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

by · The Markets Daily

Cloudflare, Inc. (NYSE:NET – Get Free Report) insider Michelle Zatlyn sold 33,003 shares of Cloudflare stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $278.92, for a total value of $9,205,196.76. Following the completion of the transaction, the insider owned 69,775 shares of the company’s stock, valued at approximately $19,461,643. This trade represents a 32.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Tuesday, September 8th, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The stock was sold at an average price of $277.43, for a total value of $9,156,022.29.
  • On Friday, August 21st, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The shares were sold at an average price of $277.43, for a total value of $9,156,022.29.
  • On Wednesday, August 19th, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The shares were sold at an average price of $294.63, for a total value of $9,723,673.89.
  • 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 transaction of $5,618,199.51.
  • 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.

Cloudflare Price Performance

NYSE:NET traded up $5.61 during mid-day trading on Tuesday, hitting $284.53. 2,410,002 shares of the stock traded hands, compared to its average volume of 3,046,806. The business’s 50-day moving average price is $281.89 and its 200 day moving average price is $236.66. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. The company has a market cap of $100.57 billion, a PE ratio of -490.57, a price-to-earnings-growth ratio of 228.00 and a beta of 1.66. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $332.22.

Cloudflare (NYSE:NET – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The business had revenue of $696.06 million for the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. On average, analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Cloudflare

Hedge funds have recently made changes to their positions in the business. Empowered Funds LLC raised its holdings in Cloudflare by 34.2% in 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 in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Cloudflare during the 2nd quarter valued at about $424,000. Cerity Partners LLC increased its position in shares of Cloudflare by 30.1% during the second quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock valued at $5,391,000 after buying an additional 6,363 shares during the period. Sei Investments Co. increased its position 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 period. Finally, The Manufacturers Life Insurance Company raised its stake in Cloudflare by 14.6% in the second quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock worth $3,224,000 after buying an additional 2,093 shares in the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NET shares. TD Cowen boosted their target price on Cloudflare from $300.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Needham & Company LLC raised their price target on Cloudflare from $280.00 to $380.00 and gave the company a “buy” rating in a report on Friday, August 7th. Citizens Jmp reiterated a “market outperform” rating and set a $394.00 price target on shares of Cloudflare in a research report on Monday, August 31st. Zacks Research downgraded shares of Cloudflare from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Finally, Susquehanna upped their target price on Cloudflare from $200.00 to $300.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $320.19.

Check Out Our Latest Stock Analysis on NET

Cloudflare Company Profile

(Get Free Report)

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.

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