Michelle Zatlyn Sells 25,640 Shares of Cloudflare, Inc. (NYSE:NET) Stock

Posted by Bonnie Powley on Apr 19th, 2025

Cloudflare, Inc. (NYSE:NET – Get Free Report) insider Michelle Zatlyn sold 25,640 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $107.29, for a total transaction of $2,750,915.60. Following the transaction, the insider now owns 413,413 shares in the company, valued at $44,355,080.77. This trade represents a 5.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

On Thursday, April 17th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The shares were sold at an average price of $109.03, for a total transaction of $2,795,529.20.
On Thursday, March 27th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The shares were sold at an average price of $117.34, for a total value of $3,008,597.60.
On Tuesday, March 25th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The shares were sold at an average price of $130.85, for a total value of $3,354,994.00.
On Friday, February 21st, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The shares were sold at an average price of $156.67, for a total transaction of $4,017,018.80.
On Wednesday, February 19th, Michelle Zatlyn sold 35,099 shares of Cloudflare stock. The shares were sold at an average price of $164.84, for a total transaction of $5,785,719.16.
On Friday, January 24th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The shares were sold at an average price of $123.75, for a total value of $3,172,950.00.
On Wednesday, January 22nd, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The shares were sold at an average price of $120.40, for a total value of $3,087,056.00.

Cloudflare Trading Down 1.6 %

Cloudflare stock opened at $107.81 on Friday. The company has a 50 day moving average price of $128.02 and a 200 day moving average price of $114.01. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.37 and a current ratio of 3.37. Cloudflare, Inc. has a 52 week low of $66.24 and a 52 week high of $177.37. The firm has a market capitalization of $37.20 billion, a price-to-earnings ratio of -490.03 and a beta of 1.59.

Cloudflare (NYSE:NET – Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.21). Cloudflare had a negative net margin of 4.72% and a negative return on equity of 5.52%. Research analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on NET shares. Oppenheimer initiated coverage on shares of Cloudflare in a research report on Thursday, March 20th. They set an “outperform” rating and a $150.00 price target for the company. Citigroup upgraded shares of Cloudflare from a “neutral” rating to a “buy” rating and raised their price target for the company from $95.00 to $145.00 in a research note on Friday, January 17th. UBS Group decreased their price objective on Cloudflare from $165.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Baird R W cut Cloudflare from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada cut their price objective on shares of Cloudflare from $170.00 to $148.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $134.84.

Check Out Our Latest Research Report on Cloudflare

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NET. Hartline Investment Corp grew its holdings in shares of Cloudflare by 1.5% during the 4th quarter. Hartline Investment Corp now owns 264,336 shares of the company’s stock valued at $28,464,000 after acquiring an additional 3,957 shares in the last quarter. Birchcreek Wealth Management LLC acquired a new position in Cloudflare in the 4th quarter worth about $215,000. Strategic Blueprint LLC purchased a new stake in shares of Cloudflare during the 4th quarter worth about $265,000. Clarendon Private LLC bought a new stake in shares of Cloudflare in the 4th quarter valued at approximately $293,000. Finally, Savant Capital LLC bought a new position in Cloudflare during the fourth quarter valued at approximately $237,000. 82.68% of the stock is owned by hedge funds and other institutional investors.

Cloudflare Company Profile

(Get Free Report)

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.