Cloudflare, Inc. (NYSE:NET – Get Free Report) CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $210.02, for a total transaction of $11,001,687.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Matthew Prince also recently made the following trade(s):
- On Wednesday, April 8th, Matthew Prince sold 51,725 shares of Cloudflare stock. The shares were sold at an average price of $213.59, for a total transaction of $11,047,942.75.
- On Wednesday, April 8th, Matthew Prince sold 659 shares of Cloudflare stock. The shares were sold at an average price of $223.62, for a total transaction of $147,365.58.
- On Wednesday, March 18th, Matthew Prince sold 38,766 shares of Cloudflare stock. The shares were sold at an average price of $218.87, for a total transaction of $8,484,714.42.
- On Monday, March 16th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $209.08, for a total transaction of $10,952,446.72.
- On Wednesday, March 18th, Matthew Prince sold 13,618 shares of Cloudflare stock. The stock was sold at an average price of $227.80, for a total transaction of $3,102,180.40.
- On Thursday, February 26th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $173.78, for a total transaction of $9,103,291.52.
- On Tuesday, February 24th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $164.15, for a total transaction of $8,598,833.60.
- On Thursday, January 8th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $189.47, for a total value of $9,925,196.48.
Cloudflare Stock Performance
Cloudflare stock traded down $5.37 during mid-day trading on Wednesday, reaching $210.92. 4,118,601 shares of the company’s stock were exchanged, compared to its average volume of 4,528,759. The business’s fifty day simple moving average is $194.55 and its 200 day simple moving average is $202.49. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.35. Cloudflare, Inc. has a one year low of $96.41 and a one year high of $260.00. The firm has a market capitalization of $74.24 billion, a PE ratio of -727.27 and a beta of 1.87.
Hedge Funds Weigh In On Cloudflare
Hedge funds have recently made changes to their positions in the stock. HM Payson & Co. bought a new position in shares of Cloudflare in the fourth quarter valued at approximately $25,000. Physician Wealth Advisors Inc. boosted its position in shares of Cloudflare by 693.3% in the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after acquiring an additional 104 shares during the period. Wiser Advisor Group LLC bought a new position in shares of Cloudflare in the third quarter valued at approximately $26,000. Westside Investment Management Inc. boosted its position in shares of Cloudflare by 100.0% in the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after acquiring an additional 65 shares during the period. Finally, ORG Wealth Partners LLC boosted its position in shares of Cloudflare by 101.4% in the third quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock valued at $30,000 after acquiring an additional 70 shares during the period. 82.68% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
NET has been the topic of several research analyst reports. TD Cowen reiterated a “buy” rating on shares of Cloudflare in a research note on Tuesday, January 27th. Piper Sandler upped their price objective on Cloudflare from $220.00 to $222.00 and gave the company a “neutral” rating in a research note on Wednesday, February 11th. KeyCorp reiterated an “overweight” rating on shares of Cloudflare in a research note on Wednesday, February 11th. DZ Bank upgraded Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 price objective on the stock in a research note on Friday, February 13th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $224.00 target price on shares of Cloudflare in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $233.38.
Check Out Our Latest Stock Analysis on NET
About Cloudflare
Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.
In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.
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