B. Metzler seel. Sohn & Co. AG Increases Stock Holdings in Cloudflare, Inc. (NYSE:NET)

B. Metzler seel. Sohn & Co. AG raised its holdings in Cloudflare, Inc. (NYSE:NET) by 169.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,690 shares of the company’s stock after buying an additional 12,379 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Cloudflare were worth $2,120,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NET. Alliancebernstein L.P. boosted its stake in Cloudflare by 116.8% in the 4th quarter. Alliancebernstein L.P. now owns 244,225 shares of the company’s stock worth $26,298,000 after purchasing an additional 131,553 shares in the last quarter. Pier 88 Investment Partners LLC lifted its stake in shares of Cloudflare by 1.9% during the fourth quarter. Pier 88 Investment Partners LLC now owns 15,920 shares of the company’s stock worth $1,714,000 after buying an additional 300 shares during the period. AIA Group Ltd grew its holdings in shares of Cloudflare by 30.6% during the fourth quarter. AIA Group Ltd now owns 42,954 shares of the company’s stock valued at $4,625,000 after buying an additional 10,075 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Cloudflare by 47.0% in the 4th quarter. Wellington Management Group LLP now owns 5,930 shares of the company’s stock valued at $639,000 after acquiring an additional 1,896 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its stake in Cloudflare by 16.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 23,992 shares of the company’s stock worth $2,583,000 after acquiring an additional 3,411 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

NET has been the topic of a number of research reports. The Goldman Sachs Group cut their price objective on Cloudflare from $183.00 to $161.00 and set a “buy” rating on the stock in a report on Friday, March 14th. Jefferies Financial Group raised their price target on shares of Cloudflare from $100.00 to $125.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Morgan Stanley began coverage on shares of Cloudflare in a report on Tuesday, March 18th. They issued an “overweight” rating on the stock. DZ Bank cut shares of Cloudflare from a “hold” rating to a “sell” rating and set a $145.00 target price for the company. in a report on Tuesday, February 11th. Finally, Susquehanna upped their price target on shares of Cloudflare from $95.00 to $170.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, Cloudflare currently has an average rating of “Hold” and an average target price of $135.64.

Cloudflare Stock Up 3.6 %

Shares of NET opened at $119.85 on Thursday. The stock has a fifty day simple moving average of $137.24 and a two-hundred day simple moving average of $112.34. 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 has a market capitalization of $41.36 billion, a PE ratio of -544.77 and a beta of 1.27. Cloudflare, Inc. has a 52-week low of $66.24 and a 52-week high of $177.37.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, February 6th. The company reported ($0.03) EPS 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%. As a group, equities analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insider Buying and Selling

In other Cloudflare news, CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.98, for a total transaction of $5,970,728.32. Following the completion of the sale, the chief executive officer now directly owns 10,762 shares in the company, valued at $1,226,652.76. This trade represents a 82.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Janel Riley sold 4,327 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $167.60, for a total transaction of $725,205.20. Following the completion of the sale, the chief accounting officer now directly owns 74,698 shares in the company, valued at $12,519,384.80. This trade represents a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 627,046 shares of company stock worth $81,158,262. Company insiders own 12.83% of the company’s stock.

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.