Atria Wealth Solutions Inc. Lowers Stake in Cloudflare, Inc. $NET

Atria Wealth Solutions Inc. reduced its stake in shares of Cloudflare, Inc. (NYSE:NET) by 47.7% in the second quarter, Holdings Channel reports. The firm owned 3,682 shares of the company’s stock after selling 3,360 shares during the period. Atria Wealth Solutions Inc.’s holdings in Cloudflare were worth $719,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NET. Yousif Capital Management LLC boosted its stake in shares of Cloudflare by 2.5% during the first quarter. Yousif Capital Management LLC now owns 3,969 shares of the company’s stock valued at $447,000 after purchasing an additional 98 shares during the period. GAMMA Investing LLC boosted its stake in shares of Cloudflare by 86.8% during the first quarter. GAMMA Investing LLC now owns 1,093 shares of the company’s stock valued at $123,000 after purchasing an additional 508 shares during the period. Fifth Third Bancorp boosted its stake in shares of Cloudflare by 88.5% during the first quarter. Fifth Third Bancorp now owns 441 shares of the company’s stock valued at $50,000 after purchasing an additional 207 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Cloudflare by 5.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 32,268 shares of the company’s stock valued at $3,636,000 after purchasing an additional 1,616 shares during the period. Finally, Sowell Financial Services LLC purchased a new stake in shares of Cloudflare during the first quarter valued at $226,000. 82.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Cloudflare news, CFO Thomas J. Seifert sold 34,270 shares of the business’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $200.17, for a total value of $6,859,825.90. Following the completion of the transaction, the chief financial officer directly owned 241,550 shares in the company, valued at approximately $48,351,063.50. The trade was a 12.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $200.43, for a total transaction of $10,499,325.12. Following the completion of the transaction, the chief executive officer owned 20,111 shares of the company’s stock, valued at $4,030,847.73. This represents a 72.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 729,540 shares of company stock valued at $150,883,922. Company insiders own 10.89% of the company’s stock.

Cloudflare Stock Performance

Shares of Cloudflare stock opened at $209.94 on Friday. The company has a market capitalization of $73.16 billion, a PE ratio of -617.47 and a beta of 1.99. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14. The company has a 50-day simple moving average of $212.65 and a two-hundred day simple moving average of $178.63. Cloudflare, Inc. has a one year low of $85.60 and a one year high of $230.10.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $512.32 million during the quarter, compared to the consensus estimate of $501.58 million. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The firm’s revenue was up 27.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. Research analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NET shares. JMP Securities boosted their target price on shares of Cloudflare from $180.00 to $225.00 and gave the company a “market outperform” rating in a research note on Monday, July 28th. Cantor Fitzgerald upped their price objective on shares of Cloudflare from $162.00 to $199.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Guggenheim upped 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. Citigroup upped their price objective on shares of Cloudflare from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Finally, Bank of America upped their price objective 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 equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $196.54.

Cloudflare 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.