Insider Selling: Cloudflare (NYSE:NET) Insider Sells 25,641 Shares of Stock

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 25,641 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $187.96, for a total transaction of $4,819,482.36. Following the transaction, the insider directly owned 24,555 shares of the company’s stock, valued at approximately $4,615,357.80. This trade represents a 51.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, January 15th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $190.05, for a total value of $4,873,072.05.
• On Thursday, December 11th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $208.61, for a total value of $5,348,969.01.
• On Tuesday, December 9th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $205.15, for a total value of $5,260,251.15.
• On Monday, November 24th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $189.07, for a total value of $4,847,943.87.
• On Friday, November 21st, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $188.13, for a total value of $4,823,841.33.
• On Thursday, November 20th, Michelle Zatlyn sold 35,099 shares of Cloudflare stock. The shares were sold at an average price of $199.26, for a total transaction of $6,993,826.74.

Cloudflare Trading Down 2.0%

Cloudflare stock traded down $3.80 during mid-day trading on Thursday, reaching $184.59. 2,674,236 shares of the company traded hands, compared to its average volume of 1,921,420. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00. The firm has a market capitalization of $64.66 billion, a price-to-earnings ratio of -615.30, a P/E/G ratio of 123.91 and a beta of 1.96. The firm’s 50 day moving average price is $201.16 and its 200 day moving average price is $206.33.

Cloudflare (NYSE:NET) last announced its earnings results on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The firm had revenue of $562.03 million for the quarter, compared to analyst estimates of $544.65 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The company’s revenue for the quarter was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. On average, analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cloudflare

Institutional investors have recently bought and sold shares of the stock. Physician Wealth Advisors Inc. grew its holdings in Cloudflare by 693.3% during the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after purchasing an additional 104 shares during the period. Wiser Advisor Group LLC bought a new position in shares of Cloudflare during the 3rd quarter valued at approximately $26,000. Westside Investment Management Inc. increased 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 acquiring an additional 65 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Cloudflare during the 2nd quarter worth approximately $29,000. Finally, ORG Wealth Partners LLC raised its stake in Cloudflare by 101.4% during the 3rd quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock worth $30,000 after acquiring an additional 70 shares during the period. 82.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on NET. Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, October 8th. Royal Bank Of Canada upped their target price on shares of Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Guggenheim reiterated a “sell” rating on shares of Cloudflare in a report on Tuesday, October 21st. Oppenheimer started coverage on shares of Cloudflare in a report on Monday, November 10th. They set an “outperform” rating and a $260.00 price target on the stock. Finally, Citigroup increased their price objective on shares of Cloudflare from $255.00 to $318.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $232.41.

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.