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

Key Points

• Michelle Zatlyn, an insider at Cloudflare, sold 25,641 shares of the company stock worth approximately $5.45 million, reducing her position by 63.76%.
• Cloudflare shares traded up 0.3%, reaching $218.21, with a market cap of approximately $76.04 billion.
• The company reported a quarterly revenue of $512.32 million, surpassing analysts' expectations, and experienced a year-over-year revenue growth of 27.8%.

Cloudflare, Inc. (NYSE:NET - Get Free Report) insider Michelle Zatlyn sold 25,641 shares of the company's stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $212.49, for a total value of $5,448,456.09. Following the completion of the sale, the insider directly owned 14,575 shares in the company, valued at $3,097,041.75. This trade represents a 63.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 value of $5,729,481.45.
• On Monday, August 25th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $195.61, for a total value of $5,015,636.01.
• On Friday, August 22nd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $193.23, for a total value of $4,954,610.43.
• On Thursday, August 21st, Michelle Zatlyn sold 35,100 shares of Cloudflare stock. The stock was sold at an average price of $191.71, for a total value of $6,729,021.00.
• On Thursday, July 17th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $190.68, for a total value of $4,889,225.88.
• On Tuesday, July 15th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $182.80, for a total value of $4,687,174.80.

Cloudflare Trading Up 0.3%

Shares of Cloudflare stock traded up $0.64 during trading hours on Thursday, reaching $218.21. The stock had a trading volume of 2,809,824 shares, compared to its average volume of 3,449,118. The firm has a 50 day simple moving average of $206.85 and a two-hundred day simple moving average of $166.53. The firm has a market capitalization of $76.04 billion, a price-to-earnings ratio of -641.79 and a beta of 1.95. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 2.63. Cloudflare, Inc. has a 1 year low of $77.80 and a 1 year high of $230.10.

Cloudflare (NYSE:NET - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.03. The company had revenue of $512.32 million for the quarter, compared to the consensus estimate of $501.58 million. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The company's quarterly revenue was up 27.8% compared to the same quarter last year. During the same period last year, the business posted $0.20 EPS. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. As a group, equities research analysts anticipate that Cloudflare, Inc. will post -0.11 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. Mather Group LLC. grew its stake in Cloudflare by 1,188.2% during the 1st quarter. Mather Group LLC. now owns 219 shares of the company's stock valued at $25,000 after purchasing an additional 202 shares in the last quarter. NBC Securities Inc. acquired a new stake in Cloudflare during the 1st quarter valued at approximately $27,000. GPS Wealth Strategies Group LLC grew its stake in Cloudflare by 213.4% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company's stock valued at $29,000 after purchasing an additional 175 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Cloudflare during the 2nd quarter valued at approximately $29,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Cloudflare by 115.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the company's stock valued at $30,000 after purchasing an additional 142 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NET shares. Scotiabank raised their price objective on Cloudflare from $135.00 to $200.00 and gave the stock a "sector perform" rating in a report on Friday, August 1st. Robert W. Baird raised their price objective on Cloudflare from $148.00 to $175.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Cowen restated a "buy" rating on shares of Cloudflare in a report on Monday, June 16th. Needham & Company LLC increased their target price on Cloudflare from $200.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Bank of America increased their target price on Cloudflare from $235.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $191.28.

Cloudflare Company Profile

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.

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