EP Wealth Advisors LLC Has $237,000 Stock Holdings in Cloudflare, Inc. $NET

EP Wealth Advisors LLC decreased its position in Cloudflare, Inc. (NYSE:NET) by 4.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,101 shares of the company’s stock after selling 100 shares during the period. EP Wealth Advisors LLC’s holdings in Cloudflare were worth $237,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its stake in Cloudflare by 6.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,320 shares of the company’s stock worth $152,000 after buying an additional 77 shares during the period. Gill Capital Partners LLC increased its holdings in shares of Cloudflare by 2.9% in the first quarter. Gill Capital Partners LLC now owns 2,761 shares of the company’s stock worth $311,000 after acquiring an additional 79 shares in the last quarter. Spire Wealth Management raised its position in shares of Cloudflare by 11.0% during the first quarter. Spire Wealth Management now owns 962 shares of the company’s stock worth $108,000 after purchasing an additional 95 shares during the period. Yousif Capital Management LLC lifted its holdings in shares of Cloudflare by 2.5% during the 1st 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 in the last quarter. Finally, Freestone Capital Holdings LLC grew its position in shares of Cloudflare by 1.9% in the 1st quarter. Freestone Capital Holdings LLC now owns 5,263 shares of the company’s stock valued at $593,000 after purchasing an additional 98 shares during the period. Institutional investors own 82.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on NET. Royal Bank Of Canada raised their target price on shares of Cloudflare from $210.00 to $228.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Stifel Nicolaus raised their price objective on shares of Cloudflare from $175.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Cantor Fitzgerald boosted their price objective on shares of Cloudflare from $162.00 to $199.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Cowen reiterated a “buy” rating on shares of Cloudflare in a report on Monday, June 16th. Finally, DZ Bank reissued a “sell” rating and issued a $170.00 price target on shares of Cloudflare in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.28.

Cloudflare Stock Up 0.3%

Cloudflare stock opened at $218.55 on Wednesday. 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, Inc. has a 1-year low of $74.88 and a 1-year high of $220.99. The company has a fifty day simple moving average of $199.30 and a 200 day simple moving average of $160.46. The company has a market cap of $76.16 billion, a P/E ratio of -642.79 and a beta of 1.95.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The company 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 company’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period in the prior 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. Research analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Michelle Zatlyn sold 35,100 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $191.71, for a total value of $6,729,021.00. Following the completion of the transaction, the insider directly owned 14,575 shares of the company’s stock, valued at approximately $2,794,173.25. This trade represents a 70.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $171.25, for a total transaction of $8,970,760.00. Following the transaction, the chief executive officer owned 381,213 shares in the company, valued at approximately $65,282,726.25. The trade was a 12.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 633,896 shares of company stock valued at $121,424,464 in the last ninety days. 10.89% of the stock is owned by company insiders.

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.