Cloudflare, Inc. (NYSE:NET – Get Rating) CFO Thomas J. Seifert sold 10,000 shares of the company’s stock in a transaction on Tuesday, April 12th. The stock was sold at an average price of $115.06, for a total transaction of $1,150,600.00. Following the completion of the transaction, the chief financial officer now owns 86,433 shares of the company’s stock, valued at $9,944,980.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
NET opened at $113.98 on Friday. The company has a current ratio of 6.78, a quick ratio of 6.78 and a debt-to-equity ratio of 1.41. Cloudflare, Inc. has a 1-year low of $64.84 and a 1-year high of $221.64. The firm’s 50 day simple moving average is $108.90 and its two-hundred day simple moving average is $134.23.
Cloudflare (NYSE:NET – Get Rating) last released its quarterly earnings results on Thursday, February 10th. The company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.04). Cloudflare had a negative return on equity of 15.45% and a negative net margin of 39.65%. The business had revenue of $193.60 million during the quarter, compared to the consensus estimate of $184.79 million. As a group, sell-side analysts predict that Cloudflare, Inc. will post -0.36 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NET. Morgan Stanley raised its position in shares of Cloudflare by 120.2% during the 2nd quarter. Morgan Stanley now owns 28,729,894 shares of the company’s stock valued at $3,040,771,000 after purchasing an additional 15,680,274 shares during the period. Assenagon Asset Management S.A. purchased a new position in Cloudflare during the third quarter valued at $274,000. Jackson Square Capital LLC grew its stake in Cloudflare by 0.6% during the third quarter. Jackson Square Capital LLC now owns 63,615 shares of the company’s stock valued at $7,166,000 after acquiring an additional 402 shares in the last quarter. Spire Wealth Management grew its stake in Cloudflare by 35.4% during the third quarter. Spire Wealth Management now owns 268 shares of the company’s stock valued at $30,000 after acquiring an additional 70 shares in the last quarter. Finally, Westpac Banking Corp grew its stake in Cloudflare by 234.0% during the third quarter. Westpac Banking Corp now owns 78,181 shares of the company’s stock valued at $8,807,000 after acquiring an additional 54,773 shares in the last quarter. Institutional investors and hedge funds own 66.28% of the company’s stock.
Cloudflare Company Profile (Get Rating)
CloudFlare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company offers 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.
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