Cloudflare (NYSE:NET) Insider Michelle Zatlyn Sells 35,080 Shares

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 35,080 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the transaction, the insider owned 47,425 shares in the company, valued at $10,148,001.50. The trade was a 42.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 Tuesday, May 26th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $211.83, for a total transaction of $5,431,533.03.
• On Wednesday, April 22nd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $209.15, for a total transaction of $5,362,815.15.
• On Monday, April 20th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $199.37, for a total transaction of $5,112,046.17.
• On Thursday, March 5th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $189.50, for a total transaction of $4,858,969.50.
• On Tuesday, March 3rd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $174.61, for a total transaction of $4,477,175.01.

Cloudflare Stock Performance

NYSE NET opened at $209.28 on Thursday. The company has a 50-day simple moving average of $207.92 and a two-hundred day simple moving average of $198.70. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $260.00. The firm has a market cap of $73.97 billion, a price-to-earnings ratio of -837.12 and a beta of 1.67.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The firm had revenue of $639.76 million during the quarter, compared to the consensus estimate of $620.83 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The business’s revenue was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.

Wall Street Analysts Forecast Growth

NET has been the topic of a number of analyst reports. UBS Group restated a “neutral” rating and issued a $220.00 price objective on shares of Cloudflare in a research report on Wednesday, February 11th. Mizuho dropped their price target on Cloudflare from $255.00 to $235.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. Barclays lifted their price target on Cloudflare from $235.00 to $250.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Stifel Nicolaus set a $260.00 price target on Cloudflare in a research report on Friday, May 8th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $250.00 price target (up from $222.00) on shares of Cloudflare in a research report on Friday, May 8th. Eighteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $236.68.

Hedge Funds Weigh In On Cloudflare

Hedge funds have recently bought and sold shares of the business. Verus Capital Partners LLC lifted its position in Cloudflare by 7.5% during the first quarter. Verus Capital Partners LLC now owns 1,345 shares of the company’s stock valued at $278,000 after purchasing an additional 94 shares during the period. Essential Partners LLC lifted its position in Cloudflare by 14.5% during the first quarter. Essential Partners LLC now owns 402 shares of the company’s stock valued at $83,000 after purchasing an additional 51 shares during the period. Janus Henderson Group PLC lifted its position in Cloudflare by 583.1% during the first quarter. Janus Henderson Group PLC now owns 241,367 shares of the company’s stock valued at $49,805,000 after purchasing an additional 206,032 shares during the period. Centaurus Financial Inc. lifted its position in Cloudflare by 4.8% during the first quarter. Centaurus Financial Inc. now owns 1,780 shares of the company’s stock valued at $367,000 after purchasing an additional 82 shares during the period. Finally, Bull Harbor Capital LLC bought a new position in Cloudflare during the first quarter valued at approximately $417,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare’s expanded partnership with Anthropic to support secure deployment of Claude Managed Agents highlights its growing role in enterprise AI infrastructure, reinforcing the company’s growth story. Cloudflare (NET) Valuation Check After Anthropic Claude Agent Partnership Expands AI Infrastructure Role
• Positive Sentiment: Recent commentary has pointed to strong top-line growth, AI-driven demand, and a path to margin improvement after workforce reductions, which can support the long-term investment case for NET. Cloudflare Is Priced For Perfection
• Neutral Sentiment: Cloudflare has also been getting attention from market-watchers and stock-screening articles, suggesting investor interest remains elevated, though these pieces do not provide a clear new catalyst. Cloudflare, Inc. (NET) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Insider selling by co-founder Michelle Zatlyn, including two disclosed sales totaling more than 60,000 shares under a 10b5-1 plan, may weigh on sentiment because it can be interpreted as a sign of reduced insider confidence, even if the sales were pre-arranged. SEC Form 4 filing
• Negative Sentiment: Bearish commentary about Cloudflare being “priced for perfection” and criticism of its layoff memo add to concerns that the stock’s valuation may already reflect much of the good news. Cloudflare Is Priced For Perfection

Cloudflare Company Profile

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.