Cloudflare (NYSE:NET) Insider Sells $7,506,418.40 in Stock

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 35,080 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $213.98, for a total transaction of $7,506,418.40. Following the completion of the sale, the insider owned 47,425 shares of the company’s stock, valued at approximately $10,148,001.50. The trade was a 42.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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.
• On Wednesday, April 22nd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $209.15, for a total transaction of $5,362,815.15.
• On Monday, April 20th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $199.37, for a total transaction of $5,112,046.17.
• On Thursday, March 5th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $189.50, for a total transaction of $4,858,969.50.
• 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 transaction of $4,477,175.01.

Cloudflare Price Performance

Shares of NYSE:NET opened at $241.82 on Friday. The company’s 50-day moving average is $208.57 and its 200 day moving average is $198.97. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The company has a market capitalization of $85.47 billion, a P/E ratio of -967.27 and a beta of 1.67. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $260.00.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $639.76 million for the quarter, compared to the consensus estimate of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NET shares. Citigroup started coverage on shares of Cloudflare in a report on Wednesday, April 15th. They issued a “buy” rating on the stock. Barclays boosted their price target on shares of Cloudflare from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. BTIG Research reissued a “buy” rating and issued a $243.00 price target on shares of Cloudflare in a report on Friday, May 8th. KeyCorp downgraded shares of Cloudflare from an “overweight” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, The Goldman Sachs Group downgraded shares of Cloudflare from a “buy” rating to a “sell” rating in a report on Wednesday, April 15th. Eighteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $236.68.

Institutional Investors Weigh In On Cloudflare

Institutional investors have recently added to or reduced their stakes in the business. HM Payson & Co. purchased a new stake in Cloudflare during the fourth quarter valued at about $25,000. Physician Wealth Advisors Inc. lifted its holdings in Cloudflare by 693.3% during the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after purchasing an additional 104 shares during the last quarter. Wiser Advisor Group LLC purchased a new stake in Cloudflare during the third quarter valued at about $26,000. Westside Investment Management Inc. lifted its holdings in Cloudflare by 100.0% during the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after purchasing an additional 65 shares during the last quarter. Finally, Wexford Capital LP purchased a new stake in Cloudflare during the third quarter valued at about $30,000. 82.68% of the stock is owned by hedge funds and other institutional investors.

About Cloudflare

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.