Cloudflare (NYSE:NET) Insider Michelle Zatlyn Sells 25,641 Shares

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 25,641 shares of Cloudflare stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $189.50, for a total value of $4,858,969.50. Following the completion of the sale, the insider owned 34,514 shares in the company, valued at $6,540,403. This represents a 42.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, March 3rd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $174.61, for a total transaction of $4,477,175.01.
• On Monday, February 23rd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $172.76, for a total transaction of $4,429,739.16.
• On Friday, February 20th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $192.66, for a total transaction of $4,939,995.06.
• On Thursday, February 19th, Michelle Zatlyn sold 35,080 shares of Cloudflare stock. The shares were sold at an average price of $187.39, for a total transaction of $6,573,641.20.
• On Thursday, January 15th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $190.05, for a total transaction of $4,873,072.05.
• On Tuesday, January 13th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was 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 shares were sold at an average price of $208.61, for a total value of $5,348,969.01.
• On Tuesday, December 9th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $205.15, for a total transaction of $5,260,251.15.

Cloudflare Stock Performance

Shares of NYSE:NET traded up $6.53 during trading on Thursday, reaching $192.42. The company had a trading volume of 3,823,474 shares, compared to its average volume of 5,547,126. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.98 and a quick ratio of 1.98. The stock’s fifty day moving average price is $184.45 and its 200 day moving average price is $202.53. Cloudflare, Inc. has a fifty-two week low of $89.42 and a fifty-two week high of $260.00. The firm has a market capitalization of $67.40 billion, a price-to-earnings ratio of -663.49 and a beta of 1.98.

Cloudflare (NYSE:NET) last released its earnings results on Tuesday, February 10th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $614.51 million during the quarter, compared to analysts’ expectations of $591.67 million. Cloudflare had a negative net margin of 4.72% and a negative return on equity of 7.24%. The business’s revenue was up 33.6% on a year-over-year basis. During the same quarter last year, the business earned $0.19 EPS. As a group, equities research analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current year.

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: CFO highlighted strong growth and an AI focus at the Morgan Stanley TMT conference, which traders interpreted as a reaffirmation of revenue momentum and strategic direction. Article Title
• Positive Sentiment: Cloudflare announced a “quantum‑ready” full SASE platform and published a 2026 Threat Intelligence report, strengthening its security positioning and potential product-led growth opportunities in post‑quantum and enterprise security demand. Article Title
• Positive Sentiment: Media/market commentators including Jim Cramer noted Cloudflare is “holding up much better” than many peers, supporting investor sentiment that the business is less exposed to AI-driven replacement risks. Article Title
• Neutral Sentiment: The company filed a large shelf registration for Class A shares tied to employee plans (reported alongside the SASE announcement); while intended for employee equity, it represents potential future share issuance that investors should monitor for dilution. Article Title
• Negative Sentiment: Insider sales: Michelle Zatlyn sold blocks of shares on Mar 3 and Mar 5 (total ~51,282 shares) reducing her stake by ~42.6%; large insider exits can create short‑term selling pressure or signal personal liquidity needs. SEC filing: SEC Filing
• Negative Sentiment: Legal/management risk: CEO Matthew Prince was summoned by a Spanish court in an investigation related to illegal soccer broadcasting, introducing potential reputation and legal overhangs that could weigh on sentiment if developments escalate. Article Title

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NET shares. Piper Sandler lifted their target price on shares of Cloudflare from $220.00 to $222.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th. Oppenheimer assumed coverage on shares of Cloudflare in a research note on Monday, November 10th. They issued an “outperform” rating and a $260.00 target price for the company. TD Cowen restated a “buy” rating on shares of Cloudflare in a research report on Tuesday, January 27th. Needham & Company LLC lowered their price objective on shares of Cloudflare from $285.00 to $250.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Finally, Robert W. Baird set a $260.00 price objective on Cloudflare and gave the company an “outperform” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $230.70.

Institutional Investors Weigh In On Cloudflare

Hedge funds and other institutional investors have recently modified their holdings of the stock. HM Payson & Co. bought a new position in Cloudflare in the 4th quarter valued at about $25,000. Physician Wealth Advisors Inc. boosted its holdings in shares of Cloudflare by 693.3% in the third quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after acquiring an additional 104 shares in the last quarter. Wiser Advisor Group LLC acquired a new position in shares of Cloudflare during the third quarter valued at approximately $26,000. Westside Investment Management Inc. raised its holdings in Cloudflare by 100.0% during the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after purchasing an additional 65 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Cloudflare in the second quarter worth approximately $29,000. Institutional investors own 82.68% of the company’s stock.

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.