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

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 33,003 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $294.63, for a total value of $9,723,673.89. Following the sale, the insider owned 69,775 shares in the company, valued at $20,557,808.25. This trade represents a 32.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Friday, August 21st, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The shares were sold at an average price of $277.43, for a total value of $9,156,022.29.
• On Thursday, June 18th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $219.11, for a total transaction 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 transaction of $5,973,840.18.
• On Tuesday, May 26th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $211.83, for a total transaction of $5,431,533.03.

Cloudflare Trading Up 5.1%

Shares of Cloudflare stock opened at $293.16 on Friday. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $332.22. The firm’s 50-day moving average price is $268.24 and its 200 day moving average price is $227.45. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $103.62 billion, a PE ratio of -505.45, a P/E/G ratio of 166.64 and a beta of 1.65.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The business had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. During the same quarter last year, the business posted $0.21 earnings per share. The business’s quarterly 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. On average, sell-side analysts predict that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on NET shares. Needham & Company LLC increased their price objective on shares of Cloudflare from $280.00 to $380.00 and gave the company a “buy” rating in a report on Friday, August 7th. KeyCorp lifted their price objective on Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Oppenheimer upped their target price on Cloudflare from $330.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Robert W. Baird set a $330.00 price target on Cloudflare in a report on Friday, August 7th. Finally, Barclays raised their price objective on shares of Cloudflare from $300.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $320.19.

Hedge Funds Weigh In On Cloudflare

A number of hedge funds have recently modified their holdings of NET. HM Payson & Co. acquired a new position in Cloudflare in the fourth quarter valued at about $25,000. Wiser Advisor Group LLC acquired a new position in Cloudflare during the 3rd quarter worth about $26,000. C M Bidwell & Associates Ltd. purchased a new position in Cloudflare during the 2nd quarter valued at about $30,000. Wexford Capital LP acquired a new position in Cloudflare in the 3rd quarter valued at about $30,000. Finally, CX Institutional lifted its position in shares of Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 44 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

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.