Vontobel Holding Ltd. Has $11.18 Million Stock Position in Cloudflare, Inc. (NYSE:NET)

Vontobel Holding Ltd. raised its position in Cloudflare, Inc. (NYSE:NETGet Rating) by 2.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 202,044 shares of the company’s stock after acquiring an additional 5,627 shares during the period. Vontobel Holding Ltd. owned approximately 0.06% of Cloudflare worth $11,175,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Antonetti Capital Management LLC bought a new position in shares of Cloudflare in the 2nd quarter worth $35,000. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Cloudflare by 82.6% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,176 shares of the company’s stock valued at $51,000 after buying an additional 532 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Cloudflare during the second quarter valued at about $52,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Cloudflare by 92.6% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,456 shares of the company’s stock worth $81,000 after acquiring an additional 700 shares in the last quarter. Finally, Sawtooth Solutions LLC bought a new stake in shares of Cloudflare during the first quarter worth about $215,000. Institutional investors and hedge funds own 69.97% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Thomas J. Seifert sold 20,000 shares of Cloudflare stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $45.07, for a total value of $901,400.00. Following the completion of the transaction, the chief financial officer now directly owns 86,433 shares in the company, valued at $3,895,535.31. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Cloudflare news, CFO Thomas J. Seifert sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $45.07, for a total value of $901,400.00. Following the completion of the transaction, the chief financial officer now owns 86,433 shares in the company, valued at approximately $3,895,535.31. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Douglas James Kramer sold 4,500 shares of Cloudflare stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $50.00, for a total value of $225,000.00. Following the transaction, the general counsel now directly owns 55,644 shares of the company’s stock, valued at approximately $2,782,200. The disclosure for this sale can be found here. Insiders have sold a total of 495,785 shares of company stock worth $22,885,776 over the last 90 days. Corporate insiders own 15.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on NET shares. JPMorgan Chase & Co. upgraded Cloudflare from an “underweight” rating to a “neutral” rating and set a $42.00 price target for the company in a research note on Monday, November 28th. Morgan Stanley decreased their price target on Cloudflare from $52.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday. Royal Bank of Canada dropped their price objective on Cloudflare from $74.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, November 4th. Macquarie assumed coverage on shares of Cloudflare in a research note on Wednesday, November 2nd. They issued a “neutral” rating and a $60.00 target price for the company. Finally, Cantor Fitzgerald raised their price target on shares of Cloudflare from $55.00 to $65.00 in a research report on Friday, November 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $75.13.

Cloudflare Trading Down 2.0 %

Shares of NET opened at $46.67 on Wednesday. Cloudflare, Inc. has a fifty-two week low of $37.37 and a fifty-two week high of $132.45. The business has a 50-day moving average of $45.65 and a 200 day moving average of $53.21. The firm has a market cap of $15.34 billion, a P/E ratio of -66.67 and a beta of 1.03. The company has a debt-to-equity ratio of 2.42, a quick ratio of 5.35 and a current ratio of 5.35.

Cloudflare (NYSE:NETGet Rating) last posted its earnings results on Thursday, November 3rd. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.02. Cloudflare had a negative net margin of 25.16% and a negative return on equity of 27.82%. The firm had revenue of $253.86 million during the quarter, compared to the consensus estimate of $250.20 million. As a group, research analysts forecast that Cloudflare, Inc. will post -0.4 EPS for the current year.

About Cloudflare

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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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Institutional Ownership by Quarter for Cloudflare (NYSE:NET)

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