Strategic Planning Group LLC Purchases 907 Shares of Cloudflare, Inc. (NYSE:NET)

Strategic Planning Group LLC boosted its stake in Cloudflare, Inc. (NYSE:NET) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,641 shares of the company’s stock after purchasing an additional 907 shares during the period. Cloudflare comprises 1.0% of Strategic Planning Group LLC’s investment portfolio, making the stock its 29th largest position. Strategic Planning Group LLC’s holdings in Cloudflare were worth $5,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of NET. Swedbank AB increased its position in Cloudflare by 42.8% during the 4th quarter. Swedbank AB now owns 27,043 shares of the company’s stock valued at $2,912,000 after purchasing an additional 8,102 shares during the period. Strategic Blueprint LLC bought a new position in Cloudflare in the fourth quarter worth about $265,000. Deane Retirement Strategies Inc. purchased a new stake in Cloudflare in the fourth quarter worth about $2,544,000. Mayflower Financial Advisors LLC bought a new stake in Cloudflare during the 4th quarter valued at approximately $235,000. Finally, Slow Capital Inc. grew its holdings in shares of Cloudflare by 1.5% during the 4th quarter. Slow Capital Inc. now owns 53,389 shares of the company’s stock worth $5,749,000 after acquiring an additional 787 shares during the period. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BNP Paribas assumed coverage on Cloudflare in a research note on Tuesday, October 8th. They issued an “underperform” rating and a $65.00 target price for the company. Mizuho raised their price objective on Cloudflare from $102.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Cantor Fitzgerald started coverage on shares of Cloudflare in a research note on Friday, January 17th. They issued a “neutral” rating and a $111.00 price target for the company. Jefferies Financial Group boosted their price objective on shares of Cloudflare from $100.00 to $125.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Finally, UBS Group raised their target price on shares of Cloudflare from $88.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $109.72.

Cloudflare Stock Performance

Shares of Cloudflare stock opened at $136.44 on Thursday. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 1.32. Cloudflare, Inc. has a 1-year low of $66.24 and a 1-year high of $140.25. The company’s fifty day simple moving average is $113.05 and its 200-day simple moving average is $93.88.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.03) earnings per share (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 business had revenue of $430.08 million during the quarter, compared to analyst estimates of $423.65 million. On average, equities analysts anticipate that Cloudflare, Inc. will post -0.1 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Douglas James Kramer sold 3,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $88.60, for a total value of $265,800.00. Following the transaction, the insider now owns 185,386 shares of the company’s stock, valued at approximately $16,425,199.60. The trade was a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michelle Zatlyn sold 25,640 shares of Cloudflare stock in a transaction on Friday, January 24th. The shares were sold at an average price of $123.75, for a total transaction of $3,172,950.00. Following the completion of the sale, the chief operating officer now owns 172,959 shares in the company, valued at approximately $21,403,676.25. This represents a 12.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 641,132 shares of company stock valued at $69,429,058. 12.83% of the stock is owned by corporate insiders.

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.