Generate Investment Management Ltd Buys 38,484 Shares of Cloudflare, Inc. $NET

Generate Investment Management Ltd raised its stake in Cloudflare, Inc. (NYSE:NET) by 152.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,777 shares of the company’s stock after purchasing an additional 38,484 shares during the quarter. Generate Investment Management Ltd’s holdings in Cloudflare were worth $13,686,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Cloudflare by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock valued at $6,167,776,000 after acquiring an additional 658,656 shares during the period. Geode Capital Management LLC lifted its stake in Cloudflare by 5.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company’s stock valued at $1,081,533,000 after purchasing an additional 270,227 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Cloudflare by 33.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock worth $352,610,000 after purchasing an additional 786,063 shares during the period. Norges Bank bought a new position in Cloudflare during the second quarter worth about $541,462,000. Finally, Charles Schwab Investment Management Inc. increased its position in Cloudflare by 3.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,368,906 shares of the company’s stock worth $268,073,000 after buying an additional 47,698 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on NET. Scotiabank lifted their target price on Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a research note on Friday, October 31st. Robert W. Baird set a $230.00 price target on Cloudflare in a report on Wednesday, December 17th. Royal Bank Of Canada upped their price objective on shares of Cloudflare from $250.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Stifel Nicolaus raised their target price on shares of Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $225.00 target price on shares of Cloudflare in a report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Cloudflare currently has an average rating of “Moderate Buy” and an average target price of $234.78.

Cloudflare Trading Down 0.5%

Shares of NET stock opened at $199.75 on Wednesday. The stock has a market cap of $69.97 billion, a P/E ratio of -665.82 and a beta of 1.95. Cloudflare, Inc. has a 1 year low of $89.42 and a 1 year high of $260.00. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. The stock has a 50 day simple moving average of $209.70 and a 200 day simple moving average of $206.00.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $562.03 million during the quarter, compared to the consensus estimate of $544.65 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The company’s revenue was up 30.7% 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 Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. On average, research analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Activity at Cloudflare

In related news, CFO Thomas J. Seifert sold 41,555 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $194.18, for a total transaction of $8,069,149.90. Following the completion of the sale, the chief financial officer directly owned 137,486 shares in the company, valued at $26,697,031.48. This represents a 23.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michelle Zatlyn sold 35,099 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $199.26, for a total transaction of $6,993,826.74. Following the completion of the sale, the insider owned 24,555 shares in the company, valued at approximately $4,892,829.30. The trade was a 58.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 627,945 shares of company stock valued at $128,468,645 over the last three months. 10.89% of the stock is owned by insiders.

Cloudflare Company Profile

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.