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

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 33,003 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $277.43, for a total transaction of $9,156,022.29. Following the completion of the sale, the insider directly owned 69,775 shares of the company’s stock, valued at $19,357,678.25. This trade represents a 32.11% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 Thursday, September 3rd, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The shares were sold at an average price of $278.92, for a total value of $9,205,196.76.
• 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 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 transaction 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 transaction of $5,618,199.51.
• On Tuesday, June 16th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $232.98, for a total value of $5,973,840.18.

Cloudflare Stock Performance

Shares of NYSE:NET traded up $5.61 during trading on Tuesday, reaching $284.53. The stock had a trading volume of 2,410,002 shares, compared to its average volume of 3,046,806. The stock has a fifty day simple moving average of $281.89 and a two-hundred day simple moving average of $236.66. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $332.22. The firm has a market capitalization of $100.57 billion, a price-to-earnings ratio of -490.57, a P/E/G ratio of 228.00 and a beta of 1.66.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $664.66 million. During the same quarter in the previous year, the firm earned $0.21 EPS. The firm’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, analysts anticipate that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cloudflare

Several hedge funds and other institutional investors have recently made changes to their positions in NET. Empowered Funds LLC boosted its holdings in Cloudflare by 34.2% in the first quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock valued at $750,000 after acquiring an additional 1,696 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Cloudflare in the second quarter worth about $424,000. Cerity Partners LLC raised its holdings in Cloudflare by 30.1% during the 2nd quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock worth $5,391,000 after purchasing an additional 6,363 shares during the last quarter. Sei Investments Co. raised its holdings in Cloudflare by 40.1% during the 2nd quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock worth $64,432,000 after purchasing an additional 94,112 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Cloudflare by 14.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock valued at $3,224,000 after purchasing an additional 2,093 shares during the period. 82.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NET has been the topic of a number of analyst reports. Jefferies Financial Group set a $350.00 target price on shares of Cloudflare in a research note on Friday, August 7th. Guggenheim lifted their price objective on Cloudflare from $140.00 to $160.00 and gave the company a “sell” rating in a report on Friday, August 7th. Benchmark lowered Cloudflare to an “underperform” rating in a research note on Tuesday, July 7th. Raymond James Financial began coverage on Cloudflare in a research note on Tuesday, July 7th. They issued a “strong-buy” rating on the stock. Finally, Oppenheimer upped their price target on Cloudflare from $330.00 to $380.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $320.19.

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.