FORA Capital LLC Makes New 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 bought a new stake in Cloudflare, Inc. (NYSE:NET - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 45,082 shares of the company's stock, valued at approximately $5,080,000.

Several other hedge funds and other institutional investors have also made changes to their positions in NET. Mather Group LLC. lifted its position in shares of 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 acquiring an additional 202 shares in the last quarter. NBC Securities Inc. purchased a new position in Cloudflare during the first quarter worth approximately $27,000. GPS Wealth Strategies Group LLC lifted its position in Cloudflare by 213.4% during the first quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company's stock worth $29,000 after buying an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Cloudflare by 115.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the company's stock worth $30,000 after buying an additional 142 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in Cloudflare during the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 82.68% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Citigroup lifted their price objective on Cloudflare from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Morgan Stanley raised their target price on Cloudflare from $225.00 to $235.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Piper Sandler raised their target price on Cloudflare from $151.00 to $224.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Needham & Company LLC raised their target price on Cloudflare from $200.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Cowen reissued a "buy" rating on shares of Cloudflare in a research note on Monday, June 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $191.28.

Cloudflare Trading Down 2.1%

Shares of NYSE NET traded down $4.46 during trading on Friday, reaching $208.96. The stock had a trading volume of 2,095,088 shares, compared to its average volume of 2,574,667. Cloudflare, Inc. has a fifty-two week low of $74.88 and a fifty-two week high of $219.00. 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 business's 50-day moving average price is $196.16 and its 200-day moving average price is $158.18. The company has a market cap of $72.82 billion, a P/E ratio of -614.60 and a beta of 1.84.

Cloudflare (NYSE:NET - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The firm had revenue of $512.32 million during the quarter, compared to analysts' expectations of $501.58 million. During the same period in the previous year, the firm posted $0.20 EPS. Cloudflare's revenue for the quarter was up 27.8% on a year-over-year basis. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. On average, equities research analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Thomas J. Seifert sold 59,130 shares of the business's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $200.30, for a total transaction of $11,843,739.00. Following the completion of the transaction, the chief financial officer directly owned 241,550 shares of the company's stock, valued at $48,382,465. The trade was a 19.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew Prince sold 52,384 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $171.25, for a total value of $8,970,760.00. Following the transaction, the chief executive officer directly owned 381,213 shares of the company's stock, valued at $65,282,726.25. The trade was a 12.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 731,705 shares of company stock valued at $138,296,322. Company insiders own 10.89% of the company's stock.

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.