Tokio Marine Asset Management Co. Ltd. Has $1.15 Million Holdings in Cloudflare, Inc. (NYSE:NET)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,688 shares of the company’s stock after purchasing an additional 750 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Cloudflare were worth $1,151,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. CVA Family Office LLC increased its stake in Cloudflare by 121.3% in the third quarter. CVA Family Office LLC now owns 312 shares of the company’s stock valued at $25,000 after purchasing an additional 171 shares in the last quarter. Quarry LP increased its position in shares of Cloudflare by 73.4% during the second quarter. Quarry LP now owns 345 shares of the company’s stock worth $29,000 after acquiring an additional 146 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Cloudflare during the third quarter worth about $38,000. Versant Capital Management Inc increased its stake in Cloudflare by 44.9% in the 4th quarter. Versant Capital Management Inc now owns 549 shares of the company’s stock valued at $59,000 after buying an additional 170 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Cloudflare by 59.0% in the 4th quarter. GAMMA Investing LLC now owns 585 shares of the company’s stock valued at $63,000 after buying an additional 217 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on NET shares. BNP Paribas started coverage on shares of Cloudflare in a research report on Tuesday, October 8th. They set an “underperform” rating and a $65.00 target price for the company. Cantor Fitzgerald began coverage on shares of Cloudflare in a report on Friday, January 17th. They issued a “neutral” rating and a $111.00 price objective for the company. UBS Group raised their price target on shares of Cloudflare from $88.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Jefferies Financial Group raised their price target on shares of Cloudflare from $100.00 to $125.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Finally, Mizuho raised their price target on shares of Cloudflare from $102.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $112.32.

Insider Activity

In other news, COO Michelle Zatlyn sold 35,118 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $105.30, for a total transaction of $3,697,925.40. Following the completion of the transaction, the chief operating officer now directly owns 172,959 shares of the company’s stock, valued at $18,212,582.70. The trade was a 16.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thomas J. Seifert sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $109.90, for a total transaction of $1,648,500.00. Following the sale, the chief financial officer now directly owns 252,869 shares of the company’s stock, valued at approximately $27,790,303.10. This represents a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 616,257 shares of company stock valued at $67,256,408 over the last three months. Insiders own 12.83% of the company’s stock.

Cloudflare Trading Down 1.1 %

NYSE:NET opened at $136.88 on Tuesday. Cloudflare, Inc. has a one year low of $66.24 and a one year high of $142.41. 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 company’s 50-day simple moving average is $115.06 and its 200 day simple moving average is $95.15. The firm has a market capitalization of $46.98 billion, a P/E ratio of -526.47 and a beta of 1.10.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, November 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). The business had revenue of $430.08 million during the quarter, compared to analysts’ expectations of $423.65 million. Cloudflare had a negative net margin of 5.97% and a negative return on equity of 7.18%. As a group, analysts forecast that Cloudflare, Inc. will post -0.1 EPS 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.