Cloudflare, Inc. (NYSE:NET – Get Free Report) Director Carl Ledbetter sold 7,988 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $64.79, for a total value of $517,542.52. Following the sale, the director now owns 1,818,631 shares of the company’s stock, valued at approximately $117,829,102.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Carl Ledbetter also recently made the following trade(s):
- On Wednesday, August 30th, Carl Ledbetter sold 30,191 shares of Cloudflare stock. The stock was sold at an average price of $63.28, for a total value of $1,910,486.48.
- On Wednesday, August 23rd, Carl Ledbetter sold 8,030 shares of Cloudflare stock. The stock was sold at an average price of $59.35, for a total transaction of $476,580.50.
- On Wednesday, August 16th, Carl Ledbetter sold 9,967 shares of Cloudflare stock. The stock was sold at an average price of $62.18, for a total transaction of $619,748.06.
- On Wednesday, August 2nd, Carl Ledbetter sold 30,115 shares of Cloudflare stock. The stock was sold at an average price of $65.72, for a total transaction of $1,979,157.80.
- On Wednesday, July 26th, Carl Ledbetter sold 8,030 shares of Cloudflare stock. The stock was sold at an average price of $64.80, for a total transaction of $520,344.00.
- On Wednesday, July 19th, Carl Ledbetter sold 9,999 shares of Cloudflare stock. The shares were sold at an average price of $74.36, for a total transaction of $743,525.64.
- On Wednesday, July 12th, Carl Ledbetter sold 7,986 shares of Cloudflare stock. The shares were sold at an average price of $68.97, for a total transaction of $550,794.42.
- On Wednesday, July 5th, Carl Ledbetter sold 30,145 shares of Cloudflare stock. The shares were sold at an average price of $64.76, for a total transaction of $1,952,190.20.
Cloudflare Stock Down 1.3 %
NET opened at $62.70 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 3.84 and a quick ratio of 3.84. The stock has a market capitalization of $20.95 billion, a price-to-earnings ratio of -93.57 and a beta of 0.94. The business has a 50-day moving average of $64.86 and a two-hundred day moving average of $61.19. Cloudflare, Inc. has a 12 month low of $37.37 and a 12 month high of $76.07.
Institutional Trading of Cloudflare
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans purchased a new stake in shares of Cloudflare during the 4th quarter worth about $725,000. Ellevest Inc. grew its holdings in shares of Cloudflare by 14.3% during the 1st quarter. Ellevest Inc. now owns 2,685 shares of the company’s stock worth $166,000 after purchasing an additional 335 shares during the period. AIA Group Ltd purchased a new stake in shares of Cloudflare during the 1st quarter worth about $357,000. Voya Investment Management LLC grew its holdings in shares of Cloudflare by 2.2% during the 4th quarter. Voya Investment Management LLC now owns 2,426,706 shares of the company’s stock worth $109,711,000 after purchasing an additional 51,684 shares during the period. Finally, Van ECK Associates Corp purchased a new stake in shares of Cloudflare during the 1st quarter worth about $919,000. Hedge funds and other institutional investors own 73.14% of the company’s stock.
Wall Street Analyst Weigh In
NET has been the subject of a number of recent analyst reports. Guggenheim downgraded Cloudflare from a “neutral” rating to a “sell” rating and set a $50.00 target price for the company. in a report on Monday, August 7th. Morgan Stanley reissued an “equal weight” rating and issued a $43.00 target price on shares of Cloudflare in a report on Monday, August 7th. Needham & Company LLC lifted their price target on Cloudflare from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Royal Bank of Canada lifted their price target on Cloudflare from $54.00 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. Finally, TD Cowen lifted their price target on Cloudflare from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $65.85.
Read Our Latest Research Report on Cloudflare
Cloudflare Company 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, secure origin connection, and rate limiting products.
Recommended Stories
- Five stocks we like better than Cloudflare
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- The Best 5 Small Cap AI Companies to Buy Now
- What Investors Need to Know to Beat the Market
- Miso Robotics Stock: Is an IPO Coming Soon?
- Stocks in the Dow: About the Dow Jones Industrial Average (DJIA)
- 3 Stocks to Play the Easing Food Supply Chain
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.
