Cloudflare, Inc. (NYSE:NET - Get Free Report) insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $195.61, for a total transaction of $5,015,636.01. Following the completion of the transaction, the insider directly owned 14,575 shares in the company, valued at approximately $2,851,015.75. This trade represents a 63.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Michelle Zatlyn also recently made the following trade(s):
- 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 stock was 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 value of $4,687,174.80.
- On Thursday, June 5th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $171.41, for a total value of $4,395,123.81.
- On Wednesday, June 4th, Michelle Zatlyn sold 25,642 shares of Cloudflare stock. The stock was sold at an average price of $173.00, for a total transaction of $4,436,066.00.
Cloudflare Stock Up 3.9%
NYSE NET traded up $8.02 during trading on Thursday, reaching $213.26. The company's stock had a trading volume of 2,730,984 shares, compared to its average volume of 3,577,831. The stock has a market capitalization of $74.32 billion, a PE ratio of -627.24 and a beta of 1.84. Cloudflare, Inc. has a 1-year low of $74.88 and a 1-year high of $219.00. The business has a 50-day moving average price of $194.93 and a 200-day moving average price of $157.75. The company has a current ratio of 5.14, a quick ratio of 5.14 and a debt-to-equity ratio of 2.63.
Cloudflare (NYSE:NET - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.03. The business 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 for the quarter was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the firm 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. On average, research analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Cloudflare
Several large investors have recently modified their holdings of NET. Mather Group LLC. lifted its position in shares of Cloudflare by 1,188.2% during the 1st quarter. Mather Group LLC. now owns 219 shares of the company's stock valued at $25,000 after acquiring an additional 202 shares during the period. NBC Securities Inc. acquired a new position in shares of Cloudflare during the first quarter valued at about $27,000. GPS Wealth Strategies Group LLC boosted its position in shares of Cloudflare by 213.4% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company's stock worth $29,000 after purchasing an additional 175 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Cloudflare in the 2nd quarter valued at about $29,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Cloudflare by 115.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the company's stock valued at $30,000 after buying an additional 142 shares during the period. 82.68% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on NET shares. Citigroup upped their price target on Cloudflare from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Monday, August 18th. Stifel Nicolaus boosted their target price on Cloudflare from $175.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Morgan Stanley lifted their price target on shares of Cloudflare from $225.00 to $235.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Scotiabank upped their price target 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. Finally, Wells Fargo & Company boosted their price objective on Cloudflare from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $191.28.
View Our Latest Report on NET
About Cloudflare
(
Get Free Report)
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.
Featured Articles
Before you consider Cloudflare, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cloudflare wasn't on the list.
While Cloudflare currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access