Cloudflare (NYSE:NET) Insider Michelle Zatlyn 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 on Tuesday, May 26th. The stock was sold at an average price of $211.83, for a total value of $5,431,533.03. Following the transaction, the insider directly owned 47,425 shares in the company, valued at $10,046,037.75. This represents a 35.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Friday, May 22nd, Michelle Zatlyn sold 35,080 shares of Cloudflare stock. The stock was sold at an average price of $213.98, for a total value of $7,506,418.40.
• On Wednesday, April 22nd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was 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 stock was sold at an average price of $199.37, for a total transaction of $5,112,046.17.
• On Thursday, March 5th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $189.50, for a total transaction of $4,858,969.50.
• On Tuesday, March 3rd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $174.61, for a total transaction of $4,477,175.01.

Cloudflare Stock Down 3.8%

NET stock opened at $209.28 on Thursday. The company has a market cap of $73.97 billion, a P/E ratio of -837.12 and a beta of 1.67. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $260.00. The company’s 50-day moving average price is $207.92 and its 200 day moving average price is $198.70. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29.

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

Analyst Upgrades and Downgrades

NET has been the subject of several research reports. Zacks Research raised Cloudflare from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. New Street Research set a $140.00 target price on shares of Cloudflare in a report on Wednesday, February 11th. The Goldman Sachs Group downgraded shares of Cloudflare from a “buy” rating to a “sell” rating in a report on Wednesday, April 15th. Stifel Nicolaus set a $260.00 target price on shares of Cloudflare in a report on Friday, May 8th. Finally, Susquehanna increased their target price on Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Eighteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $236.68.

Trending Headlines about Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare’s expanded partnership with Anthropic to support secure deployment of Claude Managed Agents highlights its growing role in enterprise AI infrastructure, reinforcing the company’s growth story. Cloudflare (NET) Valuation Check After Anthropic Claude Agent Partnership Expands AI Infrastructure Role
• Positive Sentiment: Recent commentary has pointed to strong top-line growth, AI-driven demand, and a path to margin improvement after workforce reductions, which can support the long-term investment case for NET. Cloudflare Is Priced For Perfection
• Neutral Sentiment: Cloudflare has also been getting attention from market-watchers and stock-screening articles, suggesting investor interest remains elevated, though these pieces do not provide a clear new catalyst. Cloudflare, Inc. (NET) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Insider selling by co-founder Michelle Zatlyn, including two disclosed sales totaling more than 60,000 shares under a 10b5-1 plan, may weigh on sentiment because it can be interpreted as a sign of reduced insider confidence, even if the sales were pre-arranged. SEC Form 4 filing
• Negative Sentiment: Bearish commentary about Cloudflare being “priced for perfection” and criticism of its layoff memo add to concerns that the stock’s valuation may already reflect much of the good news. Cloudflare Is Priced For Perfection

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Cloudflare by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock valued at $6,389,167,000 after purchasing an additional 90,397 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Cloudflare by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock valued at $1,184,044,000 after purchasing an additional 241,981 shares in the last quarter. Jennison Associates LLC lifted its holdings in Cloudflare by 135.8% in the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after purchasing an additional 2,530,872 shares in the last quarter. First Trust Advisors LP lifted its holdings in Cloudflare by 1.6% in the 4th quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock valued at $792,377,000 after purchasing an additional 63,198 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Cloudflare by 1.3% in the 3rd quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock valued at $850,792,000 after purchasing an additional 49,485 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

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.