Cloudflare, Inc. (NYSE:NET) CFO Thomas J. Seifert sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 8th. The stock was sold at an average price of $89.48, for a total transaction of $1,789,600.00. Following the transaction, the chief financial officer now owns 70,156 shares of the company’s stock, valued at approximately $6,277,558.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
NYSE NET opened at $93.47 on Friday. The stock has a market capitalization of $29.03 billion, a PE ratio of -222.55 and a beta of 0.03. Cloudflare, Inc. has a 52-week low of $27.92 and a 52-week high of $95.77. The business’s 50-day moving average price is $77.59. The company has a quick ratio of 6.78, a current ratio of 6.78 and a debt-to-equity ratio of 0.49.
Cloudflare (NYSE:NET) last issued its earnings results on Thursday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.01). Cloudflare had a negative net margin of 26.49% and a negative return on equity of 11.84%. The company had revenue of $138.06 million during the quarter, compared to analysts’ expectations of $131.26 million. On average, equities research analysts predict that Cloudflare, Inc. will post -0.44 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the business. Rehmann Capital Advisory Group purchased a new position in Cloudflare in the first quarter valued at about $251,000. Principal Financial Group Inc. increased its holdings in Cloudflare by 1.0% in the first quarter. Principal Financial Group Inc. now owns 263,619 shares of the company’s stock valued at $18,522,000 after buying an additional 2,619 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in Cloudflare by 11.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 139,228 shares of the company’s stock valued at $9,783,000 after buying an additional 14,000 shares in the last quarter. Beacon Investment Advisory Services Inc. purchased a new position in Cloudflare in the first quarter valued at about $421,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Cloudflare in the first quarter valued at about $200,000. 61.67% of the stock is owned by institutional investors.
Cloudflare Company Profile
CloudFlare, Inc operates a cloud platform that delivers a range of network 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 Internet of Things (IoT) devices.
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