Insider Selling: Cloudflare (NYSE:NET) Insider Sells 25,641 Shares of Stock

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 25,641 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $189.50, for a total transaction of $4,858,969.50. Following the sale, the insider owned 34,514 shares of the company’s stock, valued at $6,540,403. This trade represents a 42.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 value of $4,477,175.01.
• On Monday, February 23rd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $172.76, for a total transaction of $4,429,739.16.
• On Friday, February 20th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $192.66, for a total transaction of $4,939,995.06.
• On Thursday, February 19th, Michelle Zatlyn sold 35,080 shares of Cloudflare stock. The shares were sold at an average price of $187.39, for a total transaction of $6,573,641.20.
• On Thursday, January 15th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $190.05, for a total transaction of $4,873,072.05.
• On Tuesday, January 13th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $187.96, for a total value of $4,819,482.36.
• On Thursday, December 11th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $208.61, for a total value of $5,348,969.01.
• On Tuesday, December 9th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $205.15, for a total transaction of $5,260,251.15.

Cloudflare Stock Up 3.5%

Shares of NET stock traded up $6.53 on Thursday, hitting $192.42. The stock had a trading volume of 3,823,474 shares, compared to its average volume of 5,547,126. Cloudflare, Inc. has a 12-month low of $89.42 and a 12-month high of $260.00. The stock has a market cap of $67.40 billion, a price-to-earnings ratio of -663.49 and a beta of 1.98. The business has a 50 day moving average of $184.45 and a 200 day moving average of $202.53. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.98 and a quick ratio of 1.98.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Cloudflare had a negative return on equity of 7.24% and a negative net margin of 4.72%.The company had revenue of $614.51 million during the quarter, compared to the consensus estimate of $591.67 million. During the same period last year, the business posted $0.19 earnings per share. Cloudflare’s revenue was up 33.6% on a year-over-year basis. As a group, analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. KeyCorp reaffirmed an “overweight” rating on shares of Cloudflare in a report on Wednesday, February 11th. Robert W. Baird set a $260.00 target price on Cloudflare and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Zacks Research cut shares of Cloudflare from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 12th. Royal Bank Of Canada boosted their price objective on Cloudflare from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Finally, TD Cowen reiterated a “buy” rating on shares of Cloudflare in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $230.70.

Cloudflare News Roundup

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: CFO highlighted strong growth and an AI focus at the Morgan Stanley TMT conference, which traders interpreted as a reaffirmation of revenue momentum and strategic direction. Article Title
• Positive Sentiment: Cloudflare announced a “quantum‑ready” full SASE platform and published a 2026 Threat Intelligence report, strengthening its security positioning and potential product-led growth opportunities in post‑quantum and enterprise security demand. Article Title
• Positive Sentiment: Media/market commentators including Jim Cramer noted Cloudflare is “holding up much better” than many peers, supporting investor sentiment that the business is less exposed to AI-driven replacement risks. Article Title
• Neutral Sentiment: The company filed a large shelf registration for Class A shares tied to employee plans (reported alongside the SASE announcement); while intended for employee equity, it represents potential future share issuance that investors should monitor for dilution. Article Title
• Negative Sentiment: Insider sales: Michelle Zatlyn sold blocks of shares on Mar 3 and Mar 5 (total ~51,282 shares) reducing her stake by ~42.6%; large insider exits can create short‑term selling pressure or signal personal liquidity needs. SEC filing: SEC Filing
• Negative Sentiment: Legal/management risk: CEO Matthew Prince was summoned by a Spanish court in an investigation related to illegal soccer broadcasting, introducing potential reputation and legal overhangs that could weigh on sentiment if developments escalate. Article Title

Institutional Trading of Cloudflare

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Cloudflare by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock worth $6,389,167,000 after purchasing an additional 90,397 shares during the period. Geode Capital Management LLC boosted its position 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 buying an additional 241,981 shares during the period. First Trust Advisors LP grew its stake in Cloudflare by 1.6% in the 4th 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. Invesco Ltd. boosted its stake in Cloudflare by 1.3% in the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock valued at $850,792,000 after acquiring an additional 49,485 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Cloudflare in the 4th quarter worth $718,316,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

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.