Key Points
- Insider Michelle Zatlyn sold 25,641 shares on Nov. 21 at an average price of $188.13 for $4.82M, cutting her position by 51.08% and continuing a pattern of multiple large sales since September.
- Cloudflare beat Q3 estimates with $0.27 EPS (vs. $0.23) and $562M revenue (up 30.7% year-over-year), but still shows a negative net margin (-5.12%) and provided Q4 and FY2025 EPS guidance of 0.27 and 0.91 respectively.
- Analysts hold a “Moderate Buy” consensus with a $235.35 average target while the stock trades near $194 (50-day SMA $218.76, 52-week range $89.42–$260.00) and carries a negative P/E ratio.
Cloudflare, Inc. (NYSE:NET - Get Free Report) insider Michelle Zatlyn sold 25,641 shares of the company's stock in a transaction on Friday, November 21st. The shares were sold at an average price of $188.13, for a total transaction of $4,823,841.33. Following the sale, the insider directly owned 24,555 shares in the company, valued at $4,619,532.15. This trade represents a 51.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
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 shares were 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 shares were sold at an average price of $215.38, for a total transaction 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 transaction 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 Stock Performance
Shares of NET opened at $193.91 on Tuesday. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00. The stock's 50-day simple moving average is $218.76 and its 200 day simple moving average is $199.05. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. The stock has a market capitalization of $67.92 billion, a price-to-earnings ratio of -646.37 and a beta of 2.10.
Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. The firm had revenue of $562.03 million for the quarter, compared to the consensus estimate of $544.87 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The company's revenue for the quarter was up 30.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 earnings per share. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. Research analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Jefferies Financial Group began coverage on Cloudflare in a research note on Friday, October 31st. They issued a "hold" rating and a $250.00 target price on the stock. KeyCorp lifted their target price on shares of Cloudflare from $235.00 to $300.00 and gave the company an "overweight" rating in a research report on Friday, October 31st. Weiss Ratings reissued a "sell (d-)" rating on shares of Cloudflare in a report on Wednesday, October 8th. UBS Group raised their price objective on shares of Cloudflare from $240.00 to $245.00 and gave the company a "neutral" rating in a research report on Friday, October 31st. Finally, Scotiabank upped their target price on shares of Cloudflare from $200.00 to $225.00 and gave the stock a "sector perform" rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Cloudflare currently has an average rating of "Moderate Buy" and a consensus target price of $235.35.
Get Our Latest Report on NET
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Reliant Investment Partners LLC raised its stake in Cloudflare by 1.5% in the third quarter. Reliant Investment Partners LLC now owns 3,316 shares of the company's stock worth $718,000 after buying an additional 50 shares in the last quarter. Daymark Wealth Partners LLC lifted its stake in shares of Cloudflare by 1.1% in the 2nd quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company's stock valued at $892,000 after purchasing an additional 51 shares during the period. Frank Rimerman Advisors LLC boosted its position in shares of Cloudflare by 1.8% during the third quarter. Frank Rimerman Advisors LLC now owns 2,821 shares of the company's stock valued at $605,000 after purchasing an additional 51 shares in the last quarter. Huntington National Bank raised its holdings in Cloudflare by 22.8% in the second quarter. Huntington National Bank now owns 280 shares of the company's stock worth $55,000 after purchasing an additional 52 shares in the last quarter. Finally, ORG Partners LLC lifted its position in Cloudflare by 11.9% during the second quarter. ORG Partners LLC now owns 498 shares of the company's stock valued at $92,000 after buying an additional 53 shares during the period. 82.68% of the stock is owned by hedge funds and other institutional investors.
About Cloudflare
(
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.
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