Cloudflare (NYSE:NET) Stock: 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 on Wednesday, October 7th. The shares were sold at an average price of $348.29, for a total value of $11,494,614.87. Following the completion of the transaction, the insider owned 69,775 shares in the company, valued at $24,301,934.75. The trade was a 32.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, October 5th, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The shares were sold at an average price of $352.60, for a total transaction of $11,636,857.80.
• On Tuesday, September 8th, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The stock was sold at an average price of $277.43, for a total transaction of $9,156,022.29.
• 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 transaction of $9,205,196.76.
• On Friday, August 21st, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The stock was sold at an average price of $277.43, for a total transaction of $9,156,022.29.
• On Wednesday, August 19th, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The stock was sold at an average price of $294.63, for a total value of $9,723,673.89.

Cloudflare Price Performance

Shares of NET stock traded down $12.82 during trading hours on Wednesday, reaching $342.19. The company had a trading volume of 2,324,437 shares, compared to its average volume of 3,191,364. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $370.35. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market capitalization of $120.96 billion, a price-to-earnings ratio of -589.99, a PEG ratio of 282.35 and a beta of 1.65. The stock has a fifty day moving average of $313.26 and a 200-day moving average of $258.43.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The firm’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the business 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. On average, equities analysts anticipate that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: BTIG raised its price target to $413 from $382 and maintained a Buy rating, citing further upside potential. The upgrade helped push Cloudflare to a new 12-month high. Cloudflare Reaches New 12-Month High Following Analyst Upgrade
• Positive Sentiment: Cloudflare launched Basin, a data platform designed for serverless analytics and AI workloads. Its use of open formats and lack of cross-cloud transfer fees could improve data-management economics and create a potential new growth driver. Cloudflare’s Data Platform Expands: Is Basin the Next Growth Driver?
• Positive Sentiment: AI-driven internet traffic remains a key bullish theme. Commentary highlighted Cloudflare’s positioning as AI agents increase web traffic, while company data indicated it was the fastest provider across 74% of the top 1,000 networks. Why Cloudflare Stock Is Trading Up
• Neutral Sentiment: Analysts’ average brokerage recommendation is equivalent to Buy, but the article cautions that consistently optimistic ratings may be less useful when evaluating a richly valued growth stock. Brokers Suggest Investing in Cloudflare
• Negative Sentiment: Valuation is the main concern. Jim Cramer said Cloudflare could benefit from rising AI traffic but expressed reservations about buying at its current valuation. The stock had also risen about 28% over the prior month, increasing the risk of profit-taking. Jim Cramer Loves Cloudflare, but There’s a Catch

Institutional Investors Weigh In On Cloudflare

Hedge funds and other institutional investors have recently modified their holdings of the company. Violich Capital Management Inc. purchased a new position in Cloudflare in the third quarter valued at $226,000. Versant Capital Management Inc lifted its holdings in Cloudflare by 14.8% during the 3rd quarter. Versant Capital Management Inc now owns 1,342 shares of the company’s stock worth $466,000 after buying an additional 173 shares during the last quarter. Burkett Financial Services LLC acquired a new position in shares of Cloudflare during the 3rd quarter worth about $76,000. QRG Capital Management Inc. increased its holdings in shares of Cloudflare by 26.9% in the 2nd quarter. QRG Capital Management Inc. now owns 89,277 shares of the company’s stock valued at $21,898,000 after acquiring an additional 18,914 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of Cloudflare by 11.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,229 shares of the company’s stock valued at $1,773,000 after acquiring an additional 738 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NET. Susquehanna upped their price objective on Cloudflare from $200.00 to $300.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Guggenheim lifted their price target on shares of Cloudflare from $140.00 to $160.00 and gave the company a “sell” rating in a research report on Friday, August 7th. Benchmark lowered Cloudflare to an “underperform” rating in a research report on Tuesday, July 7th. UBS Group boosted their price objective on Cloudflare from $250.00 to $350.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Scotiabank lifted their target price on Cloudflare from $300.00 to $390.00 and gave the company an “outperform” rating in a research report 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 issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $326.33.

Cloudflare Company Profile

Cloudflare, Inc is a connectivity cloud company that provides services designed to help organizations make their websites, applications and networks more secure, reliable and faster. Its global network sits between users and the services they access, supporting content delivery, domain name system services, traffic optimization and protection against distributed denial-of-service attacks and other online threats.

The company offers a range of application and network security products, including web application firewalls, bot management, application programming interface protection, zero-trust security and secure access services.