Michelle Zatlyn Sells 33,003 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $277.43, for a total value of $9,156,022.29. Following the transaction, the insider directly owned 69,775 shares in the company, valued at $19,357,678.25. The trade was a 32.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, August 19th, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The shares were sold at an average price of $294.63, for a total value of $9,723,673.89.
• On Thursday, June 18th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $219.11, for a total value of $5,618,199.51.
• On Tuesday, June 16th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $232.98, for a total value of $5,973,840.18.
• On Tuesday, May 26th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $211.83, for a total value of $5,431,533.03.

Cloudflare Stock Performance

Shares of NET stock opened at $293.16 on Friday. The business’s 50 day simple moving average is $268.24 and its 200 day simple moving average is $227.45. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $332.22. The stock has a market capitalization of $103.62 billion, a PE ratio of -505.45, a PEG ratio of 175.14 and a beta of 1.65. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The firm had revenue of $696.06 million during the quarter, compared to analyst estimates of $664.66 million. During the same quarter last year, the business earned $0.21 EPS. The company’s revenue was up 35.9% compared to the same quarter last year. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. As a group, research analysts forecast that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Institutional Trading of Cloudflare

Hedge funds have recently modified their holdings of the stock. C M Bidwell & Associates Ltd. bought a new position in Cloudflare during the second quarter worth $30,000. Wiser Advisor Group LLC acquired a new stake in Cloudflare in the third quarter worth $26,000. HM Payson & Co. acquired a new stake in Cloudflare in the fourth quarter worth $25,000. CX Institutional increased its stake in Cloudflare by 49.4% in the second quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 44 shares in the last quarter. Finally, Cape Investment Advisory Inc. bought a new stake in Cloudflare in the second quarter valued at $33,000. Institutional investors own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NET. Cantor Fitzgerald reissued a “neutral” rating and set a $250.00 target price on shares of Cloudflare in a research note on Monday, August 3rd. Barclays upped their price target on shares of Cloudflare from $300.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Morgan Stanley reiterated an “overweight” rating and set a $370.00 price target on shares of Cloudflare in a report on Friday, August 7th. Citigroup lifted their price objective on Cloudflare from $265.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, UBS Group boosted their price objective on Cloudflare from $250.00 to $350.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $320.19.

Cloudflare Company Profile

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.