Cloudflare (NYSE:NET) Insider Sells 33,003 Shares

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 33,003 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $294.63, for a total transaction of $9,723,673.89. Following the completion of the transaction, the insider owned 69,775 shares in the company, valued at $20,557,808.25. This trade represents a 32.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 Friday, August 21st, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The stock was sold at an average price of $277.43, for a total transaction of $9,156,022.29.
• 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 shares were 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 stock was sold at an average price of $211.83, for a total transaction of $5,431,533.03.

Cloudflare Stock Performance

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

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. The business had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The firm’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. 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 research analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. KeyCorp raised their price target on Cloudflare from $300.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. New Street Research reaffirmed a “market outperform” rating on shares of Cloudflare in a research report on Monday, June 15th. Benchmark downgraded shares of Cloudflare to an “underperform” rating in a research note on Tuesday, July 7th. Needham & Company LLC raised their target price on shares of Cloudflare from $280.00 to $380.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $136.00 target price on shares of Cloudflare in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $320.19.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. C M Bidwell & Associates Ltd. bought a new stake in Cloudflare during the 2nd quarter worth $30,000. Wiser Advisor Group LLC bought a new position in Cloudflare in the third quarter valued at about $26,000. HM Payson & Co. bought a new position in Cloudflare in the fourth quarter valued at about $25,000. CX Institutional boosted its stake in shares of Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 44 shares in the last quarter. Finally, Cape Investment Advisory Inc. acquired a new stake in shares of Cloudflare during the second quarter valued at about $33,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.

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.