Cloudflare, Inc. (NYSE:NET) Receives $69.09 Consensus PT from Brokerages

Cloudflare, Inc. (NYSE:NETGet Free Report) has earned a consensus rating of “Hold” from the twenty-one ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $70.55.

Several brokerages recently commented on NET. Oppenheimer upgraded shares of Cloudflare from a “market perform” rating to an “outperform” rating in a report on Tuesday, November 21st. KeyCorp lifted their target price on shares of Cloudflare from $70.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 18th. Sanford C. Bernstein started coverage on shares of Cloudflare in a report on Thursday, January 18th. They issued a “market perform” rating and a $85.00 target price on the stock. Susquehanna started coverage on shares of Cloudflare in a research report on Friday, December 15th. They issued a “neutral” rating and a $75.00 price target on the stock. Finally, Capital One Financial started coverage on shares of Cloudflare in a research report on Wednesday, January 17th. They issued an “equal weight” rating and a $83.00 price target on the stock.

Check Out Our Latest Report on Cloudflare

Cloudflare Stock Down 2.2 %

Cloudflare stock opened at $80.85 on Tuesday. The company has a market capitalization of $27.15 billion, a P/E ratio of -132.54 and a beta of 1.10. The firm’s fifty day simple moving average is $80.81 and its 200-day simple moving average is $69.59. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 1.83. Cloudflare has a 1-year low of $39.90 and a 1-year high of $87.17.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, CFO Thomas J. Seifert sold 15,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $81.87, for a total value of $1,228,050.00. Following the transaction, the chief financial officer now directly owns 366,465 shares in the company, valued at $30,002,489.55. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Cloudflare news, Director Carl Ledbetter sold 66,384 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $86.88, for a total value of $5,767,441.92. Following the completion of the transaction, the director now directly owns 1,472,932 shares of the company’s stock, valued at $127,968,332.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Thomas J. Seifert sold 15,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $81.87, for a total transaction of $1,228,050.00. Following the completion of the transaction, the chief financial officer now directly owns 366,465 shares of the company’s stock, valued at $30,002,489.55. The disclosure for this sale can be found here. Insiders have sold a total of 943,492 shares of company stock worth $71,974,262 over the last ninety days. Corporate insiders own 14.80% of the company’s stock.

Institutional Investors Weigh In On Cloudflare

Several large investors have recently bought and sold shares of the company. Yousif Capital Management LLC increased its stake in Cloudflare by 4.0% in the fourth quarter. Yousif Capital Management LLC now owns 3,399 shares of the company’s stock valued at $283,000 after purchasing an additional 130 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in shares of Cloudflare by 0.5% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 27,358 shares of the company’s stock valued at $2,278,000 after buying an additional 132 shares during the period. Quent Capital LLC boosted its holdings in shares of Cloudflare by 8.1% in the fourth quarter. Quent Capital LLC now owns 1,877 shares of the company’s stock valued at $156,000 after buying an additional 140 shares during the period. CWM LLC boosted its holdings in shares of Cloudflare by 3.4% in the third quarter. CWM LLC now owns 4,624 shares of the company’s stock valued at $291,000 after buying an additional 153 shares during the period. Finally, RFG Advisory LLC boosted its holdings in shares of Cloudflare by 2.9% in the third quarter. RFG Advisory LLC now owns 5,957 shares of the company’s stock valued at $376,000 after buying an additional 166 shares during the period. Institutional investors own 73.14% of the company’s stock.

Cloudflare Company Profile

(Get 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.

Featured Stories

Analyst Recommendations for Cloudflare (NYSE:NET)

Receive News & Ratings for Cloudflare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloudflare and related companies with MarketBeat.com's FREE daily email newsletter.