Key Points
- Michelle Zatlyn sold 25,641 shares of Cloudflare on Dec. 9 at an average price of $205.15 for about $5.26M, cutting her position by 51.08% to 24,555 shares as disclosed in an SEC filing.
- Zatlyn has repeatedly sold large blocks of Cloudflare stock over the past months (including sales on Sept. 23 & 25, Oct. 7 & 9, Nov. 20, 21 & 24, and Dec. 11), with individual transactions ranging roughly from $4.8M to $7.0M, signaling sustained insider selling.
- For context, NET opened at $207.50 and was down about 2.8%; the company has a market cap of ~$72.7B, 82.68% institutional ownership, and an average analyst rating of "Moderate Buy" with a mean target of $235.33.
Cloudflare, Inc. (NYSE:NET - Get Free Report) insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $205.15, for a total value of $5,260,251.15. Following the sale, the insider directly owned 24,555 shares in the company, valued at $5,037,458.25. The trade was a 51.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Michelle Zatlyn also recently made the following trade(s):
- On Thursday, December 11th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $208.61, for a total value 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 stock was sold at an average price of $188.13, for a total transaction of $4,823,841.33.
- 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 transaction 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 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 stock was sold at an average price of $223.45, for a total transaction of $5,729,481.45.
Cloudflare Trading Down 2.8%
NET stock opened at $207.50 on Friday. Cloudflare, Inc. has a 1-year low of $89.42 and a 1-year high of $260.00. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. The business's 50 day moving average is $214.23 and its 200-day moving average is $202.95. The firm has a market cap of $72.68 billion, a P/E ratio of -691.67 and a beta of 1.94.
Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The business had revenue of $562.03 million for the quarter, compared to analyst estimates of $544.65 million. During the same quarter in the previous year, the firm earned $0.20 EPS. Cloudflare's quarterly revenue was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. Equities analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.
Institutional Trading of Cloudflare
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Cloudflare by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company's stock worth $6,934,958,000 after buying an additional 821,684 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Cloudflare by 5.1% in the second quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company's stock valued at $1,081,533,000 after acquiring an additional 270,227 shares during the last quarter. Invesco Ltd. increased its position in Cloudflare by 1.3% in the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company's stock worth $850,792,000 after purchasing an additional 49,485 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Cloudflare by 33.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company's stock worth $352,610,000 after purchasing an additional 786,063 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Cloudflare by 34.5% during the 1st 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 last quarter. Institutional investors and hedge funds own 82.68% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Robert W. Baird set a $220.00 target price on shares of Cloudflare in a report on Friday, October 31st. Barclays started coverage on shares of Cloudflare in a research note on Tuesday, December 2nd. They set an "overweight" rating and a $235.00 price objective on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Cloudflare in a research note on Wednesday, October 8th. Piper Sandler increased their price target on Cloudflare from $224.00 to $249.00 and gave the stock a "neutral" rating in a research report on Friday, October 31st. Finally, Argus raised their price target on Cloudflare from $238.00 to $265.00 and gave the company a "buy" rating in a report on Monday, November 10th. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cloudflare presently has an average rating of "Moderate Buy" and an average target price of $235.33.
Read Our Latest Stock Analysis on NET
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.
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