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, October 9th. The stock was sold at an average price of $215.38, for a total value of $5,522,558.58. Following the transaction, the insider directly owned 14,575 shares in the company, valued at approximately $3,139,163.50. This represents a 63.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, October 7th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were 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.
• On Monday, August 25th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $195.61, for a total value of $5,015,636.01.
• On Friday, August 22nd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $193.23, for a total value of $4,954,610.43.
• On Thursday, August 21st, Michelle Zatlyn sold 35,100 shares of Cloudflare stock. The shares were sold at an average price of $191.71, for a total value of $6,729,021.00.
• On Thursday, July 17th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $190.68, for a total value of $4,889,225.88.
• On Tuesday, July 15th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $182.80, for a total value of $4,687,174.80.

Cloudflare Stock Performance

NET stock opened at $213.95 on Friday. The business’s fifty day moving average is $211.99 and its 200-day moving average is $174.80. The company has a quick ratio of 5.14, a current ratio of 5.14 and a debt-to-equity ratio of 2.63. The company has a market cap of $74.56 billion, a P/E ratio of -629.26 and a beta of 1.99. Cloudflare, Inc. has a twelve month low of $85.60 and a twelve month high of $230.10.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The company had revenue of $512.32 million for the quarter, compared to the consensus estimate of $501.58 million. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The firm’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.20 EPS. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. Equities research analysts forecast 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 NET. NBC Securities Inc. acquired a new stake in shares of Cloudflare in the first quarter valued at about $27,000. Merit Financial Group LLC bought a new position in Cloudflare during the first quarter worth about $277,000. Miracle Mile Advisors LLC grew its holdings in Cloudflare by 26.8% during the first quarter. Miracle Mile Advisors LLC now owns 5,057 shares of the company’s stock worth $570,000 after purchasing an additional 1,068 shares during the period. Park Avenue Securities LLC grew its holdings in Cloudflare by 5.7% during the first quarter. Park Avenue Securities LLC now owns 10,652 shares of the company’s stock worth $1,200,000 after purchasing an additional 578 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Cloudflare by 2.5% during the first quarter. Farther Finance Advisors LLC now owns 12,114 shares of the company’s stock worth $1,401,000 after purchasing an additional 291 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on NET shares. DZ Bank reaffirmed a “sell” rating and set a $170.00 price objective on shares of Cloudflare in a research note on Tuesday, July 22nd. UBS Group raised their price objective on Cloudflare from $145.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Citigroup raised their price objective on Cloudflare from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Piper Sandler raised their price objective on Cloudflare from $151.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Finally, Mizuho raised their price objective on Cloudflare from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $196.54.

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.