Moloney Securities Asset Management LLC Has $616,000 Stake in Cloudflare, Inc. (NYSE:NET)

Moloney Securities Asset Management LLC reduced its position in shares of Cloudflare, Inc. (NYSE:NET) by 30.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,725 shares of the company’s stock after selling 2,487 shares during the period. Moloney Securities Asset Management LLC’s holdings in Cloudflare were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Stratos Wealth Partners LTD. lifted its holdings in shares of Cloudflare by 1.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 6,583 shares of the company’s stock worth $709,000 after buying an additional 77 shares in the last quarter. Atomi Financial Group Inc. increased its position in Cloudflare by 3.3% during the fourth quarter. Atomi Financial Group Inc. now owns 2,966 shares of the company’s stock worth $319,000 after acquiring an additional 94 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in Cloudflare by 4.3% in the 4th quarter. Chicago Partners Investment Group LLC now owns 2,529 shares of the company’s stock valued at $293,000 after purchasing an additional 105 shares during the period. Wealth Management Partners LLC boosted its holdings in Cloudflare by 3.3% in the 4th quarter. Wealth Management Partners LLC now owns 3,549 shares of the company’s stock valued at $382,000 after purchasing an additional 114 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Cloudflare by 13.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 987 shares of the company’s stock valued at $80,000 after buying an additional 119 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NET shares. Jefferies Financial Group increased their price target on Cloudflare from $100.00 to $125.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Royal Bank of Canada increased their target price on Cloudflare from $123.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday. Guggenheim boosted their price target on Cloudflare from $57.00 to $68.00 and gave the company a “sell” rating in a research note on Friday. Baird R W downgraded shares of Cloudflare from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Morgan Stanley boosted their target price on shares of Cloudflare from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $128.48.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, insider Douglas James Kramer sold 2,481 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $131.66, for a total transaction of $326,648.46. Following the completion of the sale, the insider now directly owns 175,688 shares in the company, valued at approximately $23,131,082.08. This trade represents a 1.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Michelle Zatlyn sold 35,118 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $105.30, for a total value of $3,697,925.40. Following the completion of the transaction, the chief operating officer now directly owns 172,959 shares in the company, valued at $18,212,582.70. This represents a 16.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 633,738 shares of company stock valued at $69,632,506. 12.83% of the stock is currently owned by company insiders.

Cloudflare Stock Performance

Shares of Cloudflare stock opened at $166.88 on Monday. The stock has a market cap of $57.27 billion, a price-to-earnings ratio of -758.52 and a beta of 1.12. Cloudflare, Inc. has a twelve month low of $66.24 and a twelve month high of $171.38. The company’s fifty day moving average is $118.89 and its 200 day moving average is $97.11. 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 released its quarterly 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 net margin of 4.72% and a negative return on equity of 5.52%. Sell-side analysts forecast that Cloudflare, Inc. will post -0.04 EPS for the current year.

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.