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

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 25,641 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $232.98, for a total transaction of $5,973,840.18. Following the completion of the transaction, the insider directly owned 47,425 shares of the company’s stock, valued at $11,049,076.50. This trade represents a 35.09% decrease in their position. The transaction 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 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 value of $5,618,199.51.
• 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.
• On Friday, May 22nd, Michelle Zatlyn sold 35,080 shares of Cloudflare stock. The shares were sold at an average price of $213.98, for a total value of $7,506,418.40.
• On Wednesday, April 22nd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $209.15, for a total value of $5,362,815.15.
• On Monday, April 20th, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was sold at an average price of $199.37, for a total value of $5,112,046.17.

Cloudflare Price Performance

Shares of NET stock opened at $223.97 on Friday. The stock’s fifty day simple moving average is $217.72 and its 200 day simple moving average is $202.77. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a market cap of $79.17 billion, a price-to-earnings ratio of -895.88, a P/E/G ratio of 399.24 and a beta of 1.70. Cloudflare, Inc. has a one year low of $158.83 and a one year high of $276.82.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $639.75 million for the quarter, compared to analysts’ expectations of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The business’s revenue was up 33.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 earnings per share. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, analysts expect that Cloudflare, Inc. will post 0.01 earnings per share for the current fiscal year.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Several recent notes point to a potential technical rebound for Cloudflare, with a hammer chart pattern suggesting support and analysts citing rising earnings estimate revisions as a possible catalyst for a near-term reversal. Article Title
• Positive Sentiment: Cloudflare’s June 4 acquisition of VoidZero could strengthen its developer platform by bringing high-performance JavaScript tools like Vite and Vitest into its edge network, supporting the long-term growth story. Article Title
• Neutral Sentiment: Citizens maintained a constructive view on Cloudflare after Investor Day, while other recent analyst updates kept the stock in focus and helped support sentiment around its AI and security growth opportunities. Article Title
• Negative Sentiment: Insider selling has been a recurring headline, including CFO Thomas Seifert’s sale of 10,000 shares and insider Michelle Zatlyn’s larger sale, which can weigh on sentiment even though the transactions were made under pre-arranged trading plans. Article Title
• Negative Sentiment: Cloudflare is also facing governance concerns after JLens urged shareholders to withhold votes for two directors, creating a headline risk ahead of the June 30 annual meeting. Article Title

Analyst Ratings Changes

A number of brokerages recently issued reports on NET. Susquehanna increased their target price on shares of Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research report on Monday, April 20th. KeyCorp reaffirmed an “overweight” rating on shares of Cloudflare in a research note on Wednesday, June 10th. Citigroup reaffirmed a “market outperform” rating on shares of Cloudflare in a report on Monday. Finally, Stifel Nicolaus set a $260.00 target price on shares of Cloudflare in a research note on Friday, May 8th. Twenty-one investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $241.35.

Institutional Investors Weigh In On Cloudflare

A number of hedge funds have recently added to or reduced their stakes in the stock. Wiser Advisor Group LLC bought a new position in shares of Cloudflare in the third quarter worth about $26,000. HM Payson & Co. bought a new stake in shares of Cloudflare during the fourth quarter valued at approximately $25,000. Wexford Capital LP bought a new stake in shares of Cloudflare during the third quarter valued at approximately $30,000. Ameriflex Group Inc. increased its holdings in shares of Cloudflare by 105.6% in the third quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock valued at $32,000 after purchasing an additional 76 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Cloudflare by 55.4% in the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after purchasing an additional 56 shares in the last quarter. 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.