Cloudflare, Inc. $NET Shares Sold by Generali Investments Towarzystwo Funduszy Inwestycyjnych

Key Points

• Generali Investments reduced its holdings in Cloudflare, Inc. by 27.6% during Q2, now owning 16,500 shares worth approximately $3.23 million, making Cloudflare only 1.7% of its total portfolio.
• Cloudflare's stock recently increased 3.1% to $217.17, with a market cap of $75.68 billion and a notable debt-to-equity ratio of 2.63.
• Insider transactions saw CEO Matthew Prince sell 52,384 shares, marking a decrease of 72.26% in his holdings, while overall insider sales totaled 708,670 shares in the past three months.

Generali Investments Towarzystwo Funduszy Inwestycyjnych lessened its holdings in shares of Cloudflare, Inc. (NYSE:NET - Free Report) by 27.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,500 shares of the company's stock after selling 6,300 shares during the quarter. Cloudflare accounts for about 1.7% of Generali Investments Towarzystwo Funduszy Inwestycyjnych's investment portfolio, making the stock its 19th largest holding. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in Cloudflare were worth $3,231,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Hilltop National Bank acquired a new stake in shares of Cloudflare in the second quarter worth $36,000. Ameritas Advisory Services LLC acquired a new stake in Cloudflare in the 2nd quarter valued at $39,000. Mather Group LLC. raised its position in Cloudflare by 1,188.2% in the first quarter. Mather Group LLC. now owns 219 shares of the company's stock valued at $25,000 after purchasing an additional 202 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of Cloudflare during the second quarter worth about $45,000. Finally, LRI Investments LLC lifted its stake in shares of Cloudflare by 680.5% during the second quarter. LRI Investments LLC now owns 320 shares of the company's stock worth $63,000 after purchasing an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company's stock.

Cloudflare Stock Up 3.1%

NYSE:NET opened at $217.17 on Friday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14. The stock has a 50-day simple moving average of $213.77 and a 200 day simple moving average of $181.19. Cloudflare, Inc. has a one year low of $85.60 and a one year high of $230.10. The company has a market capitalization of $75.68 billion, a price-to-earnings ratio of -638.73 and a beta of 1.99.

Cloudflare (NYSE:NET - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $512.32 million for the quarter, compared to analyst estimates of $501.58 million. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The business's revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. Sell-side analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NET. Wells Fargo & Company raised their target price on Cloudflare from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Cantor Fitzgerald lifted their price target on shares of Cloudflare from $162.00 to $199.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Scotiabank upped their price objective on shares of Cloudflare from $135.00 to $200.00 and gave the company a "sector perform" rating in a research report on Friday, August 1st. Citigroup raised their target price on Cloudflare from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Monday, August 18th. Finally, Bank of America boosted their price target on Cloudflare from $235.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $198.21.

Insider Transactions at Cloudflare

In other news, insider Michelle Zatlyn sold 35,100 shares of Cloudflare stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $191.71, for a total value of $6,729,021.00. Following the completion of the transaction, the insider directly owned 14,575 shares of the company's stock, valued at approximately $2,794,173.25. The trade was a 70.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $200.43, for a total transaction of $10,499,325.12. Following the sale, the chief executive officer directly owned 20,111 shares of the company's stock, valued at approximately $4,030,847.73. This represents a 72.26% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 708,670 shares of company stock worth $147,000,646. 10.89% of the stock is currently owned by insiders.

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.

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