Michelle Zatlyn Sells 33,003 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 33,003 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $278.92, for a total value of $9,205,196.76. Following the transaction, the insider owned 69,775 shares of the company’s stock, valued at approximately $19,461,643. This represents a 32.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 8th, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The shares were sold at an average price of $277.43, for a total transaction of $9,156,022.29.
• On Friday, August 21st, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The shares were sold at an average price of $277.43, for a total transaction of $9,156,022.29.
• On Wednesday, August 19th, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The shares were sold at an average price of $294.63, for a total transaction 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.

Cloudflare Trading Up 10.6%

Shares of NET opened at $314.40 on Thursday. The firm’s 50-day moving average price is $283.25 and its 200-day moving average price is $237.52. The firm has a market capitalization of $111.13 billion, a price-to-earnings ratio of -542.07, a PEG ratio of 232.40 and a beta of 1.66. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.22. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $332.22.

Cloudflare (NYSE:NET) last released 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 net margin of 8.21% and a negative return on equity of 3.88%. The company had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. During the same period in the prior year, the firm earned $0.21 earnings per share. Cloudflare’s revenue was up 35.9% on a year-over-year basis. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. Sell-side analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. HM Payson & Co. bought a new stake in Cloudflare in the 4th quarter worth about $25,000. Wiser Advisor Group LLC bought a new position in Cloudflare during the 3rd quarter valued at about $26,000. Cornerstone Financial Management LLC lifted its stake in Cloudflare by 65.3% during the 2nd quarter. Cornerstone Financial Management LLC now owns 119 shares of the company’s stock valued at $29,000 after acquiring an additional 47 shares during the period. C M Bidwell & Associates Ltd. purchased a new stake in shares of Cloudflare during the 2nd quarter valued at about $30,000. Finally, Wexford Capital LP purchased a new stake in shares of Cloudflare during the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. BTIG Research increased their target price on Cloudflare from $314.00 to $382.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Needham & Company LLC upped their price target on shares of Cloudflare from $280.00 to $380.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Wells Fargo & Company increased their price objective on shares of Cloudflare from $300.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. UBS Group raised their price objective on shares of Cloudflare from $250.00 to $350.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada lifted their target price on shares of Cloudflare from $290.00 to $346.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $320.19.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare introduced an AI security service that integrates OpenAI’s cybersecurity models with Cloudflare’s global infrastructure. Investors viewed the agreement as a high-profile validation of Cloudflare’s agentic-AI and cybersecurity strategy, supporting expectations for stronger enterprise demand. Cloudflare Shares Skyrocket, What You Need To Know
• Positive Sentiment: Meta’s unveiling of its Muse personalized AI agent added to investor enthusiasm around AI agents. Cloudflare is positioned to benefit as companies require security, connectivity and performance infrastructure for increasingly autonomous AI applications. Why Cloudflare Rallied Today
• Positive Sentiment: The OpenAI announcement reinforced recent growth themes in Cloudflare’s AI security, SASE and Workers businesses. The company’s latest reported quarter also showed 35.9% year-over-year revenue growth, with earnings and revenue exceeding analyst expectations.
• Neutral Sentiment: Cloudflare’s valuation remains demanding after the rally. Analysts generally maintain a positive outlook, with a consensus “Moderate Buy” rating and price target near $320, but the stock’s premium valuation leaves it sensitive to execution and growth expectations.
• Negative Sentiment: Insider Michelle Zatlyn sold 33,003 shares worth approximately $9.2 million, reducing her direct holdings by about 32%. The sale was conducted under a pre-arranged Rule 10b5-1 plan, which limits its significance as a discretionary signal, but it may still concern some investors. Insider Selling: Cloudflare Insider Sells 33,003 Shares

Cloudflare Company Profile

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

The company’s offerings include content delivery and domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.