Sequoia Financial Advisors LLC Acquires 1,002 Shares of Cloudflare, Inc. $NET

Sequoia Financial Advisors LLC increased its holdings in shares of Cloudflare, Inc. (NYSE:NET) by 22.5% in the second quarter, Holdings Channel.com reports. The firm owned 5,459 shares of the company’s stock after purchasing an additional 1,002 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Cloudflare were worth $1,069,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Cloudflare by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 30,836,909 shares of the company’s stock worth $3,475,011,000 after purchasing an additional 538,850 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Cloudflare by 33.5% during the 1st 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 in the last quarter. American Century Companies Inc. increased its stake in Cloudflare by 34.5% during the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after purchasing an additional 779,819 shares in the last quarter. Northern Trust Corp increased its stake in Cloudflare by 1.7% during the 1st quarter. Northern Trust Corp now owns 1,880,888 shares of the company’s stock worth $211,957,000 after purchasing an additional 31,745 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Cloudflare by 8.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,321,208 shares of the company’s stock worth $148,887,000 after purchasing an additional 99,448 shares in the last quarter. 82.68% of the stock is owned by institutional investors.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, Director Carl Ledbetter sold 15,000 shares of the firm’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $223.91, for a total transaction of $3,358,650.00. Following the completion of the sale, the director owned 1,013,073 shares of the company’s stock, valued at $226,837,175.43. This trade represents a 1.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Douglas James Kramer sold 9,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $213.48, for a total value of $1,921,320.00. Following the sale, the insider directly owned 132,185 shares of the company’s stock, valued at $28,218,853.80. This represents a 6.37% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 729,540 shares of company stock worth $150,883,922. 10.89% of the stock is currently owned by corporate insiders.

Cloudflare Trading Down 0.7%

NYSE NET opened at $209.94 on Friday. The stock has a 50 day moving average of $212.65 and a 200-day moving average of $178.22. Cloudflare, Inc. has a 12 month low of $85.60 and a 12 month high of $230.10. The company has a market cap of $73.16 billion, a PE ratio of -617.47 and a beta of 1.99. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 2.63.

Cloudflare (NYSE:NET) last announced 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. 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 quarter last year, the firm posted $0.20 EPS. The company’s quarterly revenue 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 anticipate that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NET shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, October 8th. Scotiabank upped their price target on Cloudflare from $135.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Royal Bank Of Canada upped their price target on Cloudflare from $210.00 to $228.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Needham & Company LLC upped their price target on Cloudflare from $200.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, KeyCorp upped their price target on Cloudflare from $210.00 to $235.00 and gave the stock an “overweight” rating in a research 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 issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.54.

Cloudflare Company 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.