Cloudflare (NYSE:NET) Insider Michelle Zatlyn Sells 35,080 Shares

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 35,080 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $187.39, for a total value of $6,573,641.20. Following the completion of the transaction, the insider directly owned 34,514 shares of the company’s stock, valued at $6,467,578.46. This represents a 50.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, February 23rd, Michelle Zatlyn sold 25,641 shares of Cloudflare stock. The stock was 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 shares were sold at an average price of $192.66, for a total transaction of $4,939,995.06.
• 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 stock was sold at an average price of $208.61, for a total transaction 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 value of $5,260,251.15.

Cloudflare Stock Down 9.7%

Shares of NET opened at $159.98 on Tuesday. The stock’s 50-day moving average price is $187.79 and its two-hundred day moving average price is $203.85. Cloudflare, Inc. has a 12 month low of $89.42 and a 12 month high of $260.00. The company has a market capitalization of $56.04 billion, a PE ratio of -551.63 and a beta of 1.97. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46.

Cloudflare (NYSE:NET) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $614.51 million during the quarter, compared to the consensus estimate of $591.67 million. Cloudflare had a negative return on equity of 7.40% and a negative net margin of 4.72%.The firm’s revenue was up 33.6% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share. On average, analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NET. Vanguard Group Inc. lifted its holdings in shares of Cloudflare by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock valued at $6,389,167,000 after purchasing an additional 90,397 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Cloudflare by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock worth $1,184,044,000 after acquiring an additional 241,981 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Cloudflare by 1.6% in the 4th quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock worth $792,377,000 after acquiring an additional 63,198 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Cloudflare by 1.3% in the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock valued at $850,792,000 after purchasing an additional 49,485 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Cloudflare during the fourth quarter valued at about $718,316,000. 82.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NET has been the subject of several recent analyst reports. Citizens Jmp set a $270.00 price objective on shares of Cloudflare in a research report on Friday, October 31st. Needham & Company LLC cut their price target on shares of Cloudflare from $285.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Barclays increased their price target on Cloudflare from $235.00 to $250.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Argus boosted their price objective on Cloudflare from $238.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Finally, Oppenheimer assumed coverage on Cloudflare in a research note on Monday, November 10th. They set an “outperform” rating and a $260.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $230.70.

Cloudflare News Roundup

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare announced it is the first SASE platform to support modern post‑quantum encryption — a product differentiation that strengthens its security positioning for enterprise customers and may support higher-margin sales over time. Cloudflare Becomes the First and Only SASE Platform to Support Modern Post‑Quantum Encryption
• Positive Sentiment: Cloudflare entered a strategic partnership with Mastercard to build tools for small businesses — a commercial tie-up that could accelerate go‑to‑market reach and revenue opportunities in payments and SMB segments. Cloudflare, Inc. (NET) Enters into Strategic Partnership with Mastercard Incorporated
• Neutral Sentiment: An institutional investor (AMJ Financial Wealth Management) modestly increased its Cloudflare position per a recent 13F filing — a small vote of confidence but not large enough to shift ownership dynamics materially. Cloudflare is AMJ Financial Wealth Management’s 10th Largest Position
• Negative Sentiment: White House plans to raise global tariffs to 15% (reported broadly across markets) triggered broad risk‑off moves in tech names and was cited as a direct driver of selling pressure on Cloudflare today. This macro development increases cost uncertainty and investor risk aversion for growth names. Why Cloudflare (NET) Shares Are Getting Obliterated Today
• Negative Sentiment: Sector weakness: cybersecurity stocks fell after Anthropic released an AI tool that can scan code for vulnerabilities, stoking investor fears that AI could commoditize parts of the cybersecurity stack and pressure vendors’ business models. Cloudflare, as a security and networking name, was caught up in that sell‑off. Cybersecurity stocks drop for a second day as new Anthropic tool fuels AI disruption fears
• Negative Sentiment: Significant insider selling: Chief Operating Officer Michelle Zatlyn sold large blocks of shares across Feb. 19–23 (totaling tens of thousands of shares), sharply reducing her stake — moves investors often view as a negative signal or increased near‑term supply. The sales were disclosed in an SEC filing. SEC Filing — Insider Sales

Cloudflare Company Profile

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.