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

Key Points

• Cloudflare insider Michelle Zatlyn sold 25,641 shares of the company's stock on October 7th at an average price of $218.20, totaling approximately $5.59 million, reducing her ownership by 63.76%.
• The company recently reported earnings of $0.21 EPS for the last quarter, exceeding estimates, and stated a revenue growth of 27.8% year-over-year.
• Several analysts have raised their price targets for Cloudflare, with KeyCorp and Mizuho targeting $235.00 and $240.00 respectively, reflecting a positive outlook for the stock.

Cloudflare, Inc. (NYSE:NET - Get Free Report) insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $218.20, for a total value of $5,594,866.20. Following the completion of the sale, the insider directly owned 14,575 shares of the company's stock, valued at $3,180,265. The trade was a 63.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Thursday, October 9th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $215.38, for a total value of $5,522,558.58.
• 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 value 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 value of $5,729,481.45.
• On Monday, August 25th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were 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 shares were 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 shares were 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 0.4%

Shares of Cloudflare stock traded up $0.78 during trading hours on Thursday, reaching $220.78. 1,478,312 shares of the company's stock were exchanged, compared to its average volume of 3,374,630. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $76.94 billion, a price-to-earnings ratio of -649.35 and a beta of 1.99. The company has a fifty day moving average of $211.46 and a 200-day moving average of $173.54. Cloudflare, Inc. has a 52-week low of $84.48 and a 52-week 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, beating the consensus estimate of $0.18 by $0.03. The company had revenue of $512.32 million for the quarter, compared to analyst estimates of $501.58 million. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The firm's revenue was up 27.8% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. Sell-side analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Institutional Trading of Cloudflare

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Cloudflare by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company's stock worth $6,167,776,000 after acquiring an additional 658,656 shares during the period. Geode Capital Management LLC grew its holdings in Cloudflare by 5.1% during the 2nd quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company's stock worth $1,081,533,000 after acquiring an additional 270,227 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Cloudflare by 33.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company's stock worth $352,610,000 after acquiring an additional 786,063 shares during the period. American Century Companies Inc. grew its holdings in Cloudflare by 34.5% during the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company's stock worth $342,287,000 after acquiring an additional 779,819 shares during the period. Finally, Norges Bank acquired a new stake in Cloudflare during the 2nd quarter worth $541,462,000. Institutional investors and hedge funds own 82.68% of the company's stock.

Analysts Set New Price Targets

NET has been the topic of several recent analyst reports. KeyCorp boosted their target price on Cloudflare from $210.00 to $235.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Mizuho lifted their price objective on shares of Cloudflare from $220.00 to $240.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. UBS Group lifted their price objective on shares of Cloudflare from $145.00 to $200.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Royal Bank Of Canada boosted their price target on shares of Cloudflare from $210.00 to $228.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, DZ Bank reaffirmed a "sell" rating and issued a $170.00 price target on shares of Cloudflare in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $196.54.

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.

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