Cloudflare (NYSE:NET) Price Target Raised to $132.00

Cloudflare (NYSE:NETFree Report) had its price objective increased by KeyCorp from $94.00 to $132.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also issued reports on NET. Wells Fargo & Company increased their price target on Cloudflare from $95.00 to $125.00 and gave the stock an overweight rating in a research note on Friday. Oppenheimer raised shares of Cloudflare from a market perform rating to an outperform rating in a report on Tuesday, November 21st. Capital One Financial assumed coverage on shares of Cloudflare in a report on Wednesday, January 17th. They issued an equal weight rating and a $83.00 price target for the company. Mizuho increased their price objective on shares of Cloudflare from $73.00 to $105.00 and gave the stock a neutral rating in a research report on Friday. Finally, Morgan Stanley raised their target price on shares of Cloudflare from $55.00 to $60.00 and gave the stock an equal weight rating in a research report on Tuesday, November 7th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Cloudflare presently has an average rating of Hold and an average target price of $86.52.

Get Our Latest Analysis on NET

Cloudflare Trading Down 2.1 %

NYSE:NET opened at $105.64 on Friday. The company has a debt-to-equity ratio of 1.83, a current ratio of 3.89 and a quick ratio of 3.89. The firm has a market capitalization of $35.47 billion, a price-to-earnings ratio of -192.07 and a beta of 1.10. Cloudflare has a one year low of $39.90 and a one year high of $116.00. The business has a fifty day moving average price of $82.41 and a 200-day moving average price of $70.57.

Insiders Place Their Bets

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $71.22, for a total value of $3,730,788.48. Following the completion of the transaction, the chief executive officer now owns 269,047 shares in the company, valued at $19,161,527.34. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $71.22, for a total value of $3,730,788.48. Following the completion of the transaction, the chief executive officer now owns 269,047 shares in the company, valued at $19,161,527.34. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Scott D. Sandell sold 211,534 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $73.17, for a total transaction of $15,477,942.78. Following the transaction, the director now owns 6,325 shares of the company’s stock, valued at approximately $462,800.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 939,020 shares of company stock worth $74,143,110. Company insiders own 14.80% of the company’s stock.

Institutional Trading of Cloudflare

Hedge funds have recently bought and sold shares of the business. Yousif Capital Management LLC lifted its holdings in Cloudflare by 4.0% during the 4th quarter. Yousif Capital Management LLC now owns 3,399 shares of the company’s stock worth $283,000 after buying an additional 130 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in Cloudflare by 0.5% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 27,358 shares of the company’s stock worth $2,278,000 after acquiring an additional 132 shares in the last quarter. Quent Capital LLC grew its position in Cloudflare by 8.1% during the 4th quarter. Quent Capital LLC now owns 1,877 shares of the company’s stock worth $156,000 after purchasing an additional 140 shares during the last quarter. CWM LLC boosted its holdings in shares of Cloudflare by 3.4% in the third quarter. CWM LLC now owns 4,624 shares of the company’s stock valued at $291,000 after acquiring an additional 153 shares in the last quarter. Finally, RFG Advisory LLC raised its position in Cloudflare by 2.9% during the third quarter. RFG Advisory LLC now owns 5,957 shares of the company’s stock worth $376,000 after acquiring an additional 166 shares during the last quarter. Institutional investors and hedge funds own 73.14% of the company’s stock.

Cloudflare Company Profile

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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, secure origin connection, and rate limiting products.

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Analyst Recommendations for Cloudflare (NYSE:NET)

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