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

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $219.11, for a total value of $5,618,199.51. Following the transaction, the insider owned 47,425 shares in the company, valued at $10,391,291.75. This trade represents a 35.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 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.
• On Friday, May 22nd, Michelle Zatlyn sold 35,080 shares of Cloudflare stock. The stock was sold at an average price of $213.98, for a total transaction of $7,506,418.40.
• On Wednesday, April 22nd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $209.15, for a total transaction of $5,362,815.15.
• On Monday, April 20th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $199.37, for a total transaction of $5,112,046.17.

Cloudflare Price Performance

Shares of NET stock traded down $2.90 on Thursday, reaching $223.97. 4,391,188 shares of the company were exchanged, compared to its average volume of 4,599,622. The company has a market cap of $79.17 billion, a price-to-earnings ratio of -895.88, a P/E/G ratio of 411.56 and a beta of 1.70. The business has a 50-day moving average price of $217.30 and a 200 day moving average price of $202.45. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $276.82.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. Cloudflare’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same period last year, the company posted $0.16 EPS. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Equities research analysts forecast that Cloudflare, Inc. will post 0.01 earnings per share for the current fiscal year.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Citizens maintained its Market Outperform rating on Cloudflare and kept a $270 price target after the company’s recent Investor Day, reinforcing the bullish case for NET’s AI and security growth story.
• Positive Sentiment: Cloudflare announced a new Cloudflare One Design Partner Designation to help selected partners accelerate secure AI and SASE adoption, which supports the company’s enterprise platform expansion and long-term revenue narrative. Article Title
• Positive Sentiment: Cloudflare continues to be highlighted as one of the more attractive generative AI software names, helping sustain investor interest in the stock. Article Title

Institutional Trading of Cloudflare

Large investors have recently added to or reduced their stakes in the stock. Quadrant Private Wealth Management LLC increased its stake in shares of Cloudflare by 3.2% in the 1st quarter. Quadrant Private Wealth Management LLC now owns 1,653 shares of the company’s stock worth $341,000 after acquiring an additional 51 shares during the last quarter. Essential Partners LLC boosted its position in shares of Cloudflare by 14.5% during the 1st quarter. Essential Partners LLC now owns 402 shares of the company’s stock valued at $83,000 after acquiring an additional 51 shares during the last quarter. Jamison Private Wealth Management Inc. boosted its position in shares of Cloudflare by 2.6% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 2,064 shares of the company’s stock valued at $426,000 after acquiring an additional 52 shares during the last quarter. Revisor Wealth Management LLC grew its holdings in shares of Cloudflare by 4.0% in the first quarter. Revisor Wealth Management LLC now owns 1,390 shares of the company’s stock valued at $287,000 after purchasing an additional 53 shares during the period. Finally, IMA Advisory Services Inc. grew its holdings in shares of Cloudflare by 4.5% in the fourth quarter. IMA Advisory Services Inc. now owns 1,290 shares of the company’s stock valued at $254,000 after purchasing an additional 55 shares during the period. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on NET shares. TD Cowen restated a “buy” rating on shares of Cloudflare in a report on Wednesday, June 10th. Barclays reaffirmed an “overweight” rating and set a $250.00 target price on shares of Cloudflare in a report on Monday, June 1st. Susquehanna increased their target price on shares of Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Morgan Stanley reissued an “overweight” rating and issued a $305.00 price target on shares of Cloudflare in a research note on Thursday, June 4th. Finally, Citigroup restated a “market outperform” rating on shares of Cloudflare in a research report on Monday. Twenty-one equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Cloudflare presently has an average rating of “Moderate Buy” and an average target price of $241.35.

Cloudflare Company Profile

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.