Cloudflare (NYSE:NET) Insider Sells $5,729,481.45 in Stock

Key Points

• Cloudflare insider Michelle Zatlyn sold 25,641 shares of the company's stock for a total of $5,729,481.45, significantly reducing her ownership stake by 63.76%.
• The company's market capitalization is currently $76.04 billion, with a recent trading price of $218.21, reflecting a slight increase.
• Cloudflare reported $512.32 million in revenue for its last quarter, exceeding analyst expectations, with a 27.8% increase year-over-year.

Cloudflare, Inc. (NYSE:NET - Get Free Report) insider Michelle Zatlyn sold 25,641 shares of the company's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $223.45, for a total transaction of $5,729,481.45. Following the completion of the sale, the insider directly owned 14,575 shares of the company's stock, valued at $3,256,783.75. This trade represents a 63.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 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 transaction 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 transaction 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 transaction of $6,729,021.00.
• On Thursday, July 17th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $190.68, for a total transaction of $4,889,225.88.
• On Tuesday, July 15th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $182.80, for a total transaction of $4,687,174.80.

Cloudflare Trading Up 0.3%

NET traded up $0.64 during trading on Thursday, hitting $218.21. 2,809,824 shares of the stock traded hands, compared to its average volume of 3,449,118. The firm has a market capitalization of $76.04 billion, a P/E ratio of -641.79 and a beta of 1.95. The company has a debt-to-equity ratio of 2.63, a current ratio of 5.14 and a quick ratio of 5.14. The firm has a 50-day moving average of $206.85 and a 200 day moving average of $166.53. Cloudflare, Inc. has a 12-month low of $77.80 and a 12-month high of $230.10.

Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $512.32 million during the quarter, compared to analysts' expectations of $501.58 million. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The firm's revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Equities research analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citigroup raised their target price on shares of Cloudflare from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Wells Fargo & Company raised their target price on shares of Cloudflare from $225.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. JMP Securities raised their target price on shares of Cloudflare from $180.00 to $225.00 and gave the stock a "market outperform" rating in a research report on Monday, July 28th. Robert W. Baird raised their target price on shares of Cloudflare from $148.00 to $175.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Finally, Scotiabank raised their target price on shares of Cloudflare from $135.00 to $200.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Cloudflare presently has an average rating of "Moderate Buy" and an average price target of $191.28.

Institutional Trading of Cloudflare

A number of institutional investors and hedge funds have recently bought and sold shares of the company. CacheTech Inc. bought a new stake in Cloudflare during the 2nd quarter valued at about $204,000. Adams Wealth Management purchased a new stake in shares of Cloudflare during the 2nd quarter valued at about $204,000. Orion Porfolio Solutions LLC boosted its holdings in shares of Cloudflare by 119.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 13,957 shares of the company's stock valued at $2,733,000 after acquiring an additional 7,585 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of Cloudflare during the 2nd quarter valued at about $1,568,000. Finally, Stance Capital LLC purchased a new stake in shares of Cloudflare during the 2nd quarter valued at about $1,481,000. 82.68% of the stock is currently owned by institutional investors.

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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