Nia Impact Advisors LLC Has $3 Million Holdings in Cloudflare, Inc. (NYSE:NET)

Nia Impact Advisors LLC reduced its stake in shares of Cloudflare, Inc. (NYSE:NET) by 3.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 36,252 shares of the company’s stock after selling 1,409 shares during the quarter. Nia Impact Advisors LLC’s holdings in Cloudflare were worth $3,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of NET. Riverview Trust Co acquired a new position in Cloudflare during the 1st quarter valued at $27,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Cloudflare by 595.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 278 shares of the company’s stock worth $27,000 after purchasing an additional 238 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Cloudflare in the 2nd quarter worth about $29,000. ICA Group Wealth Management LLC bought a new stake in shares of Cloudflare in the 4th quarter worth about $38,000. Finally, Versant Capital Management Inc grew its holdings in shares of Cloudflare by 1,202.9% in the 2nd quarter. Versant Capital Management Inc now owns 456 shares of the company’s stock worth $38,000 after purchasing an additional 421 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NET shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $135.00 target price on shares of Cloudflare in a report on Friday, August 2nd. Guggenheim upped their target price on shares of Cloudflare from $50.00 to $57.00 and gave the stock a “sell” rating in a report on Friday, August 2nd. Wolfe Research started coverage on shares of Cloudflare in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Scotiabank started coverage on shares of Cloudflare in a report on Monday, July 8th. They set a “sector perform” rating and a $85.00 price objective on the stock. Finally, The Goldman Sachs Group decreased their price objective on shares of Cloudflare from $77.00 to $68.00 and set a “sell” rating on the stock in a report on Tuesday, June 4th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Cloudflare presently has an average rating of “Hold” and an average price target of $92.29.

Insider Activity at Cloudflare

In related news, CAO Janel Riley sold 3,495 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $81.65, for a total transaction of $285,366.75. Following the completion of the transaction, the chief accounting officer now owns 80,183 shares in the company, valued at $6,546,941.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, COO Michelle Zatlyn sold 12,820 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $76.14, for a total transaction of $976,114.80. Following the completion of the transaction, the chief operating officer now owns 192,177 shares in the company, valued at $14,632,356.78. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Janel Riley sold 3,495 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $81.65, for a total transaction of $285,366.75. Following the completion of the transaction, the chief accounting officer now owns 80,183 shares of the company’s stock, valued at approximately $6,546,941.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 597,702 shares of company stock worth $48,088,422. 12.83% of the stock is currently owned by company insiders.

Cloudflare Stock Down 0.3 %

Shares of NYSE:NET opened at $78.59 on Friday. Cloudflare, Inc. has a one year low of $53.88 and a one year high of $116.00. The company has a 50 day moving average of $79.69 and a 200-day moving average of $83.16. The company has a debt-to-equity ratio of 1.46, a current ratio of 3.51 and a quick ratio of 3.51. The stock has a market cap of $26.70 billion, a price-to-earnings ratio of -148.28 and a beta of 1.10.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. The company had revenue of $401.00 million during the quarter, compared to analysts’ expectations of $394.11 million. Cloudflare had a negative net margin of 6.90% and a negative return on equity of 8.54%. Cloudflare’s revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.12) EPS. On average, sell-side analysts forecast that Cloudflare, Inc. will post -0.12 earnings per share for the current year.

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.