Cloudflare, Inc. (NYSE:NET – Get Free Report) CFO Thomas J. Seifert sold 15,000 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $78.89, for a total value of $1,183,350.00. Following the completion of the sale, the chief financial officer now owns 309,937 shares in the company, valued at $24,450,929.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Cloudflare Trading Up 0.2 %
NYSE:NET opened at $78.66 on Monday. The business’s 50-day moving average is $77.18 and its two-hundred day moving average is $85.37. The firm has a market capitalization of $26.73 billion, a PE ratio of -148.42 and a beta of 1.10. Cloudflare, Inc. has a 12 month low of $53.88 and a 12 month high of $116.00. The company has a debt-to-equity ratio of 1.61, a current ratio of 3.51 and a quick ratio of 3.51.
Cloudflare (NYSE:NET – Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The business had revenue of $378.60 million for the quarter, compared to the consensus estimate of $372.93 million. Cloudflare had a negative return on equity of 12.78% and a negative net margin of 13.10%. Research analysts predict that Cloudflare, Inc. will post -0.19 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on NET shares. Cantor Fitzgerald restated a “neutral” rating and issued a $80.00 target price on shares of Cloudflare in a report on Friday, June 21st. Susquehanna decreased their target price on shares of Cloudflare from $115.00 to $80.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. Citigroup lowered their target price on shares of Cloudflare from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Oppenheimer reduced their price target on Cloudflare from $122.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Finally, Bank of America lifted their price objective on Cloudflare from $52.00 to $60.00 and gave the company an “underperform” rating in a research report on Friday, May 3rd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Cloudflare currently has a consensus rating of “Hold” and an average price target of $90.92.
Get Our Latest Stock Analysis on Cloudflare
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.
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