Cloudflare (NYSE:NET – Get Rating) had its target price dropped by equities researchers at Mizuho from $90.00 to $76.00 in a research note issued on Tuesday, The Fly reports. The firm currently has a "neutral" rating on the stock. Mizuho's price target suggests a potential upside of 43.40% from the company's previous close.

A number of other equities analysts have also commented on NET. Needham & Company LLC cut their price target on shares of Cloudflare from $245.00 to $100.00 and set a "na" rating on the stock in a report on Monday, May 16th. Stifel Nicolaus cut their price target on shares of Cloudflare from $126.00 to $120.00 and set a "hold" rating on the stock in a report on Monday, March 21st. Evercore ISI cut their price target on shares of Cloudflare from $110.00 to $65.00 and set an "outperform" rating on the stock in a report on Tuesday, June 28th. Royal Bank of Canada cut their price target on shares of Cloudflare from $155.00 to $120.00 in a report on Monday, May 2nd. Finally, Wells Fargo & Company cut their price target on shares of Cloudflare from $60.00 to $42.00 and set an "equal weight" rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Cloudflare has an average rating of "Hold" and an average price target of $120.81.

NYSE NET opened at $53.00 on Tuesday. The firm's fifty day moving average price is $50.57 and its two-hundred day moving average price is $84.27. The stock has a market cap of $17.29 billion, a PE ratio of -63.85 and a beta of 1.22. Cloudflare has a fifty-two week low of $38.96 and a fifty-two week high of $221.64. The company has a debt-to-equity ratio of 2.78, a quick ratio of 6.85 and a current ratio of 6.85.

In other news, CEO Matthew Prince sold 52,384 shares of the business's stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $52.30, for a total transaction of $2,739,683.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Maria S. Eitel acquired 15,000 shares of Cloudflare stock in a transaction on Monday, May 9th. The stock was acquired at an average cost of $62.77 per share, with a total value of $941,550.00. Following the transaction, the director now owns 21,622 shares of the company's stock, valued at approximately $1,357,212.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the company's stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $52.30, for a total transaction of $2,739,683.20. The disclosure for this sale can be found here. Insiders sold a total of 264,361 shares of company stock valued at $14,350,405 over the last three months. Corporate insiders own 20.69% of the company's stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NET. CVA Family Office LLC boosted its stake in Cloudflare by 325.9% in the second quarter. CVA Family Office LLC now owns 575 shares of the company's stock valued at $25,000 after acquiring an additional 440 shares during the last quarter. Riverview Trust Co purchased a new position in Cloudflare in the first quarter valued at about $29,000. Private Capital Group LLC boosted its stake in Cloudflare by 109.2% in the first quarter. Private Capital Group LLC now owns 251 shares of the company's stock valued at $30,000 after acquiring an additional 131 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in Cloudflare in the fourth quarter valued at about $34,000. Finally, Clearstead Advisors LLC boosted its stake in Cloudflare by 93.8% in the first quarter. Clearstead Advisors LLC now owns 310 shares of the company's stock valued at $37,000 after acquiring an additional 150 shares during the last quarter. 69.96% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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