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

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 33,003 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $277.43, for a total transaction of $9,156,022.29. Following the transaction, the insider owned 69,775 shares in the company, valued at $19,357,678.25. This trade represents a 32.11% decrease in their position. The transaction 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 Wednesday, August 19th, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The stock was sold at an average price of $294.63, for a total transaction of $9,723,673.89.
• On Thursday, June 18th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $219.11, for a total transaction of $5,618,199.51.
• On Tuesday, June 16th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was 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.

Cloudflare Trading Up 5.1%

Shares of NYSE:NET traded up $14.25 during trading hours on Friday, hitting $293.16. 2,959,876 shares of the company’s stock traded hands, compared to its average volume of 4,317,300. The firm has a market capitalization of $103.62 billion, a P/E ratio of -505.45, a price-to-earnings-growth ratio of 174.39 and a beta of 1.65. The business has a fifty day moving average price of $266.93 and a 200-day moving average price of $226.99. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $332.22. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The firm had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. 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 analysts expect that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Institutional Investors Weigh In On Cloudflare

A number of large investors have recently modified their holdings of NET. Empowered Funds LLC grew its position in Cloudflare by 34.2% during the 1st quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock worth $750,000 after purchasing an additional 1,696 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Cloudflare in the second quarter worth $424,000. Cerity Partners LLC lifted its stake in shares of Cloudflare by 30.1% during the second quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock worth $5,391,000 after buying an additional 6,363 shares during the period. Sei Investments Co. grew its holdings in shares of Cloudflare by 40.1% during the second quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock valued at $64,432,000 after buying an additional 94,112 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Cloudflare by 14.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock valued at $3,224,000 after acquiring an additional 2,093 shares during the period. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on NET. The Goldman Sachs Group reiterated a “buy” rating and set a $389.00 target price on shares of Cloudflare in a report on Friday, August 7th. Benchmark cut shares of Cloudflare to an “underperform” rating in a research report on Tuesday, July 7th. Truist Financial increased their price objective on shares of Cloudflare from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Barclays lifted their price objective on shares of Cloudflare from $300.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $250.00 target price on shares of Cloudflare in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.19.

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.