Insider Selling: Cloudflare (NYSE:NET) Insider Sells 33,003 Shares of Stock

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 33,003 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $294.63, for a total value of $9,723,673.89. Following the completion of the sale, the insider owned 69,775 shares in the company, valued at approximately $20,557,808.25. This trade represents a 32.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 Thursday, June 18th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was 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.
• On Tuesday, May 26th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $211.83, for a total value of $5,431,533.03.

Cloudflare Stock Up 5.1%

NYSE:NET traded up $14.25 during trading hours on Friday, reaching $293.16. 2,959,876 shares of the stock were exchanged, compared to its average volume of 4,317,300. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $332.22. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.82 and a quick ratio of 1.82. The firm has a 50 day moving average of $266.93 and a 200 day moving average of $226.99. The stock has a market cap of $103.62 billion, a PE ratio of -505.45, a PEG ratio of 174.39 and a beta of 1.65.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $696.06 million for the quarter, compared to the consensus estimate of $664.66 million. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The firm’s revenue was up 35.9% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. Cloudflare has set its Q3 2026 guidance at 0.340-0.340 EPS and its FY 2026 guidance at 1.250-1.260 EPS. On average, equities analysts expect that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Cloudflare during the fourth quarter worth approximately $718,316,000. Jennison Associates LLC lifted its holdings in Cloudflare by 135.8% during the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after purchasing an additional 2,530,872 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Cloudflare by 4,042.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock valued at $275,887,000 after purchasing an additional 1,365,598 shares during the period. Swedbank AB boosted its stake in Cloudflare by 697.5% in the 1st quarter. Swedbank AB now owns 927,606 shares of the company’s stock valued at $191,402,000 after purchasing an additional 811,297 shares during the period. Finally, National Pension Service grew its holdings in Cloudflare by 53.2% in the 4th quarter. National Pension Service now owns 948,003 shares of the company’s stock valued at $186,899,000 after buying an additional 329,341 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Cloudflare to a “buy” rating in a research note on Tuesday, July 7th. Mizuho lifted their target price on Cloudflare from $260.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research report on Friday, July 17th. UBS Group raised their price target on Cloudflare from $250.00 to $350.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Finally, Truist Financial boosted their price target on Cloudflare from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and an average target price of $320.19.

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.