Ameliora Wealth Management Ltd. Buys Shares of 1,311 Cloudflare, Inc. (NYSE:NET)

Ameliora Wealth Management Ltd. bought a new stake in shares of Cloudflare, Inc. (NYSE:NET) in the fourth quarter, Holdings Channel.com reports. The firm bought 1,311 shares of the company’s stock, valued at approximately $141,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bleakley Financial Group LLC grew its holdings in Cloudflare by 16.0% during the fourth quarter. Bleakley Financial Group LLC now owns 4,199 shares of the company’s stock worth $452,000 after acquiring an additional 579 shares during the period. Choreo LLC lifted its holdings in shares of Cloudflare by 3.0% in the fourth quarter. Choreo LLC now owns 4,766 shares of the company’s stock valued at $519,000 after purchasing an additional 137 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in Cloudflare by 1.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 6,583 shares of the company’s stock valued at $709,000 after buying an additional 77 shares during the period. Calamos Wealth Management LLC acquired a new stake in Cloudflare during the 4th quarter worth about $341,000. Finally, Financial Life Planners purchased a new position in Cloudflare during the 4th quarter valued at about $81,000. Institutional investors own 82.68% of the company’s stock.

Cloudflare Stock Down 2.1 %

Shares of NYSE NET opened at $141.25 on Friday. The stock’s 50-day simple moving average is $116.71 and its two-hundred day simple moving average is $95.92. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.37 and a current ratio of 3.37. Cloudflare, Inc. has a twelve month low of $66.24 and a twelve month high of $144.30.

Cloudflare (NYSE:NET) last announced 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 return on equity of 7.18% and a negative net margin of 5.97%. On average, analysts predict that Cloudflare, Inc. will post -0.1 EPS for the current year.

Insider Activity

In other news, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $95.59, for a total value of $5,007,386.56. Following the sale, the chief executive officer now directly owns 192,177 shares of the company’s stock, valued at $18,370,199.43. The trade was a 21.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Michelle Zatlyn sold 35,118 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $105.30, for a total transaction of $3,697,925.40. Following the completion of the transaction, the chief operating officer now owns 172,959 shares in the company, valued at approximately $18,212,582.70. The trade was a 16.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 633,738 shares of company stock valued at $69,632,506. Corporate insiders own 12.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NET. Jefferies Financial Group lifted their price objective on Cloudflare from $100.00 to $125.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. The Goldman Sachs Group upgraded Cloudflare from a “sell” rating to a “buy” rating and upped their price target for the stock from $77.00 to $140.00 in a research note on Thursday, January 2nd. Scotiabank upped their target price on Cloudflare from $87.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Stifel Nicolaus raised shares of Cloudflare from a “hold” rating to a “buy” rating and lifted their price target for the company from $95.00 to $136.00 in a research report on Tuesday, December 17th. Finally, Needham & Company LLC upped their price objective on shares of Cloudflare from $110.00 to $160.00 and gave the stock a “buy” rating in a report on Monday. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $112.32.

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.