Cloudflare (NYSE:NET) Insider Sells 33,003 Shares of Stock

Cloudflare, Inc. (NYSE:NET - Get Free Report) insider Michelle Zatlyn sold 33,003 shares of the firm's stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $348.29, for a total value of $11,494,614.87. Following the completion of the transaction, the insider owned 69,775 shares in the company, valued at approximately $24,301,934.75. This trade represents a 32.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Michelle Zatlyn also recently made the following trade(s):

• On Monday, October 5th, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The shares were sold at an average price of $352.60, for a total value of $11,636,857.80.
• On Tuesday, September 8th, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The shares were sold at an average price of $277.43, for a total value 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 value of $9,205,196.76.
• On Friday, August 21st, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The shares were 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 shares were sold at an average price of $294.63, for a total transaction of $9,723,673.89.

Cloudflare Price Performance

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Shares of NYSE:NET opened at $342.19 on Thursday. The firm's 50 day moving average price is $313.26 and its 200-day moving average price is $258.43. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $370.35. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $120.96 billion, a PE ratio of -589.99, a price-to-earnings-growth ratio of 282.35 and a beta of 1.65.

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Cloudflare (NYSE:NET - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. During the same quarter last year, the firm posted $0.21 earnings per share. The firm's 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. Equities research analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. CX Institutional lifted its position in shares of Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company's stock valued at $33,000 after acquiring an additional 44 shares during the period. Wealth Architects LLC boosted its stake in shares of Cloudflare by 4.6% during the 2nd quarter. Wealth Architects LLC now owns 1,022 shares of the company's stock worth $251,000 after acquiring an additional 45 shares in the last quarter. Cornerstone Financial Management LLC grew its holdings in shares of Cloudflare by 65.3% in the 2nd quarter. Cornerstone Financial Management LLC now owns 119 shares of the company's stock worth $29,000 after acquiring an additional 47 shares during the period. Forum Financial Management LP grew its holdings in shares of Cloudflare by 3.5% in the 2nd quarter. Forum Financial Management LP now owns 1,498 shares of the company's stock worth $367,000 after acquiring an additional 50 shares during the period. Finally, Quadrant Private Wealth Management LLC increased its stake in Cloudflare by 3.2% in the 1st quarter. Quadrant Private Wealth Management LLC now owns 1,653 shares of the company's stock valued at $341,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company's stock.

Analysts Set New Price Targets

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Several research firms have recently commented on NET. KeyCorp upped their price objective on Cloudflare from $300.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. New Street Research reiterated a "market outperform" rating on shares of Cloudflare in a research report on Monday, June 15th. Citigroup reissued a "market outperform" rating on shares of Cloudflare in a report on Monday, August 31st. Truist Financial upped their price target on Cloudflare from $300.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $370.00 price objective on shares of Cloudflare in a research note on Friday, August 7th. One research 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 issued a Sell rating to the company's stock. According to MarketBeat.com, Cloudflare presently has an average rating of "Moderate Buy" and an average price target of $326.33.

Read Our Latest Report on NET

Key Stories Impacting Cloudflare

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

Cloudflare Company Profile

(Get Free Report)

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.

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