Sequoia Financial Advisors LLC Increases Stock Position in Cloudflare, Inc. (NYSE:NET)
Posted by MarketBeat News on Jul 3rd, 2025 Sequoia Financial Advisors LLC boosted its stake in Cloudflare, Inc. (NYSE:NET – Free Report) by 22.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,457 shares of the company’s stock after purchasing an additional 808 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Cloudflare were worth $502,000 as of its most recent SEC filing. Several other hedge funds have also bought and sold shares of the stock. Security National Bank purchased a new stake in Cloudflare in the 1st quarter worth $118,000. Perigon Wealth Management LLC raised its position in shares of Cloudflare by 127.9% during the 1st quarter. Perigon Wealth Management LLC now owns 27,600 shares of the company’s stock valued at $3,110,000 after buying an additional 15,487 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Cloudflare by 0.6% during the 1st quarter. Bessemer Group Inc. now owns 598,080 shares of the company’s stock valued at $67,398,000 after buying an additional 3,861 shares in the last quarter. Independent Solutions Wealth Management LLC raised its position in shares of Cloudflare by 4.0% during the 1st quarter. Independent Solutions Wealth Management LLC now owns 3,829 shares of the company’s stock valued at $431,000 after buying an additional 147 shares in the last quarter. Finally, Spire Wealth Management raised its position in shares of Cloudflare by 11.0% during the 1st quarter. Spire Wealth Management now owns 962 shares of the company’s stock valued at $108,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock. Cloudflare Price Performance Shares of NET stock opened at $185.45 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.20 and a quick ratio of 3.20. The company has a market capitalization of $64.28 billion, a P/E ratio of -806.30 and a beta of 1.85. The company’s 50-day simple moving average is $159.94 and its two-hundred day simple moving average is $136.78. Cloudflare, Inc. has a one year low of $69.26 and a one year high of $198.01. Cloudflare (NYSE:NET – Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The company had revenue of $479.09 million during the quarter, compared to the consensus estimate of $469.49 million. Cloudflare had a negative return on equity of 6.31% and a negative net margin of 4.62%. Cloudflare’s revenue was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 earnings per share. As a group, equities analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current year. Insiders Place Their Bets In other news, insider Michelle Zatlyn sold 35,098 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $156.83, for a total transaction of $5,504,419.34. Following the transaction, the insider directly owned 6,390 shares in the company, valued at approximately $1,002,143.70. This trade represents a 84.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas J. Seifert sold 41,556 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $156.78, for a total transaction of $6,515,149.68. Following the transaction, the chief financial officer owned 241,550 shares in the company, valued at approximately $37,870,209. This represents a 14.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 530,987 shares of company stock worth $80,832,794 in the last three months. Corporate insiders own 10.89% of the company’s stock. Wall Street Analyst Weigh In NET has been the topic of several recent research reports. Guggenheim upped their target price on shares of Cloudflare from $68.00 to $70.00 and gave the company a “sell” rating in a research report on Friday, May 9th. Oppenheimer restated an “outperform” rating and set a $200.00 target price (up from $165.00) on shares of Cloudflare in a research report on Thursday, June 5th. Mizuho upgraded shares of Cloudflare from a “neutral” rating to an “outperform” rating and set a $135.00 target price on the stock in a research report on Wednesday, April 16th. Susquehanna decreased their target price on shares of Cloudflare from $170.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, May 12th. Finally, Cowen reissued a “buy” rating on shares of Cloudflare in a research report on Monday, June 16th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $145.92. Check Out Our Latest Stock Analysis on Cloudflare Cloudflare Profile (Free Report) 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. Read More Five stocks we like better than Cloudflare What is the Shanghai Stock Exchange Composite Index? Jefferies Raises Broadcom Price Target to $315: 19% Upside Ahead What Makes a Stock a Good Dividend Stock? Whiplash for Investors: AeroVironment’s Confusing Stock Signals Following Congress Stock Trades The Ultimate Trump Bump: These Gov’t Backed Stocks Are Exploding Want to see what other hedge funds are holding NET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cloudflare, Inc. (NYSE:NET – Free Report). Receive News & Ratings for Cloudflare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloudflare and related companies with MarketBeat.com's FREE daily email newsletter. « PREVIOUS HEADLINESequoia Financial Advisors LLC Acquires Shares of 47,071 Apartment Investment and Management Company (NYSE:AIV) NEXT HEADLINE »Sequoia Financial Advisors LLC Has $535,000 Position in HubSpot, Inc. (NYSE:HUBS) You might be interested in: