Capital International Ltd. CA Has $13.95 Million Position in Cloudflare, Inc. (NYSE:NET)

Capital International Ltd. CA increased its position in Cloudflare, Inc. (NYSE:NET) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,505 shares of the company’s stock after buying an additional 3,423 shares during the period. Capital International Ltd. CA’s holdings in Cloudflare were worth $13,945,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NET. Larson Financial Group LLC grew its position in Cloudflare by 1,988.5% in the 4th quarter. Larson Financial Group LLC now owns 543 shares of the company’s stock valued at $58,000 after purchasing an additional 517 shares during the period. Versant Capital Management Inc grew its holdings in Cloudflare by 44.9% during the fourth quarter. Versant Capital Management Inc now owns 549 shares of the company’s stock worth $59,000 after buying an additional 170 shares in the last quarter. GAMMA Investing LLC raised its position 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. Whittier Trust Co. lifted its stake in Cloudflare by 120.5% during the 4th quarter. Whittier Trust Co. now owns 602 shares of the company’s stock valued at $65,000 after acquiring an additional 329 shares in the last quarter. Finally, Sava Infond d.o.o. bought a new stake in shares of Cloudflare in the 4th quarter worth $65,000. 82.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on NET. Stifel Nicolaus upped their price objective on shares of Cloudflare from $136.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Susquehanna raised their price objective on shares of Cloudflare from $95.00 to $170.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Mizuho raised shares of Cloudflare from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a research report on Wednesday. Oppenheimer initiated coverage on shares of Cloudflare in a research report on Thursday, March 20th. They set an “outperform” rating and a $150.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their price objective on Cloudflare from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $134.84.

Cloudflare Stock Down 1.6 %

Shares of NYSE:NET opened at $107.81 on Friday. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 1.32. The stock’s 50-day moving average price is $129.32 and its 200-day moving average price is $113.82. The stock has a market capitalization of $37.20 billion, a P/E ratio of -490.03 and a beta of 1.59. Cloudflare, Inc. has a 12-month low of $66.24 and a 12-month high of $177.37.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.21). Cloudflare had a negative net margin of 4.72% and a negative return on equity of 5.52%. On average, equities analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Insider Transactions at Cloudflare

In other news, insider Michelle Zatlyn sold 25,640 shares of the company’s stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $109.03, for a total value of $2,795,529.20. Following the sale, the insider now directly owns 413,413 shares of the company’s stock, valued at $45,074,419.39. This represents a 5.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 directly owns 252,869 shares of the company’s stock, valued at $30,369,566.90. This represents a 10.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 579,389 shares of company stock valued at $74,559,343. Company insiders own 12.83% of the company’s stock.

About Cloudflare

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.