Schroder Investment Management Group Has $35.75 Million Stock Holdings in Cloudflare, Inc. (NYSE:NET)

Schroder Investment Management Group trimmed its position in Cloudflare, Inc. (NYSE:NET) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 327,914 shares of the company’s stock after selling 245 shares during the quarter. Schroder Investment Management Group owned about 0.10% of Cloudflare worth $35,752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of NET. Hartline Investment Corp boosted its holdings in Cloudflare by 1.5% during the fourth quarter. Hartline Investment Corp now owns 264,336 shares of the company’s stock valued at $28,464,000 after acquiring an additional 3,957 shares during the period. Birchcreek Wealth Management LLC acquired a new position in shares of Cloudflare during the 4th quarter worth about $215,000. Strategic Blueprint LLC bought a new stake in Cloudflare during the 4th quarter valued at approximately $265,000. Clarendon Private LLC acquired a new stake in shares of Cloudflare in the fourth quarter worth $293,000. Finally, Savant Capital LLC bought a new stake in Cloudflare in the 4th quarter valued at $237,000. 82.68% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Thomas J. Seifert sold 15,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $113.81, for a total value of $1,707,150.00. Following the transaction, the chief financial officer now directly owns 252,869 shares in the company, valued at $28,779,020.89. This represents a 5.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Douglas James Kramer sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $112.83, for a total transaction of $1,015,470.00. Following the completion of the transaction, the insider now directly owns 188,406 shares in the company, valued at approximately $21,257,848.98. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 627,046 shares of company stock valued at $81,158,262. Company insiders own 12.83% of the company’s stock.

Cloudflare Stock Up 2.6 %

Shares of NYSE:NET opened at $115.60 on Wednesday. Cloudflare, Inc. has a 12 month low of $66.24 and a 12 month high of $177.37. The firm has a market cap of $39.89 billion, a P/E ratio of -525.47 and a beta of 1.27. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 1.32. The company’s 50-day moving average price is $137.39 and its two-hundred day moving average price is $112.03.

Cloudflare (NYSE:NET) last issued its quarterly earnings results 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 net margin of 4.72% and a negative return on equity of 5.52%. As a group, research analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Mizuho cut their price objective on shares of Cloudflare from $160.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Citigroup raised Cloudflare from a “neutral” rating to a “buy” rating and upped their price target for the company from $95.00 to $145.00 in a report on Friday, January 17th. UBS Group decreased their price objective on Cloudflare from $165.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Needham & Company LLC reduced their target price on Cloudflare from $185.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Finally, Susquehanna lifted their price target on shares of Cloudflare from $95.00 to $170.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Three 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $135.64.

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, script management, security center, and rate limiting products.