Michelle Zatlyn Sells 33,003 Shares of Cloudflare (NYSE:NET) 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 holdings by 32.11% to 69,775 shares.
• Cloudflare reported quarterly revenue of $696.06 million, up 35.9% year over year, and adjusted EPS of $0.29, exceeding analysts’ estimates. Shares recently traded at $293.16, near the upper half of their 52-week range.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $320.19, although recent ratings include a downgrade to “Hold” and a “Sell” rating.

Cloudflare, Inc. (NYSE:NET - Get Free Report) insider Michelle Zatlyn sold 33,003 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $277.43, for a total transaction of $9,156,022.29. Following the completion of the sale, the insider owned 69,775 shares in the company, valued at $19,357,678.25. This represents a 32.11% decrease in their position. The sale was disclosed in a legal filing 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 Wednesday, August 19th, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The stock was 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.
• 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.

Cloudflare Stock Performance

Shares of NYSE:NET traded up $14.25 during mid-day trading on Friday, reaching $293.16. 2,959,876 shares of the company traded hands, compared to its average volume of 4,317,300. The company's 50 day moving average price is $266.93 and its 200-day moving average price is $226.99. The firm has a market cap of $103.62 billion, a PE ratio of -505.45, a PEG ratio of 174.39 and a beta of 1.65. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $332.22.

Cloudflare (NYSE:NET - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The business had revenue of $696.06 million during the quarter, compared to analyst estimates of $664.66 million. During the same quarter in the prior year, the business posted $0.21 EPS. Cloudflare's revenue for the quarter 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. On average, equities analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HM Payson & Co. bought a new stake in Cloudflare during the fourth quarter worth approximately $25,000. Wiser Advisor Group LLC purchased a new position in shares of Cloudflare in the 3rd quarter worth approximately $26,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Cloudflare in the 2nd quarter worth approximately $30,000. Wexford Capital LP bought a new position in shares of Cloudflare during the 3rd quarter valued at approximately $30,000. Finally, CX Institutional increased its position in shares of Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company's stock valued at $33,000 after purchasing an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company's stock.

Analyst Ratings Changes

NET has been the subject of a number of research reports. Zacks Research lowered Cloudflare from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 14th. BTIG Research lifted their price objective on Cloudflare from $314.00 to $382.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Cloudflare in a report on Friday, July 17th. Truist Financial increased their target price on Cloudflare from $300.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, Citigroup raised their target price on shares of Cloudflare from $265.00 to $400.00 and gave the company a "buy" rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $320.19.

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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