Cloudflare, Inc. (NYSE:NET) Shares Sold by Generali Investments Towarzystwo Funduszy Inwestycyjnych

Generali Investments Towarzystwo Funduszy Inwestycyjnych lowered its stake in shares of Cloudflare, Inc. (NYSE:NET) by 8.3% during the fourth quarter, Holdings Channel reports. The fund owned 22,000 shares of the company’s stock after selling 2,000 shares during the quarter. Cloudflare comprises 1.4% of Generali Investments Towarzystwo Funduszy Inwestycyjnych’s portfolio, making the stock its 22nd biggest holding. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Cloudflare were worth $2,369,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new stake in Cloudflare in the 3rd quarter worth about $38,000. Quarry LP boosted its stake in Cloudflare by 38.6% in the 3rd quarter. Quarry LP now owns 478 shares of the company’s stock worth $39,000 after buying an additional 133 shares during the last quarter. Quest Partners LLC acquired a new stake in Cloudflare in the 3rd quarter worth about $54,000. Versant Capital Management Inc boosted its stake in Cloudflare by 44.9% in the 4th quarter. Versant Capital Management Inc now owns 549 shares of the company’s stock worth $59,000 after buying an additional 170 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Cloudflare by 59.0% in the 4th quarter. GAMMA Investing LLC now owns 585 shares of the company’s stock worth $63,000 after buying an additional 217 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on NET shares. UBS Group raised their price target on Cloudflare from $130.00 to $165.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Robert W. Baird restated a “neutral” rating and issued a $140.00 price objective (up from $125.00) on shares of Cloudflare in a report on Monday, February 3rd. Cantor Fitzgerald raised their price objective on Cloudflare from $111.00 to $149.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Jefferies Financial Group raised their price objective on Cloudflare from $100.00 to $125.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Finally, DZ Bank downgraded Cloudflare from a “hold” rating to a “sell” rating and set a $145.00 price objective on the stock. in a report on Tuesday, February 11th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $136.28.

Cloudflare Price Performance

Shares of NYSE NET opened at $140.74 on Friday. Cloudflare, Inc. has a fifty-two week low of $66.24 and a fifty-two week high of $177.37. The business has a 50 day moving average price of $132.01 and a two-hundred day moving average price of $104.71. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 1.32. The firm has a market cap of $48.30 billion, a PE ratio of -639.73 and a beta of 1.12.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.21). Cloudflare had a negative net margin of 4.72% and a negative return on equity of 5.52%. Sell-side analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Cloudflare

In other news, insider Michelle Zatlyn sold 35,099 shares of Cloudflare stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $164.84, for a total value of $5,785,719.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas James Kramer sold 2,481 shares of Cloudflare stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $131.66, for a total value of $326,648.46. Following the completion of the transaction, the insider now owns 175,688 shares of the company’s stock, valued at approximately $23,131,082.08. The trade was a 1.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 638,046 shares of company stock worth $81,243,344 in the last 90 days. 12.83% of the stock is owned by corporate insiders.

Cloudflare Profile

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.