Cloudflare (NYSE:NET) Insider Sells $5,431,533.03 in Stock

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 25,641 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $211.83, for a total value of $5,431,533.03. Following the completion of the sale, the insider directly owned 47,425 shares of the company’s stock, valued at $10,046,037.75. The trade was a 35.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michelle Zatlyn also recently made the following trade(s):

• On Friday, May 22nd, Michelle Zatlyn sold 35,080 shares of Cloudflare stock. The shares were sold at an average price of $213.98, for a total value of $7,506,418.40.
• On Wednesday, April 22nd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $209.15, for a total value of $5,362,815.15.
• On Monday, April 20th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $199.37, for a total value of $5,112,046.17.
• On Thursday, March 5th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $189.50, for a total value of $4,858,969.50.
• On Tuesday, March 3rd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $174.61, for a total value of $4,477,175.01.

Cloudflare Stock Down 3.8%

Cloudflare stock traded down $8.26 on Wednesday, hitting $209.28. 3,063,414 shares of the stock traded hands, compared to its average volume of 4,646,282. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The firm has a market cap of $73.97 billion, a P/E ratio of -837.12 and a beta of 1.67. The business’s fifty day simple moving average is $207.88 and its 200 day simple moving average is $198.82. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $260.00.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $639.76 million during the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.

Hedge Funds Weigh In On Cloudflare

Several large investors have recently modified their holdings of NET. Empowered Funds LLC raised its position in shares of Cloudflare by 34.2% in the 1st quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock worth $750,000 after purchasing an additional 1,696 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Cloudflare in the 2nd quarter worth about $424,000. Cerity Partners LLC increased its holdings in Cloudflare by 30.1% in the 2nd quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock worth $5,391,000 after buying an additional 6,363 shares in the last quarter. Sei Investments Co. increased its holdings in Cloudflare by 40.1% in the 2nd quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock worth $64,432,000 after buying an additional 94,112 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Cloudflare by 14.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock worth $3,224,000 after buying an additional 2,093 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analysts Set New Price Targets

NET has been the subject of several recent research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Cloudflare in a research report on Friday, May 22nd. BTIG Research reaffirmed a “buy” rating and issued a $243.00 price target on shares of Cloudflare in a research report on Friday, May 8th. Morgan Stanley set a $245.00 price target on Cloudflare in a research report on Wednesday, February 11th. Piper Sandler reaffirmed an “overweight” rating and issued a $250.00 price target (up from $222.00) on shares of Cloudflare in a research report on Friday, May 8th. Finally, Jefferies Financial Group started coverage on Cloudflare in a research report on Wednesday, April 15th. They issued a “buy” rating for the company. Eighteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Cloudflare has an average rating of “Moderate Buy” and a consensus price target of $236.68.

About Cloudflare

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.