Insider Selling: Cloudflare (NYSE:NET) Insider Sells $5,973,840.18 in Stock

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $232.98, for a total transaction of $5,973,840.18. Following the sale, the insider owned 47,425 shares of the company’s stock, valued at approximately $11,049,076.50. 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, June 18th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $219.11, for a total transaction of $5,618,199.51.
• 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 transaction of $5,431,533.03.
• On Friday, May 22nd, Michelle Zatlyn sold 35,080 shares of Cloudflare stock. The shares were 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 value of $5,112,046.17.

Cloudflare Trading Down 1.3%

NYSE NET traded down $2.90 on Thursday, reaching $223.97. The company had a trading volume of 4,391,188 shares, compared to its average volume of 4,599,622. The stock’s 50 day moving average is $217.30 and its 200-day moving average is $202.45. The stock has a market cap of $79.17 billion, a price-to-earnings ratio of -895.88, a PEG ratio of 411.56 and a beta of 1.70. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week high of $276.82.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The firm had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The company’s quarterly revenue was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Equities analysts predict that Cloudflare, Inc. will post 0.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NET. Truist Financial lifted their price objective on shares of Cloudflare from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Piper Sandler reiterated an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. BTIG Research increased their target price on shares of Cloudflare from $243.00 to $269.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. UBS Group lifted their price target on shares of Cloudflare from $220.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 10th. Finally, New Street Research reissued a “market outperform” rating on shares of Cloudflare in a report on Monday. Twenty-one investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $241.35.

Hedge Funds Weigh In On Cloudflare

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Cloudflare by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock worth $6,389,167,000 after buying an additional 90,397 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Cloudflare by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock valued at $1,184,044,000 after buying an additional 241,981 shares during the period. Jennison Associates LLC increased its position in shares of Cloudflare by 135.8% during the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after acquiring an additional 2,530,872 shares in the last quarter. First Trust Advisors LP increased its position in shares of Cloudflare by 1.6% during the fourth quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock worth $792,377,000 after acquiring an additional 63,198 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Cloudflare by 1.3% during the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock worth $850,792,000 after acquiring an additional 49,485 shares during the period. Institutional investors own 82.68% of the company’s stock.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Citizens maintained its Market Outperform rating on Cloudflare and kept a $270 price target after the company’s recent Investor Day, reinforcing the bullish case for NET’s AI and security growth story.
• Positive Sentiment: Cloudflare announced a new Cloudflare One Design Partner Designation to help selected partners accelerate secure AI and SASE adoption, which supports the company’s enterprise platform expansion and long-term revenue narrative. Article Title
• Positive Sentiment: Cloudflare continues to be highlighted as one of the more attractive generative AI software names, helping sustain investor interest in the stock. Article Title

Cloudflare Company Profile

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.