Cloudflare, Inc. (NYSE:NET) Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. raised its position in Cloudflare, Inc. (NYSE:NET) by 9.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 20,529 shares of the company’s stock after acquiring an additional 1,798 shares during the quarter. Cloudflare makes up approximately 0.4% of Fox Run Management L.L.C.’s portfolio, making the stock its 8th biggest position. Fox Run Management L.L.C.’s holdings in Cloudflare were worth $2,211,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Quarry LP boosted its stake in Cloudflare by 38.6% in the third quarter. Quarry LP now owns 478 shares of the company’s stock valued at $39,000 after acquiring an additional 133 shares in the last quarter. Quest Partners LLC acquired a new stake in Cloudflare in the third quarter valued at approximately $54,000. Larson Financial Group LLC boosted its stake in Cloudflare by 1,988.5% in the fourth quarter. Larson Financial Group LLC now owns 543 shares of the company’s stock valued at $58,000 after acquiring an additional 517 shares in the last quarter. Versant Capital Management Inc boosted its stake in Cloudflare by 44.9% in the fourth quarter. Versant Capital Management Inc now owns 549 shares of the company’s stock valued at $59,000 after acquiring an additional 170 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Cloudflare by 59.0% in the fourth quarter. GAMMA Investing LLC now owns 585 shares of the company’s stock valued at $63,000 after acquiring an additional 217 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare Stock Up 0.9 %

Shares of NYSE NET opened at $118.95 on Friday. The company’s 50-day simple moving average is $136.73 and its 200-day simple moving average is $109.79. Cloudflare, Inc. has a 52-week low of $66.24 and a 52-week high of $177.37. The firm has a market cap of $41.05 billion, a price-to-earnings ratio of -540.70 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.

Cloudflare (NYSE:NET) last posted 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 return on equity of 5.52% and a negative net margin of 4.72%. Equities analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Douglas James Kramer sold 2,481 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $131.66, for a total transaction of $326,648.46. Following the transaction, the insider now directly owns 175,688 shares in the company, valued at approximately $23,131,082.08. The trade was a 1.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas J. Seifert sold 10,000 shares of Cloudflare stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $120.00, for a total transaction of $1,200,000.00. Following the transaction, the chief financial officer now directly owns 293,582 shares in the company, valued at $35,229,840. This trade represents a 3.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 566,766 shares of company stock worth $73,779,200. 12.83% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on NET shares. Wells Fargo & Company raised their price target on shares of Cloudflare from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Needham & Company LLC decreased their price target on shares of Cloudflare from $185.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Stifel Nicolaus raised their price target on shares of Cloudflare from $136.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Citigroup raised shares of Cloudflare from a “neutral” rating to a “buy” rating and raised their price target for the stock from $95.00 to $145.00 in a report on Friday, January 17th. Finally, UBS Group decreased their price target on shares of Cloudflare from $165.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Cloudflare has a consensus rating of “Hold” and an average price target of $131.64.

About Cloudflare

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.