FORA Capital LLC Makes New $5.08 Million Investment in Cloudflare, Inc. $NET

Key Points

• FORA Capital LLC has invested approximately $5.08 million in Cloudflare, acquiring 45,082 shares of the company's stock.
• Cloudflare's stock showed strong performance with a market capitalization of $68.25 billion, a twelve-month range between $74.88 and $219.00, and a quarterly revenue increase of 27.8% compared to last year.
• Insider trading activity revealed that CFO Thomas J. Seifert sold over 59,130 shares in July, demonstrating a decrease of 19.67% in his position, with over $135 million in stock sold by insiders recently.

FORA Capital LLC purchased a new position in shares of Cloudflare, Inc. (NYSE:NET - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 45,082 shares of the company's stock, valued at approximately $5,080,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its position in Cloudflare by 1,188.2% during the 1st quarter. Mather Group LLC. now owns 219 shares of the company's stock worth $25,000 after acquiring an additional 202 shares during the period. NBC Securities Inc. acquired a new stake in Cloudflare during the 1st quarter worth about $27,000. GPS Wealth Strategies Group LLC lifted its position in Cloudflare by 213.4% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company's stock worth $29,000 after acquiring an additional 175 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Cloudflare by 115.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the company's stock worth $30,000 after acquiring an additional 142 shares during the period. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in Cloudflare during the 4th quarter worth about $43,000. Institutional investors and hedge funds own 82.68% of the company's stock.

Insiders Place Their Bets

In related news, CFO Thomas J. Seifert sold 59,130 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $200.30, for a total value of $11,843,739.00. Following the completion of the transaction, the chief financial officer owned 241,550 shares of the company's stock, valued at approximately $48,382,465. This represents a 19.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Thomas J. Seifert sold 34,270 shares of the company's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $200.17, for a total value of $6,859,825.90. Following the completion of the transaction, the chief financial officer directly owned 241,550 shares of the company's stock, valued at $48,351,063.50. The trade was a 12.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 716,705 shares of company stock worth $135,360,372. 10.89% of the stock is owned by company insiders.

Cloudflare Stock Performance

NYSE NET opened at $195.85 on Tuesday. The stock has a market capitalization of $68.25 billion, a price-to-earnings ratio of -576.03 and a beta of 1.84. Cloudflare, Inc. has a twelve month low of $74.88 and a twelve month high of $219.00. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 2.63. The stock has a 50-day moving average of $194.09 and a 200 day moving average of $157.13.

Cloudflare (NYSE:NET - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.03. The company had revenue of $512.32 million during the quarter, compared to analysts' expectations of $501.58 million. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.Cloudflare's quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 anticipate that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on NET shares. DZ Bank reaffirmed a "sell" rating and set a $170.00 price target on shares of Cloudflare in a research report on Tuesday, July 22nd. JMP Securities boosted their price objective on Cloudflare from $180.00 to $225.00 and gave the company a "market outperform" rating in a report on Monday, July 28th. Scotiabank boosted their price objective on Cloudflare from $135.00 to $200.00 and gave the company a "sector perform" rating in a report on Friday, August 1st. CICC Research raised Cloudflare from a "market perform" rating to an "outperform" rating and set a $154.00 price objective for the company in a report on Monday, May 12th. Finally, Royal Bank Of Canada boosted their price objective on Cloudflare from $210.00 to $228.00 and gave the company an "outperform" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $191.28.

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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