Y.D. More Investments Ltd Trims Holdings in Cloudflare, Inc. (NYSE:NET)

Y.D. More Investments Ltd lessened its stake in Cloudflare, Inc. (NYSE:NET) by 1.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 32,021 shares of the company’s stock after selling 437 shares during the period. Y.D. More Investments Ltd’s holdings in Cloudflare were worth $3,448,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in NET. Hartline Investment Corp increased its stake in Cloudflare by 7.6% during the 3rd quarter. Hartline Investment Corp now owns 260,379 shares of the company’s stock worth $21,062,000 after buying an additional 18,426 shares during the period. WIM INVESTMENT MANAGEMENT Ltd acquired a new stake in shares of Cloudflare in the third quarter valued at $25,588,000. Charles Schwab Investment Management Inc. boosted its holdings in Cloudflare by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,157,815 shares of the company’s stock valued at $93,656,000 after purchasing an additional 29,960 shares during the period. National Pension Service increased its holdings in Cloudflare by 0.9% during the 3rd quarter. National Pension Service now owns 471,923 shares of the company’s stock worth $38,174,000 after purchasing an additional 4,062 shares during the period. Finally, Banque Cantonale Vaudoise grew its position in shares of Cloudflare by 20.8% during the third quarter. Banque Cantonale Vaudoise now owns 36,753 shares of the company’s stock worth $2,973,000 after buying an additional 6,326 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NET shares. Citigroup raised shares of Cloudflare from a “neutral” rating to a “buy” rating and increased their price objective for the company from $95.00 to $145.00 in a research report on Friday, January 17th. Scotiabank lifted their price target on Cloudflare from $87.00 to $110.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Baird R W lowered Cloudflare from a “strong-buy” rating to a “hold” rating in a research report on Monday. Robert W. Baird reiterated a “neutral” rating and issued a $140.00 price target (up from $125.00) on shares of Cloudflare in a research note on Monday. Finally, Morgan Stanley upped their target price on shares of Cloudflare from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $112.32.

Cloudflare Stock Up 2.4 %

Shares of NYSE:NET opened at $140.10 on Wednesday. The business’s 50-day simple moving average is $115.82 and its 200 day simple moving average is $95.58. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 1.32. Cloudflare, Inc. has a one year low of $66.24 and a one year high of $142.41.

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

Insiders Place Their Bets

In related news, CFO Thomas J. Seifert sold 31,136 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $120.10, for a total transaction of $3,739,433.60. Following the transaction, the chief financial officer now owns 252,869 shares in the company, valued at $30,369,566.90. This trade represents a 10.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michelle Zatlyn sold 35,118 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $105.30, for a total value of $3,697,925.40. Following the completion of the sale, the chief operating officer now directly owns 172,959 shares in the company, valued at $18,212,582.70. This represents a 16.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 616,257 shares of company stock valued at $67,256,408 over the last 90 days. 12.83% of the stock is owned by company insiders.

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.