Cloudflare, Inc. (NYSE:NET – Get Free Report) insider Michelle Zatlyn sold 35,099 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $164.84, for a total value of $5,785,719.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Michelle Zatlyn also recently made the following trade(s):
- On Friday, February 21st, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The shares were sold at an average price of $156.67, for a total transaction of $4,017,018.80.
- On Friday, January 24th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The shares were sold at an average price of $123.75, for a total transaction of $3,172,950.00.
- On Wednesday, January 22nd, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The stock was sold at an average price of $120.40, for a total transaction of $3,087,056.00.
- On Thursday, December 12th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The shares were sold at an average price of $113.16, for a total transaction of $2,901,422.40.
- On Tuesday, December 10th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The stock was sold at an average price of $112.68, for a total value of $2,889,115.20.
- On Wednesday, November 27th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The stock was sold at an average price of $100.44, for a total value of $2,575,281.60.
- On Monday, November 25th, Michelle Zatlyn sold 35,118 shares of Cloudflare stock. The shares were sold at an average price of $105.30, for a total value of $3,697,925.40.
Cloudflare Stock Down 2.9 %
Shares of NET opened at $151.83 on Friday. The company has a 50-day simple moving average of $130.11 and a 200-day simple moving average of $103.27. The firm has a market capitalization of $52.11 billion, a P/E ratio of -690.12 and a beta of 1.12. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.37 and a current ratio of 3.37. Cloudflare, Inc. has a 52 week low of $66.24 and a 52 week high of $177.37.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of Cloudflare from $123.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Cantor Fitzgerald upped their target price on Cloudflare from $111.00 to $149.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Morgan Stanley lifted their price target on Cloudflare from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Piper Sandler increased their price objective on Cloudflare from $92.00 to $153.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, Citigroup upgraded shares of Cloudflare from a “neutral” rating to a “buy” rating and lifted their target price for the company from $95.00 to $145.00 in a research note on Friday, January 17th. Four equities research analysts have 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.com, the company currently has a consensus rating of “Hold” and an average target price of $136.28.
Get Our Latest Analysis on NET
Institutional Trading of Cloudflare
Several institutional investors have recently made changes to their positions in the business. Creative Planning lifted its position in shares of Cloudflare by 17.8% during the 3rd quarter. Creative Planning now owns 31,519 shares of the company’s stock worth $2,550,000 after buying an additional 4,756 shares during the period. Bleakley Financial Group LLC increased its position in shares of Cloudflare by 9.5% during the 3rd quarter. Bleakley Financial Group LLC now owns 3,620 shares of the company’s stock worth $293,000 after purchasing an additional 313 shares in the last quarter. Blue Trust Inc. increased its position in shares of Cloudflare by 224.5% during the 3rd quarter. Blue Trust Inc. now owns 2,447 shares of the company’s stock worth $203,000 after purchasing an additional 1,693 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Cloudflare by 13.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 987 shares of the company’s stock worth $80,000 after purchasing an additional 119 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Cloudflare by 8.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,324 shares of the company’s stock worth $188,000 after purchasing an additional 176 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.
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.
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