Michelle Zatlyn sells 33,330 shares of Cloudflare, Inc. (NYSE: NET)
Cloudflare, Inc. (NYSE: NET) COO Michelle Zatlyn sold 33,330 Cloudflare shares in a trade that took place on Wednesday, June 23. The shares were sold at an average price of $ 103.24, for a total trade of $ 3,440,989.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Michelle Zatlyn also recently completed the following transactions:
- On Friday, June 25, Michelle Zatlyn sold 33,330 Cloudflare shares. The shares were sold at an average price of $ 104.75, for a total transaction of $ 3,491,317.50.
- On Thursday, May 27, Michelle Zatlyn sold 33,330 Cloudflare shares. The stock was sold at an average price of $ 81.30, for a total trade of $ 2,709,729.00.
- On Tuesday, May 25, Michelle Zatlyn sold 33,330 Cloudflare shares. The shares were sold for an average price of $ 79.73, for a total value of $ 2,657,400.90.
- On Friday April 16, Michelle Zatlyn sold 33,350 Cloudflare shares. The stock was sold for an average price of $ 74.65, for a total value of $ 2,489,577.50.
- On Wednesday April 14, Michelle Zatlyn sold 33,350 Cloudflare shares. The shares were sold for an average price of $ 76.06, for a total value of $ 2,536,601.00.
Cloudflare shares traded up $ 0.27 on Friday, reaching $ 104.84. 10,084,251 shares of the company were traded, for an average volume of 4,356,194. The company has a 50-day moving average price of $ 83.48. The company has a market cap of $ 32.57 billion, a P / E ratio of -249.62 and a beta of 0.03. The company has a quick ratio of 6.78, a current ratio of 6.78, and a debt ratio of 0.49. Cloudflare, Inc. has a 52-week low of $ 32.69 and a 52-week high of $ 109.98.
Cloudflare (NYSE: NET) last released its results on Thursday, May 6. The company reported ($ 0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters consensus estimate of $ 0.10 per ($ 0.01). Cloudflare had a negative return on equity of 11.84% and a negative net margin of 26.49%. The company posted revenue of $ 138.06 million for the quarter, compared to a consensus estimate of $ 131.26 million. Analysts on the seller’s side predict that Cloudflare, Inc. will post earnings per share of -0.44 for the current fiscal year.
A number of hedge funds have recently bought and sold stocks. Geneos Wealth Management Inc. increased its stake in Cloudflare shares by 304.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,696 shares of the company valued at $ 482,000 after purchasing an additional 4,286 shares in the last quarter. Rehmann Capital Advisory Group acquired a new position in Cloudflare during the first quarter valued at $ 251,000. Principal Financial Group Inc. increased its holdings in Cloudflare by 1.0% in the first quarter. Principal Financial Group Inc. now owns 263,619 shares of the company valued at $ 18,522,000 after purchasing an additional 2,619 shares during the last quarter. The Kentucky State Teacher Pension System increased its stake in Cloudflare shares by 11.2% in the first quarter. The Kentucky State Teachers Retirement System now owns 139,228 shares of the company valued at $ 9,783,000 after purchasing an additional 14,000 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. acquired a new position in Cloudflare shares during the first quarter valued at approximately $ 421,000. 61.67% of the shares are currently held by institutional investors and hedge funds.
Several analysts recently weighed on NET stocks. Truist downgraded Cloudflare from a “hold” rating to a “buy” rating and raised its price target for the stock from $ 75 to $ 110 in a report released on Tuesday, March 23. Truist Financial upgraded Cloudflare shares from a “hold” rating to a “buy” rating in a research report published on Tuesday, March 23. Morgan Stanley raised its price target for Cloudflare shares from $ 88.00 to $ 91.00 and gave the stock an “equal weight” rating in a report released on Friday, May 7. Truist Securities upgraded Cloudflare from a “hold” rating to a “buy” rating and increased its price target for the company from $ 75.00 to $ 110.00 in a report released on Wednesday, March 24. Finally, Cowen provided coverage on Cloudflare in a research report on Wednesday, May 26. They established an “outperformance” rating and a target price of $ 100.00 for the company. One research analyst rated the stock with a sell rating, three assigned a conservation rating, and fifteen assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $ 83.65.
Cloudflare Company Profile
CloudFlare, Inc operates a cloud platform that provides a range of network services to businesses around the world. The company provides an integrated cloud-based security solution to secure a range of platform combinations, including public cloud, private cloud, on-premises applications, software as a service and Internet of Things devices. (IoT).
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