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

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 25,641 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $189.07, for a total transaction of $4,847,943.87. Following the completion of the sale, the insider directly owned 24,555 shares of the company’s stock, valued at approximately $4,642,613.85. This represents a 51.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Friday, November 21st, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $188.13, for a total transaction of $4,823,841.33.
• On Thursday, November 20th, Michelle Zatlyn sold 35,099 shares of Cloudflare stock. The shares were sold at an average price of $199.26, for a total transaction of $6,993,826.74.
• On Thursday, October 9th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $215.38, for a total value of $5,522,558.58.
• On Tuesday, October 7th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $218.20, for a total transaction of $5,594,866.20.
• On Thursday, September 25th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $212.49, for a total transaction of $5,448,456.09.
• On Tuesday, September 23rd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $223.45, for a total transaction of $5,729,481.45.

Cloudflare Stock Up 4.0%

NYSE:NET traded up $7.53 during trading hours on Monday, reaching $193.91. 4,517,197 shares of the stock were exchanged, compared to its average volume of 3,725,999. Cloudflare, Inc. has a twelve month low of $89.42 and a twelve month high of $260.00. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a 50 day moving average of $218.76 and a 200 day moving average of $199.05. The stock has a market cap of $67.92 billion, a PE ratio of -646.37 and a beta of 2.10.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $562.03 million for the quarter, compared to analysts’ expectations of $544.87 million. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The business’s revenue was up 30.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. On average, equities analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On Cloudflare

A number of large investors have recently bought and sold shares of the business. Reliant Investment Partners LLC lifted its stake in shares of Cloudflare by 1.5% in the third quarter. Reliant Investment Partners LLC now owns 3,316 shares of the company’s stock worth $718,000 after buying an additional 50 shares in the last quarter. Daymark Wealth Partners LLC increased its position in shares of Cloudflare by 1.1% during the second quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company’s stock worth $892,000 after purchasing an additional 51 shares in the last quarter. Frank Rimerman Advisors LLC boosted its stake in shares of Cloudflare by 1.8% during the third quarter. Frank Rimerman Advisors LLC now owns 2,821 shares of the company’s stock worth $605,000 after buying an additional 51 shares during the period. Huntington National Bank raised its holdings in Cloudflare by 22.8% during the second quarter. Huntington National Bank now owns 280 shares of the company’s stock worth $55,000 after purchasing an additional 52 shares in the last quarter. Finally, ORG Partners LLC boosted its holdings in Cloudflare by 11.9% during the second quarter. ORG Partners LLC now owns 498 shares of the company’s stock worth $92,000 after buying an additional 53 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Oppenheimer assumed coverage on Cloudflare in a report on Monday, November 10th. They set an “outperform” rating and a $260.00 price objective for the company. Mizuho lifted their price target on Cloudflare from $240.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Stifel Nicolaus upped their price target on Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Cantor Fitzgerald upped their price target on Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Wall Street Zen upgraded Cloudflare from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.35.

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.