Cloudflare, Inc. (NYSE:NET) Shares Purchased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. increased its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 1.7% in the fourth quarter, Holdings Channel reports. The firm owned 115,400 shares of the company’s stock after buying an additional 1,900 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Cloudflare were worth $12,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of NET. WIM INVESTMENT MANAGEMENT Ltd acquired a new stake in Cloudflare during the 3rd quarter worth $25,588,000. Parnassus Investments LLC lifted its stake in shares of Cloudflare by 1,851.9% in the 3rd quarter. Parnassus Investments LLC now owns 138,410 shares of the company’s stock worth $11,196,000 after acquiring an additional 131,319 shares during the period. Geode Capital Management LLC lifted its stake in shares of Cloudflare by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,834,558 shares of the company’s stock worth $390,130,000 after acquiring an additional 121,810 shares during the period. Generate Investment Management Ltd acquired a new stake in shares of Cloudflare in the 4th quarter worth $12,946,000. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Cloudflare by 70.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 280,826 shares of the company’s stock worth $22,716,000 after acquiring an additional 116,130 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Transactions at Cloudflare

In related news, insider Douglas James Kramer sold 2,481 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $131.66, for a total value of $326,648.46. Following the completion of the sale, the insider now directly owns 175,688 shares in the company, valued at approximately $23,131,082.08. The trade was a 1.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $145.04, for a total transaction of $7,597,775.36. Following the completion of the sale, the chief executive officer now owns 413,413 shares of the company’s stock, valued at approximately $59,961,421.52. The trade was a 11.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 638,046 shares of company stock worth $81,243,344 over the last ninety days. 12.83% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NET shares. Morgan Stanley raised their target price on shares of Cloudflare from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Oppenheimer cut shares of Cloudflare from an “outperform” rating to a “market perform” rating in a research note on Friday, February 7th. JMP Securities raised their target price on shares of Cloudflare from $135.00 to $180.00 and gave the stock a “market outperform” rating in a research note on Friday, February 7th. DZ Bank cut shares of Cloudflare from a “hold” rating to a “sell” rating and set a $145.00 target price for the company. in a research note on Tuesday, February 11th. Finally, Citigroup upgraded shares of Cloudflare from a “neutral” rating to a “buy” rating and raised their price objective for the company from $95.00 to $145.00 in a research note on Friday, January 17th. Four 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, the stock currently has a consensus rating of “Hold” and an average price target of $136.28.

Cloudflare Stock Performance

Shares of NYSE NET opened at $145.48 on Friday. The company has a market cap of $49.93 billion, a PE ratio of -661.26 and a beta of 1.12. Cloudflare, Inc. has a 12 month low of $66.24 and a 12 month high of $177.37. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.37 and a quick ratio of 3.37. The company has a 50-day simple moving average of $132.65 and a 200-day simple moving average of $104.96.

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

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.