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

Key Points

• Cloudflare insider Michelle Zatlyn sold 25,641 shares on May 26 at an average price of $211.83, totaling about $5.43 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
• Zatlyn has been a frequent seller of Cloudflare stock in recent months, including a 35,080-share sale on May 22 and several earlier sales in March and April. After the latest transaction, her ownership fell by 35.09% to 47,425 shares.
• Cloudflare shares fell to $209.28 on Wednesday, while the company recently reported strong Q1 results, beating EPS and revenue estimates with revenue up 33.5% year over year. Analysts remain mostly positive, with an average rating of Moderate Buy and a consensus price target of $236.68.

Cloudflare, Inc. (NYSE:NET - Get Free Report) insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $211.83, for a total transaction of $5,431,533.03. Following the transaction, the insider owned 47,425 shares in the company, valued at $10,046,037.75. The trade was a 35.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Friday, May 22nd, Michelle Zatlyn sold 35,080 shares of Cloudflare stock. The shares were sold at an average price of $213.98, for a total transaction of $7,506,418.40.
• On Wednesday, April 22nd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $209.15, for a total transaction of $5,362,815.15.
• On Monday, April 20th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $199.37, for a total transaction of $5,112,046.17.
• On Thursday, March 5th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $189.50, for a total transaction of $4,858,969.50.
• On Tuesday, March 3rd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $174.61, for a total transaction of $4,477,175.01.

Cloudflare Price Performance

NYSE NET traded down $8.26 on Wednesday, reaching $209.28. 3,063,414 shares of the company's stock traded hands, compared to its average volume of 4,646,282. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $260.00. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The stock has a 50-day simple moving average of $207.88 and a 200 day simple moving average of $198.82. The stock has a market cap of $73.97 billion, a PE ratio of -837.12 and a beta of 1.67.

Cloudflare (NYSE:NET - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The business had revenue of $639.76 million for the quarter, compared to analysts' expectations of $620.83 million. During the same period last year, the business earned $0.16 earnings per share. The business's quarterly revenue was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.

Institutional Trading of Cloudflare

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Frank Rimerman Advisors LLC lifted its stake in Cloudflare by 1.8% in the third quarter. Frank Rimerman Advisors LLC now owns 2,821 shares of the company's stock worth $605,000 after acquiring an additional 51 shares during the period. Quadrant Private Wealth Management LLC lifted its stake in Cloudflare by 3.2% in the first quarter. Quadrant Private Wealth Management LLC now owns 1,653 shares of the company's stock worth $341,000 after acquiring an additional 51 shares during the period. Essential Partners LLC lifted its stake in Cloudflare by 14.5% in the first quarter. Essential Partners LLC now owns 402 shares of the company's stock worth $83,000 after acquiring an additional 51 shares during the period. Jamison Private Wealth Management Inc. lifted its stake in Cloudflare by 2.6% in the first quarter. Jamison Private Wealth Management Inc. now owns 2,064 shares of the company's stock worth $426,000 after acquiring an additional 52 shares during the period. Finally, Revisor Wealth Management LLC lifted its stake in Cloudflare by 4.0% in the first quarter. Revisor Wealth Management LLC now owns 1,390 shares of the company's stock worth $287,000 after acquiring an additional 53 shares during the period. Hedge funds and other institutional investors own 82.68% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NET. UBS Group restated a "neutral" rating and issued a $220.00 target price on shares of Cloudflare in a report on Wednesday, February 11th. TD Cowen restated a "buy" rating on shares of Cloudflare in a report on Tuesday, January 27th. New Street Research set a $140.00 target price on shares of Cloudflare in a report on Wednesday, February 11th. Jefferies Financial Group began coverage on shares of Cloudflare in a report on Wednesday, April 15th. They issued a "buy" rating on the stock. Finally, Needham & Company LLC cut their target price on shares of Cloudflare from $285.00 to $250.00 and set a "buy" rating on the stock in a report on Wednesday, February 11th. Eighteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $236.68.

Cloudflare Company Profile

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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