Asset Management One Co. Ltd. Purchases 2,288 Shares of Cloudflare, Inc. (NYSE:NET)

Asset Management One Co. Ltd. increased its position in shares of Cloudflare, Inc. (NYSE:NET) by 1.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 238,410 shares of the company’s stock after acquiring an additional 2,288 shares during the period. Asset Management One Co. Ltd. owned about 0.07% of Cloudflare worth $19,285,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. CVA Family Office LLC increased its stake in shares of Cloudflare by 121.3% in the third quarter. CVA Family Office LLC now owns 312 shares of the company’s stock valued at $25,000 after buying an additional 171 shares during the period. Allspring Global Investments Holdings LLC increased its position in Cloudflare by 595.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 278 shares of the company’s stock valued at $27,000 after purchasing an additional 238 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Cloudflare in the 2nd quarter worth approximately $29,000. Quarry LP boosted its stake in shares of Cloudflare by 73.4% in the 2nd quarter. Quarry LP now owns 345 shares of the company’s stock valued at $29,000 after purchasing an additional 146 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake 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 valued at $38,000 after purchasing an additional 421 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cloudflare

In other news, CAO Janel Riley sold 3,495 shares of Cloudflare stock in a transaction on Friday, August 16th. The stock was sold at an average price of $81.65, for a total transaction of $285,366.75. Following the sale, the chief accounting officer now directly owns 80,183 shares in the company, valued at $6,546,941.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Cloudflare news, CFO Thomas J. Seifert sold 15,000 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $86.79, for a total transaction of $1,301,850.00. Following the completion of the transaction, the chief financial officer now directly owns 281,403 shares of the company’s stock, valued at approximately $24,422,966.37. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Janel Riley sold 3,495 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $81.65, for a total value of $285,366.75. Following the completion of the sale, the chief accounting officer now owns 80,183 shares in the company, valued at approximately $6,546,941.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 529,427 shares of company stock worth $43,755,195 in the last quarter. 12.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NET shares. Needham & Company LLC restated a “buy” rating and issued a $135.00 target price on shares of Cloudflare in a report on Friday, August 2nd. Cantor Fitzgerald raised their target price on Cloudflare from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Susquehanna increased their price target on Cloudflare from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Wolfe Research started coverage on shares of Cloudflare in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Finally, Royal Bank of Canada boosted their target price on shares of Cloudflare from $90.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $91.72.

Cloudflare Price Performance

Shares of NYSE NET opened at $87.68 on Wednesday. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $29.96 billion, a PE ratio of -302.34 and a beta of 1.10. The stock’s 50 day moving average price is $84.05 and its 200-day moving average price is $80.50. Cloudflare, Inc. has a twelve month low of $61.34 and a twelve month high of $116.00.

About Cloudflare

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.