Cloudflare (NYSE:NET) Insider Sells 33,003 Shares of Stock

Key Points

• Cloudflare insider Michelle Zatlyn sold 33,003 shares at an average price of $277.43, generating approximately $9.16 million. The Rule 10b5-1 transaction reduced her direct holdings by 32.11% to 69,775 shares.
• Cloudflare shares rose 2.0% to $284.53, while the company reported quarterly revenue of $696.06 million, up 35.9% year over year, and EPS of $0.29—beating analyst expectations.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $320.19; institutional investors own 82.68% of the company.

Cloudflare, Inc. (NYSE:NET - Get Free Report) insider Michelle Zatlyn sold 33,003 shares of the business's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $277.43, for a total value of $9,156,022.29. Following the sale, the insider directly owned 69,775 shares of the company's stock, valued at approximately $19,357,678.25. This trade represents a 32.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 Thursday, September 3rd, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The stock was sold at an average price of $278.92, for a total transaction of $9,205,196.76.
• On Friday, August 21st, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The shares were sold at an average price of $277.43, for a total value of $9,156,022.29.
• On Wednesday, August 19th, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The shares were sold at an average price of $294.63, for a total value of $9,723,673.89.
• On Thursday, June 18th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $219.11, for a total transaction of $5,618,199.51.
• On Tuesday, June 16th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $232.98, for a total transaction of $5,973,840.18.

Cloudflare Stock Up 2.0%

Shares of NYSE:NET traded up $5.61 during trading on Tuesday, hitting $284.53. The company's stock had a trading volume of 2,410,002 shares, compared to its average volume of 3,046,806. The company has a market capitalization of $100.57 billion, a PE ratio of -490.57, a PEG ratio of 228.00 and a beta of 1.66. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $332.22. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. The stock's 50-day moving average price is $281.89 and its two-hundred day moving average price is $236.66.

Cloudflare (NYSE:NET - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.02. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The firm had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. During the same period in the prior year, the firm posted $0.21 EPS. The firm's revenue was up 35.9% compared to the same quarter last year. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. As a group, sell-side analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft upgraded Cloudflare to a "buy" rating in a research note on Tuesday, July 7th. Oppenheimer raised their price target on Cloudflare from $330.00 to $380.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. TD Cowen boosted their price objective on Cloudflare from $300.00 to $355.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Wall Street Zen downgraded Cloudflare from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, BTIG Research increased their target price on Cloudflare from $314.00 to $382.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have assigned a Hold rating and four have assigned 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 target price of $320.19.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. California State Teachers Retirement System increased its stake in Cloudflare by 24,491.6% in the 2nd quarter. California State Teachers Retirement System now owns 114,562,194 shares of the company's stock worth $28,099,815,000 after purchasing an additional 114,096,335 shares in the last quarter. Norges Bank purchased a new stake in Cloudflare during the fourth quarter valued at about $718,316,000. Jennison Associates LLC lifted its stake in Cloudflare by 135.8% during the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company's stock valued at $906,758,000 after buying an additional 2,530,872 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Cloudflare by 4,042.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company's stock worth $275,887,000 after buying an additional 1,365,598 shares during the period. Finally, Swedbank AB increased its position in shares of Cloudflare by 697.5% in the first quarter. Swedbank AB now owns 927,606 shares of the company's stock worth $191,402,000 after acquiring an additional 811,297 shares in the last quarter. Institutional investors own 82.68% of the company's stock.

About Cloudflare

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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