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

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 25,641 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $232.98, for a total value of $5,973,840.18. Following the transaction, the insider directly owned 47,425 shares in the company, valued at approximately $11,049,076.50. This trade represents a 35.09% decrease in their position. The sale was disclosed in a legal 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 Thursday, June 18th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $219.11, for a total value of $5,618,199.51.
• 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 value of $5,431,533.03.
• On Friday, May 22nd, Michelle Zatlyn sold 35,080 shares of Cloudflare stock. The shares were sold at an average price of $213.98, for a total value 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 value of $5,362,815.15.
• On Monday, April 20th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $199.37, for a total transaction of $5,112,046.17.

Cloudflare Trading Down 1.3%

NET stock opened at $223.97 on Friday. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $276.82. The stock has a market cap of $79.17 billion, a price-to-earnings ratio of -895.88, a price-to-earnings-growth ratio of 404.25 and a beta of 1.70. The company has a fifty day moving average price of $217.46 and a two-hundred day moving average price of $202.62. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The company 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%. The company’s revenue was up 33.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 earnings per share. 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 analysts anticipate that Cloudflare, Inc. will post 0.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NET. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research note on Monday, April 20th. Morgan Stanley reiterated an “overweight” rating and issued a $305.00 price objective on shares of Cloudflare in a research note on Thursday, June 4th. Cantor Fitzgerald reissued a “neutral” rating and issued a $230.00 price objective (up from $224.00) on shares of Cloudflare in a report on Wednesday, June 10th. Zacks Research upgraded shares of Cloudflare from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Finally, Needham & Company LLC raised their target price on shares of Cloudflare from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Twenty-one equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.35.

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Negative Sentiment: CFO Thomas J. Seifert sold 10,000 shares under a pre-arranged Rule 10b5-1 plan, and director John Graham-Cumming also disclosed a sale. While routine, insider sales can still dampen sentiment. Article Title
• Negative Sentiment: Shareholder advisory group JLens urged investors to withhold votes for two directors, creating a governance overhang ahead of the June 30 annual meeting. Article Title

Hedge Funds Weigh In On Cloudflare

Several hedge funds and other institutional investors have recently bought and sold shares of NET. Norges Bank bought a new position in shares of Cloudflare during the 4th quarter worth approximately $718,316,000. Jennison Associates LLC increased its position in Cloudflare by 135.8% in the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after buying an additional 2,530,872 shares in the last quarter. Corient Private Wealth LLC increased its position in Cloudflare by 4,042.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock valued at $275,887,000 after buying an additional 1,365,598 shares in the last quarter. Groupama Asset Managment raised its stake in Cloudflare by 82.6% during the 3rd quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock worth $450,639,000 after buying an additional 950,000 shares during the period. Finally, Swedbank AB boosted its holdings in Cloudflare by 697.5% in the first quarter. Swedbank AB now owns 927,606 shares of the company’s stock worth $191,402,000 after acquiring an additional 811,297 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

About Cloudflare

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.