Insider Selling: Cloudflare (NYSE:NET) Insider Sells 25,641 Shares of Stock

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 25,641 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $188.13, for a total transaction of $4,823,841.33. Following the completion of the sale, the insider directly owned 24,555 shares of the company’s stock, valued at approximately $4,619,532.15. This trade represents a 51.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 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 transaction 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 value of $5,522,558.58.
• On Tuesday, October 7th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $218.20, for a total value 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 shares were sold at an average price of $223.45, for a total transaction of $5,729,481.45.

Cloudflare Price Performance

NYSE NET traded up $7.53 during midday trading on Monday, hitting $193.91. The company had a trading volume of 4,517,197 shares, compared to its average volume of 3,725,999. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. Cloudflare, Inc. has a twelve month low of $89.42 and a twelve month high of $260.00. The company has a market capitalization of $67.92 billion, a PE ratio of -646.37 and a beta of 2.10. The firm has a 50-day moving average price of $218.76 and a 200-day moving average price of $199.05.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $562.03 million for the quarter, compared to analysts’ expectations of $544.87 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The firm’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 EPS. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. As a group, analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NET shares. Oppenheimer started coverage on shares of Cloudflare in a report on Monday, November 10th. They issued an “outperform” rating and a $260.00 price target on the stock. Jefferies Financial Group assumed coverage on Cloudflare in a report on Friday, October 31st. They set a “hold” rating and a $250.00 price objective for the company. Needham & Company LLC raised their price objective on shares of Cloudflare from $240.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wall Street Zen raised Cloudflare from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Mizuho boosted their target price on Cloudflare from $240.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $235.35.

Institutional Trading of Cloudflare

Institutional investors have recently bought and sold shares of the company. Kestra Private Wealth Services LLC boosted its holdings in shares of Cloudflare by 8.1% during the 1st quarter. Kestra Private Wealth Services LLC now owns 3,224 shares of the company’s stock valued at $363,000 after acquiring an additional 241 shares during the last quarter. Allianz Asset Management GmbH grew its position in Cloudflare by 5.3% in the 1st quarter. Allianz Asset Management GmbH now owns 25,700 shares of the company’s stock worth $2,897,000 after purchasing an additional 1,288 shares during the period. Choreo LLC grew its position in Cloudflare by 7.1% in the 1st quarter. Choreo LLC now owns 5,105 shares of the company’s stock worth $575,000 after purchasing an additional 339 shares during the period. AE Wealth Management LLC purchased a new stake in Cloudflare during the 1st quarter valued at $212,000. Finally, Pinnacle Associates Ltd. bought a new position in shares of Cloudflare during the 1st quarter valued at $287,000. 82.68% of the stock is owned by hedge funds and other institutional investors.

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.