Cloudflare, Inc. (NYSE:NET) COO Michelle Zatlyn Sells 18,955 Shares of Stock

Cloudflare, Inc. (NYSE:NET) COO Michelle Zatlyn sold 18,955 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $87.07, for a total value of $1,650,411.85. Following the completion of the transaction, the chief operating officer now owns 19,615 shares of the company’s stock, valued at $1,707,878.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, April 16th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The shares were sold at an average price of $89.69, for a total value of $2,299,651.60.
• On Friday, March 8th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The stock was sold at an average price of $101.02, for a total transaction of $2,590,152.80.
• On Wednesday, March 6th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The stock was sold at an average price of $97.96, for a total transaction of $2,511,694.40.
• On Tuesday, February 20th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The shares were sold at an average price of $96.32, for a total transaction of $2,469,644.80.
• On Thursday, February 15th, Michelle Zatlyn sold 277,376 shares of Cloudflare stock. The stock was sold at an average price of $101.17, for a total value of $28,062,129.92.
• On Friday, January 19th, Michelle Zatlyn sold 12,820 shares of Cloudflare stock. The shares were sold at an average price of $78.68, for a total value of $1,008,677.60.

Cloudflare Stock Performance

NET opened at $86.71 on Friday. The company has a 50-day moving average of $96.86 and a 200-day moving average of $81.63. The company has a debt-to-equity ratio of 1.68, a current ratio of 3.50 and a quick ratio of 3.50. Cloudflare, Inc. has a 1-year low of $39.90 and a 1-year high of $116.00.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, February 8th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. Cloudflare had a negative return on equity of 15.92% and a negative net margin of 14.19%. The firm had revenue of $362.47 million during the quarter, compared to analyst estimates of $352.70 million. As a group, analysts forecast that Cloudflare, Inc. will post -0.2 EPS for the current year.

Hedge Funds Weigh In On Cloudflare

Large investors have recently added to or reduced their stakes in the company. Yousif Capital Management LLC raised its holdings in shares of Cloudflare by 4.0% during the fourth quarter. Yousif Capital Management LLC now owns 3,399 shares of the company’s stock worth $283,000 after purchasing an additional 130 shares during the period. Kingswood Wealth Advisors LLC boosted its holdings in shares of Cloudflare by 0.5% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 27,358 shares of the company’s stock valued at $2,278,000 after buying an additional 132 shares during the period. Quent Capital LLC grew its position in shares of Cloudflare by 8.1% during the 4th quarter. Quent Capital LLC now owns 1,877 shares of the company’s stock valued at $156,000 after buying an additional 140 shares during the last quarter. CWM LLC raised its stake in Cloudflare by 3.4% during the third quarter. CWM LLC now owns 4,624 shares of the company’s stock worth $291,000 after acquiring an additional 153 shares during the period. Finally, RFG Advisory LLC lifted its holdings in Cloudflare by 2.9% in the third quarter. RFG Advisory LLC now owns 5,957 shares of the company’s stock worth $376,000 after acquiring an additional 166 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on NET. Royal Bank of Canada lifted their price objective on Cloudflare from $95.00 to $108.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Capital One Financial began coverage on shares of Cloudflare in a research report on Wednesday, January 17th. They set an “equal weight” rating and a $83.00 price target on the stock. DZ Bank lowered shares of Cloudflare from a “buy” rating to a “hold” rating and set a $110.00 price objective for the company. in a research report on Tuesday, February 13th. JPMorgan Chase & Co. lifted their target price on shares of Cloudflare from $53.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Finally, Mizuho decreased their price target on shares of Cloudflare from $105.00 to $95.00 and set a “neutral” rating for the company in a research report on Monday. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $87.08.

About Cloudflare

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.