Cloudflare, Inc. (NYSE:NET) is Fox Run Management L.L.C.’s 8th Largest Position

Fox Run Management L.L.C. increased its position in shares of Cloudflare, Inc. (NYSE:NET) by 9.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,529 shares of the company’s stock after purchasing an additional 1,798 shares during the period. Cloudflare accounts for 0.4% of Fox Run Management L.L.C.’s portfolio, making the stock its 8th largest holding. Fox Run Management L.L.C.’s holdings in Cloudflare were worth $2,211,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NET. OneDigital Investment Advisors LLC boosted its holdings in Cloudflare by 3.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,047 shares of the company’s stock worth $327,000 after buying an additional 137 shares during the period. Empowered Funds LLC boosted its holdings in Cloudflare by 7.7% in the 3rd quarter. Empowered Funds LLC now owns 4,378 shares of the company’s stock worth $354,000 after buying an additional 313 shares during the period. Quest Partners LLC bought a new position in Cloudflare in the 3rd quarter worth $54,000. Pathstone Holdings LLC boosted its holdings in Cloudflare by 5.2% in the 3rd quarter. Pathstone Holdings LLC now owns 24,101 shares of the company’s stock worth $1,950,000 after buying an additional 1,200 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Cloudflare in the 3rd quarter worth $591,000. Institutional investors own 82.68% of the company’s stock.

Cloudflare Stock Performance

Cloudflare stock opened at $118.95 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.37 and a quick ratio of 3.37. Cloudflare, Inc. has a 1-year low of $66.24 and a 1-year high of $177.37. The firm has a market capitalization of $41.05 billion, a P/E ratio of -540.70 and a beta of 1.27. The company’s 50-day moving average is $136.73 and its 200 day moving average is $109.79.

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%. Research analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Janel Riley sold 4,327 shares of the 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 transaction, the chief accounting officer now directly owns 74,698 shares in the company, valued at approximately $12,519,384.80. This trade represents a 5.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew Prince sold 52,384 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $113.73, for a total transaction of $5,957,632.32. Following the transaction, the chief executive officer now owns 10,762 shares in the company, valued at approximately $1,223,962.26. This represents a 82.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 566,766 shares of company stock worth $73,779,200 in the last three months. Corporate insiders own 12.83% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on NET shares. Mizuho dropped their target price on shares of Cloudflare from $160.00 to $140.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Guggenheim increased their price objective on shares of Cloudflare from $57.00 to $68.00 and gave the company a “sell” rating in a report on Friday, February 7th. JMP Securities increased their price objective on shares of Cloudflare from $135.00 to $180.00 and gave the company a “market outperform” rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their price objective on shares of Cloudflare from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Finally, Jefferies Financial Group increased their price objective on shares of Cloudflare from $100.00 to $125.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $131.64.

Cloudflare 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.