Cloudflare (NYSE:NET) Insider Sells $11,636,857.80 in Stock

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $352.60, for a total transaction of $11,636,857.80. Following the completion of the transaction, the insider directly owned 69,775 shares in the company, valued at $24,602,665. This represents a 32.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction 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 transaction of $9,156,022.29.
• On Wednesday, August 19th, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The stock was sold at an average price of $294.63, for a total transaction of $9,723,673.89.

Cloudflare Stock Down 3.6%

NYSE NET traded down $12.82 during trading on Wednesday, hitting $342.19. 2,324,437 shares of the company traded hands, 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 business has a fifty day simple moving average of $313.26 and a 200 day simple moving average of $258.43. The company has a market capitalization of $120.96 billion, a P/E ratio of -589.99, a PEG ratio of 282.35 and a beta of 1.65. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The firm’s revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 EPS. 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, sell-side analysts predict that Cloudflare, Inc. will post 0.03 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NET. Cornerstone Financial Management LLC increased its position in Cloudflare by 65.3% in the 2nd quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock valued at $29,000 after acquiring an additional 47 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of Cloudflare during the second quarter valued at approximately $30,000. CX Institutional increased its holdings in shares of Cloudflare by 49.4% in the second quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 44 shares in the last quarter. Cape Investment Advisory Inc. acquired a new stake in shares of Cloudflare in the second quarter valued at approximately $33,000. Finally, Ancora Advisors LLC bought a new position in Cloudflare in the 2nd quarter worth approximately $33,000. 82.68% of the stock is owned by institutional investors.

More 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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Citizens Jmp reaffirmed a “market outperform” rating and set a $394.00 price objective on shares of Cloudflare in a report on Monday, August 31st. Piper Sandler lifted their target price on shares of Cloudflare from $250.00 to $333.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Barclays boosted their target price on shares of Cloudflare from $300.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Sanford C. Bernstein upped their price target on shares of Cloudflare from $164.00 to $181.00 and gave the company a “market perform” rating in a report on Thursday, September 17th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $389.00 price target on shares of Cloudflare in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Cloudflare presently has a consensus rating of “Moderate Buy” and an average target price of $326.33.

About Cloudflare

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.