Cloudflare (NYSE:NET) Insider Sells $7,506,418.40 in Stock

Key Points

• Cloudflare insider Michelle Zatlyn sold 35,080 shares on May 22 for about $7.5 million at an average price of $213.98. The sale reduced her stake by 42.52% and was made under a pre-arranged Rule 10b5-1 plan.
• Cloudflare reported strong quarterly results, with EPS of $0.25 topping estimates of $0.23 and revenue of $639.76 million beating expectations. Revenue rose 33.5% year over year, and the company raised its FY 2026 and Q2 2026 guidance.
• Analyst sentiment is mixed but generally constructive, with 18 Buy ratings, 7 Hold ratings, and 3 Sell ratings. The stock has a consensus “Moderate Buy” rating and an average price target of $236.68.

Cloudflare, Inc. (NYSE:NET - Get Free Report) insider Michelle Zatlyn sold 35,080 shares of the business's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $213.98, for a total value of $7,506,418.40. Following the sale, the insider owned 47,425 shares in the company, valued at approximately $10,148,001.50. The trade was a 42.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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, May 26th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $211.83, for a total value of $5,431,533.03.
• 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 value 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 value 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 value 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 value of $4,477,175.01.

Cloudflare Stock Performance

Cloudflare stock traded down $8.26 during trading hours on Wednesday, hitting $209.28. 3,063,414 shares of the stock traded hands, compared to its average volume of 4,646,282. The stock has a market capitalization of $73.97 billion, a price-to-earnings ratio of -837.12 and a beta of 1.67. The firm's 50 day moving average price is $207.88 and its 200-day moving average price is $198.82. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $260.00.

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

Hedge Funds Weigh In On Cloudflare

A number of large investors have recently bought and sold shares of NET. HM Payson & Co. acquired a new position in Cloudflare in the 4th quarter worth about $25,000. Physician Wealth Advisors Inc. raised its holdings in Cloudflare by 693.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company's stock worth $26,000 after purchasing an additional 104 shares during the period. Wiser Advisor Group LLC acquired a new position in Cloudflare in the 3rd quarter worth about $26,000. Westside Investment Management Inc. raised its holdings in Cloudflare by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 130 shares of the company's stock worth $28,000 after purchasing an additional 65 shares during the period. Finally, Wexford Capital LP acquired a new position in Cloudflare in the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 82.68% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NET shares. The Goldman Sachs Group cut Cloudflare from a "buy" rating to a "sell" rating in a report on Wednesday, April 15th. BTIG Research reissued a "buy" rating and issued a $243.00 price objective on shares of Cloudflare in a report on Friday, May 8th. Wells Fargo & Company boosted their price objective on Cloudflare from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Wednesday, February 11th. Piper Sandler reissued an "overweight" rating and issued a $250.00 price objective (up from $222.00) on shares of Cloudflare in a report on Friday, May 8th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Cloudflare in a report on Friday, May 22nd. Eighteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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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