Michelle Zatlyn Sells 25,641 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 25,641 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $208.61, for a total transaction of $5,348,969.01. Following the transaction, the insider directly owned 24,555 shares in the company, valued at $5,122,418.55. This trade represents a 51.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, December 9th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $205.15, for a total transaction of $5,260,251.15.
• On Monday, November 24th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $189.07, for a total transaction of $4,847,943.87.
• On Friday, November 21st, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $188.13, for a total value of $4,823,841.33.
• On Thursday, November 20th, Michelle Zatlyn sold 35,099 shares of Cloudflare stock. The stock was sold at an average price of $199.26, for a total value of $6,993,826.74.
• On Thursday, October 9th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $215.38, for a total transaction of $5,522,558.58.
• On Tuesday, October 7th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $218.20, for a total transaction of $5,594,866.20.
• On Thursday, September 25th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $212.49, for a total transaction of $5,448,456.09.
• On Tuesday, September 23rd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $223.45, for a total transaction of $5,729,481.45.

Cloudflare Trading Down 2.7%

NYSE:NET opened at $202.41 on Friday. The stock has a market capitalization of $70.90 billion, a price-to-earnings ratio of -674.70 and a beta of 1.94. Cloudflare, Inc. has a 52 week low of $89.42 and a 52 week high of $260.00. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.46. The firm has a 50 day moving average of $213.94 and a 200 day moving average of $203.26.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The business had revenue of $562.03 million for the quarter, compared to analyst estimates of $544.65 million. During the same period in the previous year, the company earned $0.20 earnings per share. The business’s revenue for the quarter was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. As a group, sell-side analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on NET. Robert W. Baird set a $220.00 price target on Cloudflare in a research note on Friday, October 31st. Wells Fargo & Company upped their price objective on shares of Cloudflare from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Cantor Fitzgerald increased their price objective on shares of Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Royal Bank Of Canada lifted their target price on shares of Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, Barclays assumed coverage on shares of Cloudflare in a research note on Tuesday, December 2nd. They set an “overweight” rating and a $235.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $235.33.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Cloudflare in the second quarter worth about $541,462,000. Groupama Asset Managment purchased a new position in Cloudflare during the second quarter valued at approximately $225,204,000. Vanguard Group Inc. lifted its holdings in Cloudflare by 2.6% in the third quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company’s stock valued at $6,934,958,000 after acquiring an additional 821,684 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Cloudflare by 33.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock valued at $352,610,000 after acquiring an additional 786,063 shares during the period. Finally, Nuveen LLC purchased a new stake in Cloudflare in the 1st quarter worth approximately $88,203,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

About Cloudflare

Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.