Cloudflare (NYSE:NET) Insider Sells $4,873,072.05 in Stock

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $190.05, for a total transaction of $4,873,072.05. Following the transaction, the insider directly owned 24,555 shares in the company, valued at approximately $4,666,677.75. This trade represents a 51.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, January 13th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $187.96, for a total transaction 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 transaction of $5,348,969.01.
• On Tuesday, December 9th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $205.15, for a total value 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 value of $4,847,943.87.
• On Friday, November 21st, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $188.13, for a total value 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 transaction of $6,993,826.74.

Cloudflare Stock Performance

Shares of NYSE:NET traded down $3.80 during trading on Thursday, reaching $184.59. 2,674,236 shares of the company’s stock traded hands, compared to its average volume of 1,921,420. The stock has a market capitalization of $64.66 billion, a P/E ratio of -615.30, a price-to-earnings-growth ratio of 123.91 and a beta of 1.96. Cloudflare, Inc. has a 12 month low of $89.42 and a 12 month high of $260.00. The company has a 50 day moving average of $201.16 and a 200-day moving average of $206.33. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, October 30th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $562.03 million during the quarter, compared to the consensus estimate of $544.65 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.Cloudflare’s quarterly revenue was up 30.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 earnings per share. 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, equities analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current year.

Institutional Trading of Cloudflare

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in Cloudflare in the 2nd quarter worth approximately $541,462,000. Groupama Asset Managment purchased a new stake in shares of Cloudflare during the second quarter worth $225,204,000. Vanguard Group Inc. boosted its position in Cloudflare by 2.6% during the third quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company’s stock valued at $6,934,958,000 after purchasing an additional 821,684 shares during the last quarter. KBC Group NV grew its stake in Cloudflare by 1,388.7% in the second quarter. KBC Group NV now owns 736,153 shares of the company’s stock valued at $144,161,000 after purchasing an additional 686,702 shares in the last quarter. Finally, Rakuten Investment Management Inc. acquired a new position in Cloudflare in the 3rd quarter worth about $138,660,000. Institutional investors own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NET. JMP Securities set a $270.00 target price on Cloudflare in a research note on Friday, October 31st. Scotiabank increased their price objective on shares of Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a report on Friday, October 31st. Barclays initiated coverage on shares of Cloudflare in a research note on Tuesday, December 2nd. They set an “overweight” rating and a $235.00 target price for the company. Guggenheim restated a “sell” rating on shares of Cloudflare in a research note on Tuesday, October 21st. Finally, Citigroup boosted their price objective on Cloudflare from $255.00 to $318.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Cloudflare currently has an average rating of “Moderate Buy” and an average price target of $232.41.

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.