Cloudflare, Inc. (NYSE:NET) Stock Holdings Lessened by Householder Group Estate & Retirement Specialist LLC

Householder Group Estate & Retirement Specialist LLC cut its stake in shares of Cloudflare, Inc. (NYSE:NET) by 57.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,520 shares of the company’s stock after selling 2,011 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in Cloudflare were worth $163,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Hartline Investment Corp grew its holdings in shares of Cloudflare by 7.6% during the 3rd quarter. Hartline Investment Corp now owns 260,379 shares of the company’s stock valued at $21,062,000 after acquiring an additional 18,426 shares in the last quarter. WIM INVESTMENT MANAGEMENT Ltd purchased a new position in Cloudflare in the third quarter valued at about $25,588,000. Charles Schwab Investment Management Inc. increased its position in Cloudflare by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,157,815 shares of the company’s stock worth $93,656,000 after purchasing an additional 29,960 shares during the last quarter. National Pension Service raised its stake in shares of Cloudflare by 0.9% during the 3rd quarter. National Pension Service now owns 471,923 shares of the company’s stock worth $38,174,000 after purchasing an additional 4,062 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Cloudflare during the 2nd quarter valued at about $7,319,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Insider Buying and Selling

In related news, Director Maria S. Eitel sold 6,875 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $88.00, for a total value of $605,000.00. Following the sale, the director now owns 5,927 shares of the company’s stock, valued at $521,576. The trade was a 53.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Thomas J. Seifert sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was 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 of the company’s stock, valued at approximately $24,422,966.37. This represents a 5.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 524,852 shares of company stock valued at $55,386,256 over the last ninety days. 12.83% of the stock is owned by company insiders.

Cloudflare Stock Up 2.0 %

Shares of NET opened at $117.13 on Friday. Cloudflare, Inc. has a 52 week low of $66.24 and a 52 week high of $121.02. The firm has a market capitalization of $40.20 billion, a P/E ratio of -450.49 and a beta of 1.10. The company has a 50-day simple moving average of $107.72 and a 200-day simple moving average of $91.45. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.37 and a current ratio of 3.37.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). Cloudflare had a negative return on equity of 7.18% and a negative net margin of 5.97%. The firm had revenue of $430.08 million during the quarter, compared to analysts’ expectations of $423.65 million. On average, equities research analysts expect that Cloudflare, Inc. will post -0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NET shares. Stifel Nicolaus upgraded Cloudflare from a “hold” rating to a “buy” rating and increased their price objective for the stock from $95.00 to $136.00 in a report on Tuesday, December 17th. Piper Sandler increased their price target on shares of Cloudflare from $83.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. The Goldman Sachs Group raised shares of Cloudflare from a “sell” rating to a “buy” rating and lifted their price objective for the company from $77.00 to $140.00 in a research note on Thursday, January 2nd. Wells Fargo & Company raised their target price on Cloudflare from $110.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Finally, Jefferies Financial Group upped their price target on Cloudflare from $100.00 to $125.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $106.15.

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.