Van Hulzen Asset Management LLC Has $869,000 Stock Position in Cloudflare, Inc. (NYSE:NET)

Van Hulzen Asset Management LLC increased its holdings in shares of Cloudflare, Inc. (NYSE:NETFree Report) by 205.2% during the third quarter, Holdings Channel reports. The fund owned 13,784 shares of the company’s stock after acquiring an additional 9,268 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Cloudflare were worth $869,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Baillie Gifford & Co. increased its holdings in shares of Cloudflare by 22.5% during the 2nd quarter. Baillie Gifford & Co. now owns 31,505,621 shares of the company’s stock worth $2,059,522,000 after acquiring an additional 5,787,888 shares during the last quarter. Capital World Investors increased its holdings in shares of Cloudflare by 56.7% during the 2nd quarter. Capital World Investors now owns 26,433,363 shares of the company’s stock worth $1,727,949,000 after acquiring an additional 9,560,273 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Cloudflare by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 23,358,000 shares of the company’s stock worth $2,795,953,000 after acquiring an additional 548,149 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of Cloudflare by 131,133.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 6,073,501 shares of the company’s stock worth $274,583,000 after acquiring an additional 6,068,873 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Cloudflare by 5.3% during the 1st quarter. State Street Corp now owns 5,552,609 shares of the company’s stock worth $664,647,000 after acquiring an additional 278,422 shares during the last quarter. 73.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NET. Oppenheimer raised Cloudflare from a “market perform” rating to an “outperform” rating in a report on Tuesday, November 21st. Royal Bank of Canada decreased their price objective on Cloudflare from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Susquehanna initiated coverage on Cloudflare in a report on Friday, December 15th. They issued a “neutral” rating and a $75.00 price objective on the stock. Piper Sandler decreased their price objective on Cloudflare from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Finally, KeyCorp upped their price objective on Cloudflare from $70.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 18th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $69.09.

Read Our Latest Report on NET

Cloudflare Stock Down 1.6 %

Shares of NET stock opened at $82.95 on Wednesday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 3.89 and a current ratio of 3.89. Cloudflare, Inc. has a twelve month low of $39.90 and a twelve month high of $87.17. The business has a fifty day simple moving average of $80.26 and a 200 day simple moving average of $69.32.

Cloudflare (NYSE:NETGet Free Report) last announced its quarterly earnings data on Thursday, November 2nd. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.03. Cloudflare had a negative return on equity of 17.71% and a negative net margin of 16.71%. The business had revenue of $335.60 million during the quarter, compared to the consensus estimate of $330.45 million. On average, research analysts predict that Cloudflare, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other Cloudflare news, CFO Thomas J. Seifert sold 400 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $80.00, for a total value of $32,000.00. Following the completion of the transaction, the chief financial officer now owns 243,495 shares of the company’s stock, valued at approximately $19,479,600. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Cloudflare news, General Counsel Douglas James Kramer sold 3,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $77.77, for a total value of $233,310.00. Following the completion of the transaction, the general counsel now owns 154,629 shares of the company’s stock, valued at approximately $12,025,497.33. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Thomas J. Seifert sold 400 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $80.00, for a total value of $32,000.00. Following the completion of the transaction, the chief financial officer now directly owns 243,495 shares of the company’s stock, valued at approximately $19,479,600. The disclosure for this sale can be found here. Insiders sold a total of 941,667 shares of company stock worth $71,329,871 in the last ninety days. 14.80% of the stock is owned by insiders.

Cloudflare Company Profile

(Free Report)

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, secure origin connection, and rate limiting products.

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Institutional Ownership by Quarter for Cloudflare (NYSE:NET)

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