Insider Selling: Cloudflare (NYSE:NET) Insider Sells 25,641 Shares of Stock

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 25,641 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $189.07, for a total transaction of $4,847,943.87. Following the completion of the sale, the insider owned 24,555 shares in the company, valued at $4,642,613.85. The trade was a 51.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• 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 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.
• 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 transaction 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 transaction 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 transaction of $5,729,481.45.

Cloudflare Stock Up 4.0%

NYSE:NET traded up $7.53 during trading hours on Monday, reaching $193.91. 4,517,197 shares of the stock were exchanged, compared to its average volume of 3,725,999. The stock has a market cap of $67.92 billion, a PE ratio of -646.37 and a beta of 2.10. Cloudflare, Inc. has a twelve month low of $89.42 and a twelve month high of $260.00. The firm has a 50 day moving average of $218.76 and a 200 day moving average of $199.05. 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 quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $562.03 million during the quarter, compared to analysts’ expectations of $544.87 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The business’s revenue was up 30.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 earnings per share. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. On average, equities analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Private Wealth Services LLC raised its holdings in shares of Cloudflare by 8.1% during the 1st quarter. Kestra Private Wealth Services LLC now owns 3,224 shares of the company’s stock worth $363,000 after acquiring an additional 241 shares during the period. Allianz Asset Management GmbH boosted its stake in Cloudflare by 5.3% in the first quarter. Allianz Asset Management GmbH now owns 25,700 shares of the company’s stock valued at $2,897,000 after acquiring an additional 1,288 shares in the last quarter. Choreo LLC boosted its stake in Cloudflare by 7.1% during the 1st quarter. Choreo LLC now owns 5,105 shares of the company’s stock worth $575,000 after purchasing an additional 339 shares during the period. AE Wealth Management LLC purchased a new position in Cloudflare during the first quarter worth about $212,000. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of Cloudflare in the first quarter valued at about $287,000. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NET shares. Mizuho boosted their price target on shares of Cloudflare from $240.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Oppenheimer initiated coverage on Cloudflare in a research note on Monday, November 10th. They issued an “outperform” rating and a $260.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research note on Wednesday, October 8th. Cantor Fitzgerald boosted their price target on Cloudflare from $199.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, Bank of America lifted their target price on Cloudflare from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $235.35.

About Cloudflare

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.