Michelle Zatlyn Sells 25,641 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $218.20, for a total value of $5,594,866.20. Following the completion of the transaction, the insider owned 14,575 shares of the company’s stock, valued at approximately $3,180,265. The trade was a 63.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 value of $5,522,558.58.
• 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 value 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 value of $5,729,481.45.
• On Monday, August 25th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $195.61, for a total value of $5,015,636.01.
• On Friday, August 22nd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $193.23, for a total value of $4,954,610.43.
• On Thursday, August 21st, Michelle Zatlyn sold 35,100 shares of Cloudflare stock. The stock was sold at an average price of $191.71, for a total value of $6,729,021.00.
• On Thursday, July 17th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $190.68, for a total value of $4,889,225.88.
• On Tuesday, July 15th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $182.80, for a total value of $4,687,174.80.

Cloudflare Trading Down 3.2%

NYSE:NET opened at $213.95 on Friday. Cloudflare, Inc. has a 12-month low of $85.60 and a 12-month high of $230.10. The firm has a market capitalization of $74.56 billion, a P/E ratio of -629.26 and a beta of 1.99. The company has a debt-to-equity ratio of 2.63, a current ratio of 5.14 and a quick ratio of 5.14. The business has a 50 day simple moving average of $211.99 and a 200 day simple moving average of $174.80.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The business had revenue of $512.32 million during the quarter, compared to analyst estimates of $501.58 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. Equities research analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current year.

Hedge Funds Weigh In On Cloudflare

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of Cloudflare by 86.8% in the 1st quarter. GAMMA Investing LLC now owns 1,093 shares of the company’s stock worth $123,000 after acquiring an additional 508 shares during the last quarter. Wealthedge Investment Advisors LLC grew its holdings in shares of Cloudflare by 64.5% in the 1st quarter. Wealthedge Investment Advisors LLC now owns 12,132 shares of the company’s stock worth $1,367,000 after acquiring an additional 4,755 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Cloudflare by 34.5% in the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after acquiring an additional 779,819 shares during the last quarter. Independent Solutions Wealth Management LLC grew its holdings in shares of Cloudflare by 293.3% in the 2nd quarter. Independent Solutions Wealth Management LLC now owns 15,059 shares of the company’s stock worth $2,949,000 after acquiring an additional 11,230 shares during the last quarter. Finally, Castle Rock Wealth Management LLC grew its holdings in shares of Cloudflare by 10.5% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 12,943 shares of the company’s stock worth $2,568,000 after acquiring an additional 1,229 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NET. Royal Bank Of Canada boosted their price objective on Cloudflare from $210.00 to $228.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Mizuho lifted their target price on Cloudflare from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Stifel Nicolaus lifted their target price on Cloudflare from $175.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, August 1st. KeyCorp lifted their target price on Cloudflare from $210.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company lifted their target price on Cloudflare from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $196.54.

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.