NTV Asset Management LLC Purchases Shares of 2,000 Cloudflare, Inc. (NYSE:NET)

NTV Asset Management LLC acquired a new position in shares of Cloudflare, Inc. (NYSE:NET) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,000 shares of the company’s stock, valued at approximately $215,000.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in shares of Cloudflare in the 3rd quarter valued at $38,000. Quarry LP lifted its stake in Cloudflare by 38.6% during the third quarter. Quarry LP now owns 478 shares of the company’s stock valued at $39,000 after buying an additional 133 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Cloudflare in the third quarter worth about $54,000. Versant Capital Management Inc increased its position in shares of Cloudflare by 44.9% in the fourth quarter. Versant Capital Management Inc now owns 549 shares of the company’s stock worth $59,000 after acquiring an additional 170 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Cloudflare by 59.0% during the fourth quarter. GAMMA Investing LLC now owns 585 shares of the company’s stock valued at $63,000 after acquiring an additional 217 shares during the period. 82.68% of the stock is owned by institutional investors.

Cloudflare Stock Down 3.1 %

Shares of Cloudflare stock opened at $170.98 on Tuesday. Cloudflare, Inc. has a 12-month low of $66.24 and a 12-month high of $177.37. 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 stock has a 50 day moving average price of $126.45 and a two-hundred day moving average price of $101.15. The stock has a market capitalization of $58.68 billion, a P/E ratio of -777.19 and a beta of 1.12.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, February 6th. The company reported ($0.03) earnings per share (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%. Equities analysts expect that Cloudflare, Inc. will post -0.04 earnings per share for the current year.

Insider Transactions at Cloudflare

In other news, CFO Thomas J. Seifert sold 15,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $136.63, for a total transaction of $2,049,450.00. Following the transaction, the chief financial officer now owns 252,869 shares in the company, valued at approximately $34,549,491.47. The trade was a 5.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Douglas James Kramer sold 2,481 shares of the stock in a transaction dated Monday, February 3rd. The shares were 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 owns 175,688 shares of the company’s stock, valued at approximately $23,131,082.08. The trade was a 1.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 500,335 shares of company stock worth $57,238,617. Company insiders own 12.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Cloudflare from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Morgan Stanley lifted their price target on Cloudflare from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Royal Bank of Canada increased their price objective on Cloudflare from $123.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Citigroup upgraded Cloudflare from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $95.00 to $145.00 in a research report on Friday, January 17th. Finally, Baird R W downgraded Cloudflare from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $135.28.

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.