Generate Investment Management Ltd Makes New $4.95 Million Investment in Cloudflare, Inc. $NET

Key Points

• Generate Investment Management Ltd has made a new investment of approximately $4.95 million in Cloudflare, purchasing 25,293 shares in the second quarter.
• Cloudflare has received positive analyst ratings with price targets raised by Scotiabank ($200), Bank of America ($240), and Stifel Nicolaus ($230), indicating strong market confidence.
• Cloudflare's stock has seen insider sales recently, with executives selling a total of 727,020 shares worth $145.87 million over the last quarter.

Generate Investment Management Ltd bought a new position in shares of Cloudflare, Inc. (NYSE:NET - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 25,293 shares of the company's stock, valued at approximately $4,953,000.

Several other large investors also recently modified their holdings of the business. Mather Group LLC. grew its position in shares of Cloudflare by 1,188.2% in the 1st quarter. Mather Group LLC. now owns 219 shares of the company's stock worth $25,000 after buying an additional 202 shares during the last quarter. NBC Securities Inc. purchased a new position in Cloudflare during the 1st quarter valued at $27,000. GPS Wealth Strategies Group LLC raised its holdings in Cloudflare by 213.4% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company's stock worth $29,000 after purchasing an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Cloudflare by 115.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the company's stock worth $30,000 after purchasing an additional 142 shares during the period. Finally, CVA Family Office LLC boosted its stake in shares of Cloudflare by 37.1% during the 1st quarter. CVA Family Office LLC now owns 392 shares of the company's stock valued at $44,000 after purchasing an additional 106 shares in the last quarter. 82.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on NET shares. Scotiabank lifted their price objective on Cloudflare from $135.00 to $200.00 and gave the company a "sector perform" rating in a research report on Friday, August 1st. Bank of America raised their target price on Cloudflare from $235.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Stifel Nicolaus increased their price objective on Cloudflare from $175.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Cowen restated a "buy" rating on shares of Cloudflare in a report on Monday, June 16th. Finally, Guggenheim upped their target price on shares of Cloudflare from $70.00 to $111.00 and gave the stock a "sell" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $191.28.

Insider Buying and Selling at Cloudflare

In other news, CFO Thomas J. Seifert sold 34,270 shares of the business's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $200.17, for a total transaction of $6,859,825.90. Following the completion of the sale, the chief financial officer 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michelle Zatlyn sold 35,100 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was 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 in the company, valued at approximately $2,794,173.25. This represents a 70.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 727,020 shares of company stock worth $145,872,429. 10.89% of the stock is owned by insiders.

Cloudflare Stock Down 0.7%

Cloudflare stock opened at $216.60 on Monday. Cloudflare, Inc. has a one year low of $77.80 and a one year high of $230.10. The stock has a fifty day moving average of $207.78 and a 200 day moving average of $168.62. 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 market cap of $75.48 billion, a PE ratio of -637.06 and a beta of 1.95.

Cloudflare (NYSE:NET - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $512.32 million during the quarter, compared to the consensus estimate of $501.58 million. During the same period in the previous year, the company posted $0.20 EPS. The business's quarterly revenue was up 27.8% compared to the same quarter last year. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. As a group, sell-side analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current year.

About Cloudflare

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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