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 Thursday, September 3rd. The stock was sold at an average price of $278.92, for a total value of $9,205,196.76. Following the completion of the transaction, the insider directly owned 69,775 shares of the company’s stock, valued at $19,461,643. This represents a 32.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 Tuesday, September 8th, 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 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 stock was 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 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 shares were sold at an average price of $232.98, for a total transaction of $5,973,840.18.

Cloudflare Stock Up 2.0%

Shares of NYSE:NET traded up $5.61 during midday trading on Tuesday, reaching $284.53. The company’s stock had a trading volume of 2,410,002 shares, compared to its average volume of 3,046,806. The firm has a 50 day moving average of $281.89 and a 200-day moving average of $236.66. The firm has a market capitalization of $100.57 billion, a P/E ratio of -490.57, a PEG ratio of 228.00 and a beta of 1.66. 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 12-month low of $158.83 and a 12-month high of $332.22.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $696.06 million during the quarter, compared to analyst estimates of $664.66 million. During the same period last year, the business earned $0.21 EPS. Cloudflare’s quarterly 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. On average, research analysts anticipate that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its holdings in shares of Cloudflare by 24,491.6% during the 2nd quarter. California State Teachers Retirement System now owns 114,562,194 shares of the company’s stock valued at $28,099,815,000 after purchasing an additional 114,096,335 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Cloudflare by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock worth $1,184,044,000 after buying an additional 241,981 shares in the last quarter. Jennison Associates LLC boosted its stake in Cloudflare by 135.8% during the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after buying an additional 2,530,872 shares during the last quarter. First Trust Advisors LP boosted its stake in Cloudflare by 1.6% during the fourth quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock valued at $792,377,000 after buying an additional 63,198 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Cloudflare by 1.3% during the 3rd quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock valued at $850,792,000 after buying an additional 49,485 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NET shares. Deutsche Bank Aktiengesellschaft upgraded Cloudflare to a “buy” rating in a research note on Tuesday, July 7th. Susquehanna lifted their price objective on Cloudflare from $200.00 to $300.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Robert W. Baird set a $330.00 target price on Cloudflare in a research note on Friday, August 7th. The Goldman Sachs Group restated a “buy” rating and set a $389.00 price target on shares of Cloudflare in a report on Friday, August 7th. Finally, Citizens Jmp restated a “market outperform” rating and set a $394.00 price target on shares of Cloudflare in a report on Monday, August 31st. 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. According to data from MarketBeat, the company has a consensus 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.