Will Cloudflare Inc. (NET) benefit from Wall Street bulls Calls?

Cloudflare Inc. (NYSE: NET) is 132.94% higher on its value in year-to-date trading and has touched a low of $14.50 and a high of $45.28 in the current 52-week trading range. The NET stock was last observed hovering at around $38.26 in the last trading session, with the day’s gains setting it 1.48% off its average median price target of $48.00 for the next 12 months. It is also 27.75% off the consensus price target high of $55.00 offered by 15 analysts, but current levels are -32.47% lower than the price target low of $30.00 for the same period.

Currently trading at $39.74, the stock is 0.56% and 3.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.98 million and changing 3.87% at the moment leaves the stock 52.86% off its SMA200. NET registered a gain of 75.07% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $38.83 and a 200-day simple moving average (SMA200) of $29.65.

The stock witnessed a -6.52% loss in the last 1 month and extending the period to 3 months gives it a 35.26%, and is 1.82% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.72% over the week and 5.03% over the month.

Cloudflare Inc. (NET) has around 1270 employees, a market worth around $12.17B and $348.80M in sales. Profit margin for the company is -36.70%. Distance from 52-week low is 174.07% and -12.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.80%).

Cloudflare Inc. (NET) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Cloudflare Inc. (NET) is a “Overweight”. 15 analysts offering their recommendations for the stock have an average rating of 2.00, where 4 rate it as a Hold and 1 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Cloudflare Inc. is expected to release its quarterly report on 11/05/2020 and quarterly earnings per share for the current quarter are estimated at -$0.05 with sales reaching $103.15M over the same period.The EPS is expected to shrink by -143.40% this year, but quarterly earnings will post 41.60% year-over-year. Quarterly sales are estimated to grow 46.90% in year-over-year returns.

Cloudflare Inc. (NET) Top Institutional Holders

162 institutions hold shares in Cloudflare Inc. (NET), with 16.94M shares held by insiders accounting for 5.54% while institutional investors hold 50.05% of the company’s shares. The shares outstanding are 299.32M, and float is at 146.63M with Short Float at 5.64%. Institutions hold 47.28% of the Float.

The top institutional shareholder in the company is Venrock Management V, LLC with over 31.4 million shares valued at $1.13 billion. The investor’s holdings represent 16.29% of the NET Shares outstanding. As of Jun 29, 2020, the second largest holder is FMR, LLC with 24.73 million shares valued at $889.03 million to account for 12.83% of the shares outstanding. The other top investors are Baillie Gifford and Company which holds 14.24 million shares representing 7.39% and valued at over $511.88 million, while Vanguard Group, Inc. (The) holds 4.78% of the shares totaling 9.21 million with a market value of $331.21 million.

Cloudflare Inc. (NET) Insider Activity

A total of 109 insider transactions have happened at Cloudflare Inc. (NET) in the last six months, with sales accounting for 72 and purchases happening 37 times. The most recent transaction is an insider sale by Prince Matthew, the company’s CEO & Chair of the Board. SEC filings show that Prince Matthew sold 52,385 shares of the company’s common stock on Aug 24 at a price of $38.12 per share for a total of $2.0 million. Following the sale, the insider now owns 0.0 shares.

Cloudflare Inc. disclosed in a document filed with the SEC on Aug 21 that Prince Matthew (CEO & Chair of the Board) sold a total of 52,385 shares of the company’s common stock. The trade occurred on Aug 21 and was made at $39.37 per share for $2.06 million. Following the transaction, the insider now directly holds 0.0 shares of the NET stock.

Still, SEC filings show that on Aug 20, Prince Matthew (CEO & Chair of the Board) disposed off 52,385 shares at an average price of $40.00 for $2.1 million. The insider now directly holds 0 shares of Cloudflare Inc. (NET).