Key Points
- Cloudflare insider Michelle Zatlyn sold 33,003 shares at an average price of $277.43, generating approximately $9.16 million. The transaction reduced her direct holdings by 32.11% and was executed under a pre-arranged Rule 10b5-1 plan.
- Cloudflare’s stock was trading at $293.16, up 5.1%, after the company reported quarterly revenue of $696.06 million, up 35.9% year over year, and earnings of $0.29 per share, exceeding analyst expectations.
- Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $320.19; recent targets range as high as $380.
Cloudflare, Inc. (NYSE:NET - Get Free Report) insider Michelle Zatlyn sold 33,003 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $277.43, for a total transaction of $9,156,022.29. Following the sale, the insider directly owned 69,775 shares of the company's stock, valued at $19,357,678.25. The trade was a 32.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michelle Zatlyn also recently made the following trade(s):
- 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.
- On Thursday, June 18th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $219.11, for a total transaction of $5,618,199.51.
- On Tuesday, June 16th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $232.98, for a total transaction of $5,973,840.18.
- On Tuesday, May 26th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $211.83, for a total transaction of $5,431,533.03.
Cloudflare Stock Up 5.1%
NYSE NET opened at $293.16 on Friday. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $332.22. The stock has a market capitalization of $103.62 billion, a PE ratio of -505.45, a PEG ratio of 166.64 and a beta of 1.65. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. The business's 50-day moving average is $268.24 and its 200 day moving average is $227.45.
Cloudflare (NYSE:NET - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The business had revenue of $696.06 million during the quarter, compared to analyst estimates of $664.66 million. During the same quarter in the prior year, the company posted $0.21 EPS. Cloudflare's quarterly revenue was up 35.9% compared to the same quarter last year. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Sell-side analysts forecast that Cloudflare, Inc. will post 0.03 earnings per share for the current year.
Hedge Funds Weigh In On Cloudflare
Several institutional investors and hedge funds have recently added to or reduced their stakes in NET. Sapient Capital LLC purchased a new stake in shares of Cloudflare in the 2nd quarter worth about $217,000. Syon Capital LLC bought a new stake in Cloudflare during the second quarter worth about $302,000. TD Waterhouse Canada Inc. boosted its stake in Cloudflare by 23.2% during the second quarter. TD Waterhouse Canada Inc. now owns 2,494 shares of the company's stock worth $614,000 after acquiring an additional 469 shares in the last quarter. Continuum Advisory LLC purchased a new stake in Cloudflare in the second quarter worth about $59,000. Finally, Nykredit A S purchased a new stake in Cloudflare in the second quarter worth about $33,313,000. Hedge funds and other institutional investors own 82.68% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently commented on the company. Truist Financial raised their price target on Cloudflare from $300.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Morgan Stanley restated an "overweight" rating and issued a $370.00 price objective on shares of Cloudflare in a report on Friday, August 7th. Barclays lifted their target price on shares of Cloudflare from $300.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Benchmark cut shares of Cloudflare to an "underperform" rating in a research report on Tuesday, July 7th. Finally, Wells Fargo & Company increased their price target on shares of Cloudflare from $300.00 to $380.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $320.19.
Check Out Our Latest Report on Cloudflare
Cloudflare Company Profile
(
Get Free Report)
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.
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