Cloudflare, Inc. (NYSE:NET - Get Free Report) insider Michelle Zatlyn sold 33,003 shares of the business's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $277.43, for a total transaction of $9,156,022.29. Following the transaction, the insider owned 69,775 shares of the company's stock, valued at approximately $19,357,678.25. The trade was a 32.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 Thursday, September 3rd, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The stock was sold at an average price of $278.92, for a total value 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 value 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 value 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 value of $5,618,199.51.
- On Tuesday, June 16th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $232.98, for a total transaction of $5,973,840.18.
Cloudflare Stock Up 2.0%
Shares of NYSE:NET opened at $284.53 on Wednesday. The firm has a 50 day simple moving average of $281.89 and a 200-day simple moving average of $236.66. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $332.22. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $100.57 billion, a PE ratio of -490.57, a P/E/G ratio of 228.00 and a beta of 1.66.
Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The firm had revenue of $696.06 million for the quarter, compared to analyst estimates of $664.66 million. During the same period last year, the business earned $0.21 EPS. Cloudflare's revenue for the quarter 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. On average, equities analysts predict that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.
Hedge Funds Weigh In On Cloudflare
Several institutional investors have recently bought and sold shares of the company. HM Payson & Co. acquired a new stake in shares of Cloudflare in the 4th quarter worth $25,000. Wiser Advisor Group LLC purchased a new stake in Cloudflare in the 3rd quarter valued at approximately $26,000. Cornerstone Financial Management LLC raised its stake in shares of Cloudflare by 65.3% during the 2nd quarter. Cornerstone Financial Management LLC now owns 119 shares of the company's stock worth $29,000 after buying an additional 47 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in Cloudflare in the second quarter worth $30,000. Finally, Wexford Capital LP acquired a new stake in shares of Cloudflare in the third quarter valued at about $30,000. 82.68% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages recently issued reports on NET. Mizuho upped their target price on Cloudflare from $260.00 to $310.00 and gave the company an "outperform" rating in a research report on Wednesday, July 15th. Morgan Stanley reiterated an "overweight" rating and issued a $370.00 price objective on shares of Cloudflare in a research note on Friday, August 7th. New Street Research restated a "market outperform" rating on shares of Cloudflare in a research report on Monday, June 15th. Citizens Jmp reiterated a "market outperform" rating and issued a $394.00 price target on shares of Cloudflare in a research report on Monday, August 31st. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Cloudflare in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $320.19.
Check Out Our Latest Research Report on Cloudflare
Cloudflare Company Profile
(
Get Free Report)
Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.
The company's offerings include content delivery and domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.
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