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

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 33,003 shares of the business’s stock in a transaction on 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 completion of the sale, the insider directly owned 69,775 shares in the company, valued at approximately $20,557,808.25. This represents a 32.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 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 stock was 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 value 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 value of $5,431,533.03.

Cloudflare Stock Up 5.1%

Shares of NYSE:NET opened at $293.16 on Friday. The company’s fifty day moving average is $268.24 and its 200-day moving average is $227.45. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $332.22. The company has a market capitalization of $103.62 billion, a PE ratio of -505.45, a P/E/G ratio of 175.14 and a beta of 1.65.

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

Institutional Trading of Cloudflare

Several hedge funds have recently modified their holdings of NET. Norges Bank acquired a new position in shares of Cloudflare during the fourth quarter valued at $718,316,000. Jennison Associates LLC raised its position in shares of Cloudflare by 135.8% during the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after acquiring an additional 2,530,872 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of Cloudflare by 4,042.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock valued at $275,887,000 after purchasing an additional 1,365,598 shares during the period. Swedbank AB boosted its position in shares of Cloudflare by 697.5% in the 1st quarter. Swedbank AB now owns 927,606 shares of the company’s stock worth $191,402,000 after purchasing an additional 811,297 shares during the last quarter. Finally, National Pension Service grew its stake in shares of Cloudflare by 53.2% during the fourth quarter. National Pension Service now owns 948,003 shares of the company’s stock worth $186,899,000 after purchasing an additional 329,341 shares during the period. 82.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NET shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research note on Friday, July 17th. Guggenheim raised their price target on Cloudflare from $140.00 to $160.00 and gave the company a “sell” rating in a report on Friday, August 7th. Stifel Nicolaus set a $260.00 price target on Cloudflare in a report on Friday, May 8th. DZ Bank lowered Cloudflare from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, August 7th. Finally, Mizuho increased their target price on Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.