Cloudflare, Inc. (NYSE:NET) CFO Thomas J. Seifert sold 20,000 shares of Cloudflare stock in a transaction dated Tuesday, September 14th. The shares were sold at an average price of $127.31, for a total transaction of $2,546,200.00. Following the completion of the sale, the chief financial officer now owns 70,156 shares in the company, valued at $8,931,560.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of NET opened at $133.49 on Friday. Cloudflare, Inc. has a one year low of $34.53 and a one year high of $133.95. The company has a 50-day moving average of $119.75 and a two-hundred day moving average of $94.62. The stock has a market cap of $41.71 billion, a price-to-earnings ratio of -296.64 and a beta of 0.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 5.72 and a quick ratio of 5.72.
Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, August 5th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.04. The business had revenue of $152.43 million during the quarter, compared to analysts’ expectations of $146.22 million. Cloudflare had a negative net margin of 25.63% and a negative return on equity of 12.61%. Analysts anticipate that Cloudflare, Inc. will post -0.46 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp acquired a new stake in shares of Cloudflare during the first quarter worth approximately $3,198,000. Clear Harbor Asset Management LLC boosted its holdings in shares of Cloudflare by 6.2% during the second quarter. Clear Harbor Asset Management LLC now owns 21,717 shares of the company’s stock worth $2,299,000 after purchasing an additional 1,270 shares during the period. CIBC Asset Management Inc lifted its stake in Cloudflare by 1,619.3% in the first quarter. CIBC Asset Management Inc now owns 188,661 shares of the company’s stock valued at $13,255,000 after acquiring an additional 177,688 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Cloudflare by 112.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 37,432 shares of the company’s stock worth $2,844,000 after purchasing an additional 19,809 shares during the last quarter. Finally, Aviva PLC raised its holdings in shares of Cloudflare by 62.4% during the 1st quarter. Aviva PLC now owns 55,782 shares of the company’s stock valued at $3,919,000 after purchasing an additional 21,426 shares in the last quarter. Institutional investors and hedge funds own 66.94% of the company’s stock.
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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