Michelle Zatlyn Sells 25,641 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 25,641 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $208.61, for a total transaction of $5,348,969.01. Following the completion of the transaction, the insider owned 24,555 shares in the company, valued at approximately $5,122,418.55. This represents a 51.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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.
• On Monday, November 24th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $189.07, for a total transaction of $4,847,943.87.
• On Friday, November 21st, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $188.13, for a total transaction of $4,823,841.33.
• On Thursday, November 20th, Michelle Zatlyn sold 35,099 shares of Cloudflare stock. The stock was sold at an average price of $199.26, for a total value of $6,993,826.74.
• On Thursday, October 9th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $215.38, for a total value of $5,522,558.58.
• On Tuesday, October 7th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $218.20, for a total value of $5,594,866.20.
• On Thursday, September 25th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $212.49, for a total value of $5,448,456.09.
• On Tuesday, September 23rd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $223.45, for a total value of $5,729,481.45.

Cloudflare Stock Performance

NET stock traded down $5.96 during trading hours on Thursday, hitting $207.50. 2,234,648 shares of the stock were exchanged, compared to its average volume of 3,280,031. Cloudflare, Inc. has a 12 month low of $89.42 and a 12 month high of $260.00. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $72.68 billion, a P/E ratio of -691.67 and a beta of 1.94. The company has a 50-day simple moving average of $214.57 and a two-hundred day simple moving average of $202.92.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The business had revenue of $562.03 million for the quarter, compared to the consensus estimate of $544.65 million. During the same period in the prior year, the company posted $0.20 earnings per share. Cloudflare’s revenue was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. On average, analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

NET has been the subject of a number of analyst reports. Citigroup lifted their price target on shares of Cloudflare from $255.00 to $318.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Argus raised their price objective on Cloudflare from $238.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Mizuho upped their target price on Cloudflare from $240.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Susquehanna boosted their price target on Cloudflare from $205.00 to $260.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $235.33.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NET. Vanguard Group Inc. boosted its holdings in shares of Cloudflare by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company’s stock valued at $6,934,958,000 after acquiring an additional 821,684 shares in the last quarter. Geode Capital Management LLC raised its position in Cloudflare by 5.1% in the second quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company’s stock valued at $1,081,533,000 after purchasing an additional 270,227 shares during the last quarter. Invesco Ltd. raised its position 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 purchasing an additional 49,485 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Cloudflare by 33.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock valued at $352,610,000 after purchasing an additional 786,063 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Cloudflare by 34.5% during the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after acquiring an additional 779,819 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Cloudflare Company Profile

Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.