Asset Management One Co. Ltd. Acquires 2,288 Shares of Cloudflare, Inc. (NYSE:NET)

Asset Management One Co. Ltd. raised its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 1.0% during the third quarter, HoldingsChannel reports. The fund owned 238,410 shares of the company’s stock after purchasing an additional 2,288 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Cloudflare were worth $19,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. CVA Family Office LLC raised its stake in shares of Cloudflare by 121.3% during the 3rd quarter. CVA Family Office LLC now owns 312 shares of the company’s stock valued at $25,000 after purchasing an additional 171 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Cloudflare by 595.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 278 shares of the company’s stock valued at $27,000 after buying an additional 238 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Cloudflare in the second quarter worth about $29,000. Quarry LP boosted its position in shares of Cloudflare by 73.4% in the second quarter. Quarry LP now owns 345 shares of the company’s stock valued at $29,000 after acquiring an additional 146 shares during the period. Finally, Versant Capital Management Inc grew its stake in Cloudflare by 1,202.9% during the second quarter. Versant Capital Management Inc now owns 456 shares of the company’s stock valued at $38,000 after acquiring an additional 421 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare Stock Performance

Cloudflare stock opened at $87.68 on Wednesday. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 1.46. The firm has a market cap of $29.96 billion, a P/E ratio of -302.34 and a beta of 1.10. Cloudflare, Inc. has a 1-year low of $61.34 and a 1-year high of $116.00. The firm has a 50-day moving average of $84.05 and a 200-day moving average of $80.50.

Analyst Ratings Changes

Several research firms have issued reports on NET. Susquehanna raised their price target on shares of Cloudflare from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Mizuho lifted their price objective on Cloudflare from $92.00 to $105.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Piper Sandler upped their target price on Cloudflare from $82.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Wolfe Research began coverage on Cloudflare in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Finally, Robert W. Baird upped their price objective on shares of Cloudflare from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $91.72.

Insider Buying and Selling at Cloudflare

In other news, CFO Thomas J. Seifert sold 15,000 shares of Cloudflare stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $86.79, for a total value of $1,301,850.00. Following the sale, the chief financial officer now directly owns 281,403 shares in the company, valued at approximately $24,422,966.37. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $93.95, for a total value of $4,921,476.80. Following the completion of the sale, the chief executive officer now directly owns 10,761 shares of the company’s stock, valued at approximately $1,010,995.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Thomas J. Seifert sold 15,000 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $86.79, for a total transaction of $1,301,850.00. Following the transaction, the chief financial officer now owns 281,403 shares in the company, valued at $24,422,966.37. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 529,427 shares of company stock valued at $43,755,195 in the last 90 days. Insiders own 12.83% of the company’s stock.

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.