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

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction on Friday, August 21st. The shares were sold at an average price of $277.43, for a total value of $9,156,022.29. Following the sale, the insider directly owned 69,775 shares of the company’s stock, valued at $19,357,678.25. This represents a 32.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 shares were 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 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 1 year low of $158.83 and a 1 year high of $332.22. The firm has a market cap of $103.62 billion, a PE ratio of -505.45, a PEG ratio of 166.64 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. The company has a 50 day simple moving average of $268.24 and a two-hundred day simple moving average of $227.45.

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

Wall Street Analysts Forecast Growth

NET has been the topic of a number of research analyst reports. Benchmark cut Cloudflare to an “underperform” rating in a research note on Tuesday, July 7th. Oppenheimer lifted their price target on Cloudflare from $330.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft raised Cloudflare to a “buy” rating in a report on Tuesday, July 7th. Finally, Needham & Company LLC boosted their target price on Cloudflare from $280.00 to $380.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $320.19.

Institutional Trading of Cloudflare

Several institutional investors have recently added to or reduced their stakes in the business. HM Payson & Co. purchased a new position in shares of Cloudflare in the fourth quarter worth about $25,000. Wiser Advisor Group LLC purchased a new stake in Cloudflare during the 3rd quarter valued at about $26,000. C M Bidwell & Associates Ltd. bought a new position in Cloudflare during the 2nd quarter worth approximately $30,000. Wexford Capital LP bought a new position in Cloudflare during the 3rd quarter worth approximately $30,000. Finally, CX Institutional increased its stake in Cloudflare by 49.4% in the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 44 shares during the period. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

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.