HRT Financial LP Sells 142,918 Shares of Cloudflare, Inc. (NYSE:NET)

HRT Financial LP reduced its holdings in Cloudflare, Inc. (NYSE:NET – Get Rating) by 65.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,622 shares of the company’s stock after selling 142,918 shares during the period. HRT Financial LP’s holdings in Cloudflare were worth $3,418,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Utah Retirement Systems increased its position in shares of Cloudflare by 0.4% during the third quarter. Utah Retirement Systems now owns 47,762 shares of the company’s stock valued at $2,642,000 after purchasing an additional 200 shares during the period. Westpac Banking Corp increased its position in shares of Cloudflare by 1.2% during the fourth quarter. Westpac Banking Corp now owns 18,006 shares of the company’s stock valued at $814,000 after purchasing an additional 222 shares during the period. IFP Advisors Inc increased its position in shares of Cloudflare by 1.8% during the third quarter. IFP Advisors Inc now owns 14,656 shares of the company’s stock valued at $394,000 after purchasing an additional 264 shares during the period. Forum Financial Management LP increased its position in shares of Cloudflare by 11.5% during the first quarter. Forum Financial Management LP now owns 2,653 shares of the company’s stock valued at $317,000 after purchasing an additional 273 shares during the period. Finally, Citizens Financial Group Inc RI increased its position in shares of Cloudflare by 3.3% during the fourth quarter. Citizens Financial Group Inc RI now owns 8,830 shares of the company’s stock valued at $399,000 after purchasing an additional 285 shares during the period. 69.97% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, General Counsel Douglas James Kramer sold 3,000 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $60.61, for a total transaction of $181,830.00. Following the completion of the transaction, the general counsel now directly owns 54,960 shares in the company, valued at $3,331,125.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Thomas J. Seifert sold 20,000 shares of the stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $60.25, for a total transaction of $1,205,000.00. Following the completion of the transaction, the chief financial officer now directly owns 61,355 shares of the company’s stock, valued at $3,696,638.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Douglas James Kramer sold 3,000 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $60.61, for a total value of $181,830.00. Following the transaction, the general counsel now directly owns 54,960 shares of the company’s stock, valued at $3,331,125.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 421,338 shares of company stock worth $24,385,996. 15.99% of the stock is owned by corporate insiders.

Cloudflare Stock Up 3.2 %

Shares of Cloudflare stock opened at $58.03 on Friday. Cloudflare, Inc. has a 1 year low of $37.37 and a 1 year high of $80.99. The business has a 50-day moving average of $55.93 and a two-hundred day moving average of $52.66. The company has a market capitalization of $19.26 billion, a P/E ratio of -98.36 and a beta of 1.01. The company has a debt-to-equity ratio of 2.20, a current ratio of 4.40 and a quick ratio of 4.40.

Cloudflare (NYSE:NET – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). Cloudflare had a negative return on equity of 25.10% and a negative net margin of 18.05%. The business had revenue of $290.18 million during the quarter, compared to the consensus estimate of $290.96 million. As a group, equities analysts predict that Cloudflare, Inc. will post -0.32 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $77.00 price objective on shares of Cloudflare in a research report on Wednesday, March 22nd. Cantor Fitzgerald lowered their price target on Cloudflare from $65.00 to $50.00 in a research report on Friday, April 28th. William Blair reiterated an “outperform” rating on shares of Cloudflare in a research report on Wednesday, April 19th. KeyCorp lowered their price target on Cloudflare from $80.00 to $61.00 in a research report on Friday, April 28th. Finally, The Goldman Sachs Group started coverage on Cloudflare in a research report on Tuesday, February 14th. They issued a “sell” rating and a $51.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $61.04.

About Cloudflare

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CloudFlare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company offers 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.