Michelle Zatlyn Sells 25,641 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 25,641 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $205.15, for a total transaction of $5,260,251.15. Following the sale, the insider directly owned 24,555 shares of the company’s stock, valued at approximately $5,037,458.25. This represents a 51.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, December 11th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $208.61, for a total transaction of $5,348,969.01.
• 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 value of $4,847,943.87.
• On Friday, November 21st, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $188.13, for a total value of $4,823,841.33.
• 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 value 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 shares were 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 value 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 Trading Down 2.8%

Shares of NET traded down $5.96 during mid-day trading on Thursday, reaching $207.50. The stock had a trading volume of 2,234,648 shares, compared to its average volume of 3,280,031. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00. The firm has a market cap of $72.68 billion, a price-to-earnings ratio of -691.67 and a beta of 1.94. The business’s fifty day moving average is $214.57 and its 200 day moving average is $202.92. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The company had revenue of $562.03 million for the quarter, compared to analyst estimates of $544.65 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. Cloudflare’s revenue was up 30.7% on a year-over-year basis. 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 and its FY 2025 guidance at 0.910-0.910 EPS. On average, sell-side analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NET has been the subject of several analyst reports. Mizuho increased their price objective on Cloudflare from $240.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. KeyCorp upped their price target on Cloudflare from $235.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Susquehanna increased their price target on Cloudflare from $205.00 to $260.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Piper Sandler boosted their target price on Cloudflare from $224.00 to $249.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Wells Fargo & Company increased their price target on shares of Cloudflare from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $235.33.

Institutional Trading of Cloudflare

A number of institutional investors have recently bought and sold shares of the business. Westfield Capital Management Co. LP purchased a new position in shares of Cloudflare in the 2nd quarter valued at approximately $87,868,000. Wealthedge Investment Advisors LLC raised its stake in shares of Cloudflare by 64.5% during the first quarter. Wealthedge Investment Advisors LLC now owns 12,132 shares of the company’s stock worth $1,367,000 after purchasing an additional 4,755 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Cloudflare by 34.5% during the first quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after purchasing an additional 779,819 shares during the period. Motley Fool Asset Management LLC grew its position in Cloudflare by 10.5% in the 2nd quarter. Motley Fool Asset Management LLC now owns 17,752 shares of the company’s stock valued at $3,476,000 after buying an additional 1,691 shares during the last quarter. Finally, Strategy Capital LLC grew its position in Cloudflare by 4.5% in the 2nd quarter. Strategy Capital LLC now owns 1,165,942 shares of the company’s stock valued at $228,326,000 after buying an additional 50,374 shares during the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

Cloudflare Company Profile

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.