Michelle Zatlyn Sells 33,003 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 33,003 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $277.43, for a total value of $9,156,022.29. Following the transaction, the insider owned 69,775 shares of the company’s stock, valued at $19,357,678.25. This represents a 32.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 Thursday, September 3rd, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The stock was sold at an average price of $278.92, for a total transaction of $9,205,196.76.
• 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 transaction of $9,156,022.29.
• On Wednesday, August 19th, Michelle Zatlyn sold 33,003 shares of Cloudflare stock. The shares were sold at an average price of $294.63, for a total transaction of $9,723,673.89.
• On Thursday, June 18th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The shares were sold at an average price of $219.11, for a total transaction of $5,618,199.51.
• On Tuesday, June 16th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $232.98, for a total transaction of $5,973,840.18.

Cloudflare Stock Performance

Cloudflare stock opened at $314.40 on Thursday. The company’s 50-day moving average price is $283.25 and its 200-day moving average price is $237.52. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $332.22. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.22. The company has a market cap of $111.13 billion, a PE ratio of -542.07, a price-to-earnings-growth ratio of 232.40 and a beta of 1.66.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Cloudflare had a negative net margin of 8.21% and a negative return on equity of 3.88%. The firm had revenue of $696.06 million during the quarter, compared to the consensus estimate of $664.66 million. During the same quarter last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was up 35.9% compared to the same quarter last year. 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 research analysts forecast that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare introduced an AI security service that integrates OpenAI’s cybersecurity models with Cloudflare’s global infrastructure. Investors viewed the agreement as a high-profile validation of Cloudflare’s agentic-AI and cybersecurity strategy, supporting expectations for stronger enterprise demand. Cloudflare Shares Skyrocket, What You Need To Know
• Positive Sentiment: Meta’s unveiling of its Muse personalized AI agent added to investor enthusiasm around AI agents. Cloudflare is positioned to benefit as companies require security, connectivity and performance infrastructure for increasingly autonomous AI applications. Why Cloudflare Rallied Today
• Positive Sentiment: The OpenAI announcement reinforced recent growth themes in Cloudflare’s AI security, SASE and Workers businesses. The company’s latest reported quarter also showed 35.9% year-over-year revenue growth, with earnings and revenue exceeding analyst expectations.
• Neutral Sentiment: Cloudflare’s valuation remains demanding after the rally. Analysts generally maintain a positive outlook, with a consensus “Moderate Buy” rating and price target near $320, but the stock’s premium valuation leaves it sensitive to execution and growth expectations.
• Negative Sentiment: Insider Michelle Zatlyn sold 33,003 shares worth approximately $9.2 million, reducing her direct holdings by about 32%. The sale was conducted under a pre-arranged Rule 10b5-1 plan, which limits its significance as a discretionary signal, but it may still concern some investors. Insider Selling: Cloudflare Insider Sells 33,003 Shares

Analyst Upgrades and Downgrades

NET has been the subject of several analyst reports. Royal Bank Of Canada raised their price objective on Cloudflare from $290.00 to $346.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Scotiabank boosted their target price on Cloudflare from $300.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Truist Financial increased their price target on Cloudflare from $300.00 to $350.00 and gave the company a “buy” rating in a report on Friday, August 7th. Jefferies Financial Group set a $350.00 price objective on shares of Cloudflare in a research note on Friday, August 7th. Finally, Robert W. Baird set a $330.00 price objective on shares of Cloudflare in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Cloudflare currently has an average rating of “Moderate Buy” and a consensus price target of $320.19.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. California State Teachers Retirement System boosted its position in Cloudflare by 24,491.6% in the 2nd quarter. California State Teachers Retirement System now owns 114,562,194 shares of the company’s stock valued at $28,099,815,000 after buying an additional 114,096,335 shares during the period. Norges Bank purchased a new position in shares of Cloudflare during the fourth quarter worth approximately $718,316,000. Jennison Associates LLC increased its position in shares of Cloudflare by 135.8% during the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after acquiring an additional 2,530,872 shares during the period. Corient Private Wealth LLC raised its stake in shares of Cloudflare by 4,042.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock valued at $275,887,000 after acquiring an additional 1,365,598 shares in the last quarter. Finally, Swedbank AB raised its stake in shares of Cloudflare by 697.5% during the first quarter. Swedbank AB now owns 927,606 shares of the company’s stock valued at $191,402,000 after acquiring an additional 811,297 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.

Cloudflare Company Profile

Cloudflare, Inc is a technology company that provides cloud-based connectivity, security and performance services for websites, applications, networks and other internet-connected resources. Its platform is designed to help organizations deliver digital content more quickly, protect against cyber threats and manage internet traffic across a global network.

The company’s offerings include content delivery and domain name system services, distributed denial-of-service protection, web application and application programming interface security, bot management, and network security tools.