Cloudflare, Inc. $NET Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in Cloudflare, Inc. (NYSE:NET) by 3.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 141,691 shares of the company’s stock after selling 4,843 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Cloudflare were worth $27,747,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Cloudflare by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 30,836,909 shares of the company’s stock valued at $3,475,011,000 after buying an additional 538,850 shares during the period. Geode Capital Management LLC increased its position in shares of Cloudflare by 5.1% during the second quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company’s stock worth $1,081,533,000 after acquiring an additional 270,227 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Cloudflare by 33.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock valued at $352,610,000 after acquiring an additional 786,063 shares in the last quarter. American Century Companies Inc. grew its stake in Cloudflare by 34.5% during the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after purchasing an additional 779,819 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Cloudflare by 1.7% during the 1st quarter. Northern Trust Corp now owns 1,880,888 shares of the company’s stock worth $211,957,000 after purchasing an additional 31,745 shares during the period. 82.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price objective on Cloudflare from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Guggenheim reissued a “sell” rating on shares of Cloudflare in a research report on Tuesday, October 21st. Stifel Nicolaus lifted their price objective on shares of Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Citizens Jmp boosted their target price on shares of Cloudflare from $250.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Friday, October 31st. Finally, Piper Sandler increased their target price on Cloudflare from $224.00 to $249.00 and gave the company a “neutral” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $235.35.

Cloudflare Trading Down 3.7%

NYSE NET opened at $202.83 on Tuesday. The firm’s fifty day moving average price is $221.74 and its 200 day moving average price is $196.61. Cloudflare, Inc. has a 12 month low of $89.42 and a 12 month high of $260.00. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. The company has a market capitalization of $71.05 billion, a price-to-earnings ratio of -676.11 and a beta of 2.10.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, Director Mark J. Hawkins sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $254.15, for a total value of $254,150.00. Following the completion of the sale, the director owned 10,990 shares in the company, valued at approximately $2,793,108.50. The trade was a 8.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Douglas James Kramer sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $255.53, for a total transaction of $766,590.00. Following the transaction, the insider owned 129,185 shares in the company, valued at approximately $33,010,643.05. This trade represents a 2.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 600,676 shares of company stock valued at $125,837,403. 10.89% of the stock is owned by insiders.

Cloudflare 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.