLC now owns 310 shares of the company’s stock valued at $37,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 69.96% of the company’s stock.
A number of research analysts have weighed in on NET shares. Citigroup lowered their target price on Cloudflare from $120.00 to $95.00 in a report on Friday, May 6th. Needham & Company LLC cut their target price on Cloudflare from $245.00 to $100.00 and set a “na” rating for the company in a research report on Monday, May 16th. Robert W. Baird cut their target price on Cloudflare from $210.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, February 11th. Wells Fargo & Company raised their price objective on Cloudflare from $95.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, February 11th. Finally, Royal Bank of Canada lowered their price objective on Cloudflare from $155.00 to $120.00 in a research note on Monday, May 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $130.02.
Cloudflare Company 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.
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