Sequoia Financial Advisors LLC Has $1.07 Million Stock Position in Cloudflare, Inc. $NET

Sequoia Financial Advisors LLC grew its position in Cloudflare, Inc. (NYSE:NET) by 22.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,459 shares of the company’s stock after buying an additional 1,002 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Cloudflare were worth $1,069,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 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 worth $25,000 after purchasing an additional 202 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Cloudflare in the second quarter worth approximately $36,000. Ameritas Advisory Services LLC purchased a new stake in shares of Cloudflare in the second quarter worth approximately $39,000. Fifth Third Bancorp lifted its position in shares of Cloudflare by 88.5% in the first quarter. Fifth Third Bancorp now owns 441 shares of the company’s stock worth $50,000 after purchasing an additional 207 shares in the last quarter. Finally, ORG Partners LLC lifted its position in shares of Cloudflare by 264.8% in the first quarter. ORG Partners LLC now owns 445 shares of the company’s stock worth $51,000 after purchasing an additional 323 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare Stock Performance

Shares of NYSE:NET opened at $209.94 on Friday. The stock has a market capitalization of $73.16 billion, a P/E ratio of -617.47 and a beta of 1.99. Cloudflare, Inc. has a 1-year low of $85.60 and a 1-year high of $230.10. 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 business has a 50-day moving average price of $212.65 and a two-hundred day moving average price of $178.22.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. The firm 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%.The company’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the previous year, the business 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. Equities analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NET has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, October 8th. Piper Sandler raised their price objective on shares of Cloudflare from $151.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Guggenheim raised their price objective on shares of Cloudflare from $70.00 to $111.00 and gave the stock a “sell” rating in a research note on Friday, August 1st. Stifel Nicolaus lifted their target price on shares of Cloudflare from $175.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Morgan Stanley boosted their target price on shares of Cloudflare from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and an average price target of $196.54.

Insider Buying and Selling

In other news, Director John Graham-Cumming sold 2,520 shares of the company’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $221.36, for a total value of $557,827.20. Following the completion of the sale, the director directly owned 495,191 shares of the company’s stock, valued at $109,615,479.76. This represents a 0.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Carl Ledbetter sold 15,000 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $223.91, for a total value of $3,358,650.00. Following the completion of the sale, the director directly owned 1,013,073 shares of the company’s stock, valued at approximately $226,837,175.43. This trade represents a 1.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 729,540 shares of company stock worth $150,883,922 over the last quarter. Insiders own 10.89% of the company’s stock.

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.