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

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 33,003 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $352.60, for a total value of $11,636,857.80. Following the sale, the insider owned 69,775 shares in the company, valued at approximately $24,602,665. This trade represents a 32.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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, October 7th, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The stock was sold at an average price of $348.29, for a total transaction of $11,494,614.87.
• 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 value 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 value of $9,156,022.29.
• 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 transaction of $9,723,673.89.

Cloudflare Trading Down 3.6%

NET stock traded down $12.82 on Wednesday, reaching $342.19. The company’s stock 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 firm has a market cap of $120.96 billion, a PE ratio of -589.99, a PEG ratio of 282.35 and a beta of 1.65. The business has a fifty day simple moving average of $313.26 and a two-hundred day simple moving average of $258.43. 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 (NYSE:NET) last posted 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. 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 for the quarter, compared to analysts’ expectations of $664.66 million. During the same quarter in the prior year, the business earned $0.21 EPS. The business’s revenue for the quarter 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. As a group, research analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current year.

Key Cloudflare News

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Benchmark cut shares of Cloudflare to an “underperform” rating in a research report on Tuesday, July 7th. Robert W. Baird set a $330.00 price objective on shares of Cloudflare in a research report on Friday, August 7th. Citizens Jmp reaffirmed a “market outperform” rating and set a $394.00 price target on shares of Cloudflare in a research report on Monday, August 31st. TD Cowen lifted their price target on shares of Cloudflare from $300.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Mizuho raised their price target on Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $326.33.

Institutional Trading of Cloudflare

A number of hedge funds have recently bought and sold shares of NET. Jennison Associates LLC grew 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 worth $906,758,000 after buying an additional 2,530,872 shares during the period. Corient Private Wealth LLC lifted its position in shares of Cloudflare by 4,042.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock worth $275,887,000 after purchasing an additional 1,365,598 shares in the last quarter. Swedbank AB grew its holdings in Cloudflare by 697.5% during the 1st quarter. Swedbank AB now owns 927,606 shares of the company’s stock valued at $191,402,000 after purchasing an additional 811,297 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in Cloudflare during the 2nd quarter worth $75,595,000. Finally, USS Investment Management Ltd lifted its holdings in Cloudflare by 452.3% in the 1st quarter. USS Investment Management Ltd now owns 296,322 shares of the company’s stock worth $61,156,000 after buying an additional 242,668 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

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.