Atria Investments Inc Takes $1.62 Million Position in Cloudflare, Inc. $NET

Atria Investments Inc acquired a new stake in Cloudflare, Inc. (NYSE:NET) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,282 shares of the company’s stock, valued at approximately $1,622,000.

Other large investors also recently modified their holdings of the company. Quaker Wealth Management LLC boosted its position in shares of Cloudflare by 218.6% in the second quarter. Quaker Wealth Management LLC now owns 166 shares of the company’s stock valued at $33,000 after acquiring an additional 306 shares during the period. Hilltop National Bank bought a new stake in Cloudflare during the second quarter valued at approximately $36,000. Ameritas Advisory Services LLC bought a new stake in Cloudflare during the second quarter valued at approximately $39,000. Cullen Frost Bankers Inc. bought a new stake in Cloudflare during the second quarter valued at approximately $45,000. Finally, Whipplewood Advisors LLC lifted its position in Cloudflare by 277.6% during the second quarter. Whipplewood Advisors LLC now owns 253 shares of the company’s stock valued at $50,000 after purchasing an additional 186 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cloudflare

In other Cloudflare news, insider Michelle Zatlyn sold 35,100 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $191.71, for a total transaction of $6,729,021.00. Following the transaction, the insider directly owned 14,575 shares of the company’s stock, valued at approximately $2,794,173.25. The trade was a 70.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas J. Seifert sold 41,555 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $190.64, for a total transaction of $7,922,045.20. Following the transaction, the chief financial officer directly owned 189,517 shares in the company, valued at approximately $36,129,520.88. The trade was a 17.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 635,060 shares of company stock valued at $132,450,738. 10.89% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NET shares. DZ Bank reiterated a “sell” rating and set a $170.00 target price on shares of Cloudflare in a research report on Tuesday, July 22nd. Jefferies Financial Group began coverage on shares of Cloudflare in a research note on Friday. They set a “hold” rating and a $250.00 price target on the stock. Royal Bank Of Canada lifted their price target on shares of Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Cantor Fitzgerald lifted their price target on shares of Cloudflare from $199.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, Bank of America lifted their price target on shares of Cloudflare from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cloudflare currently has an average rating of “Moderate Buy” and a consensus target price of $231.48.

Cloudflare Stock Down 6.2%

Shares of NYSE NET opened at $232.68 on Wednesday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. Cloudflare, Inc. has a 52 week low of $86.43 and a 52 week high of $260.00. The firm’s fifty day moving average is $219.28 and its 200 day moving average is $189.80. The company has a market cap of $81.09 billion, a price-to-earnings ratio of -775.61 and a beta of 2.10.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The company had revenue of $430.08 million for the quarter, compared to the consensus estimate of $544.87 million. During the same period in the previous year, the firm earned $0.20 earnings per share. The firm’s revenue for the quarter was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. On average, equities research analysts expect that Cloudflare, Inc. will post -0.11 earnings per share 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.