Cloudflare (NYSE:NET) Insider Sells $9,156,022.29 in Stock

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 33,003 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $277.43, for a total transaction of $9,156,022.29. Following the sale, the insider directly owned 69,775 shares of the company’s stock, valued at approximately $19,357,678.25. This trade represents a 32.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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, September 3rd, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The shares were sold at an average price of $278.92, for a total value of $9,205,196.76.
• 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 value of $9,156,022.29.
• On Wednesday, August 19th, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The stock was sold at an average price of $294.63, for a total value of $9,723,673.89.
• 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 value 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 value of $5,973,840.18.

Cloudflare Stock Performance

Cloudflare stock opened at $311.44 on Friday. The stock’s 50 day moving average price is $284.64 and its 200 day moving average price is $238.46. The firm has a market capitalization of $110.09 billion, a PE ratio of -536.97, a price-to-earnings-growth ratio of 256.82 and a beta of 1.66. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.82 and a current ratio of 1.82. Cloudflare, Inc. has a one year low of $158.83 and a one 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 for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Cloudflare had a negative return on equity of 3.88% and a negative net margin of 8.21%.The firm had revenue of $696.06 million during the quarter, compared to analysts’ expectations of $664.66 million. During the same quarter in the prior year, the business earned $0.21 EPS. Cloudflare’s quarterly revenue was up 35.9% compared to the same quarter last year. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. As a group, sell-side analysts expect that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Institutional Trading of Cloudflare

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NET shares. Mizuho boosted their price objective on shares of Cloudflare from $260.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. UBS Group lifted their target price on Cloudflare from $250.00 to $350.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Royal Bank Of Canada boosted their price target on Cloudflare from $290.00 to $346.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Oppenheimer increased their price target on Cloudflare from $330.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Susquehanna raised their price objective on Cloudflare from $200.00 to $300.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $320.19.

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare’s large-customer momentum remains a key growth driver. Rising customer spending, strong retention and increased adoption of multiple products are supporting revenue expansion and could improve the company’s ability to monetize its platform. Can Large-Customer Gains Remain a Key Driver of NET’s Revenue Growth?
• Positive Sentiment: Investor enthusiasm was fueled by Cloudflare’s reported AI-security collaboration with OpenAI, which is viewed as marquee validation of the company’s positioning in agentic AI and cybersecurity. The service reportedly integrates OpenAI’s cyber models with Cloudflare’s infrastructure. Cloudflare Surges on OpenAI Security Partnership
• Positive Sentiment: At the Goldman Sachs Communacopia conference, management offered an upbeat outlook, saying Cloudflare’s potential opportunity could be “much larger” than its current business. Continued demand tied to AI agents and digital security is reinforcing the bullish narrative. Cloudflare Soars on Upbeat Outlook
• Neutral Sentiment: The recent rally has left Cloudflare trading near its 52-week high, with a market capitalization above $110 billion and a very elevated valuation. Analysts remain broadly positive, including price targets above the current level, but the stock is increasingly sensitive to any slowdown in growth or weaker AI-related execution. Cloudflare Stock Analysis
• Negative Sentiment: Insider Michelle Zatlyn sold 33,003 shares worth approximately $9.2 million under a pre-arranged Rule 10b5-1 plan. While scheduled sales do not necessarily signal deteriorating fundamentals, the reduction in her direct holdings adds a modest sentiment headwind after the stock’s rapid advance. Cloudflare Insider Selling

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.