Cloudflare, Inc. (NYSE:NET) Insider Michelle Zatlyn Sells 35,099 Shares

Cloudflare, Inc. (NYSE:NET) insider Michelle Zatlyn sold 35,099 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $164.84, for a total transaction of $5,785,719.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, February 21st, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The stock was sold at an average price of $156.67, for a total transaction of $4,017,018.80.
• On Friday, January 24th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The stock was sold at an average price of $123.75, for a total transaction of $3,172,950.00.
• On Wednesday, January 22nd, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The shares were sold at an average price of $120.40, for a total transaction of $3,087,056.00.
• On Thursday, December 12th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The stock was sold at an average price of $113.16, for a total value of $2,901,422.40.
• On Tuesday, December 10th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The stock was sold at an average price of $112.68, for a total value of $2,889,115.20.
• On Wednesday, November 27th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The shares were sold at an average price of $100.44, for a total value of $2,575,281.60.
• On Monday, November 25th, Michelle Zatlyn sold 35,118 shares of Cloudflare stock. The stock was sold at an average price of $105.30, for a total value of $3,697,925.40.

Cloudflare Trading Down 2.9 %

NET stock opened at $151.83 on Friday. Cloudflare, Inc. has a one year low of $66.24 and a one year high of $177.37. The company has a debt-to-equity ratio of 1.32, a quick ratio of 3.37 and a current ratio of 3.37. The firm’s fifty day moving average is $130.11 and its 200 day moving average is $103.08.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, February 6th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.21). Cloudflare had a negative net margin of 4.72% and a negative return on equity of 5.52%. On average, sell-side analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Robert W. Baird reaffirmed a “neutral” rating and issued a $140.00 price objective (up from $125.00) on shares of Cloudflare in a research report on Monday, February 3rd. Oppenheimer cut shares of Cloudflare from an “outperform” rating to a “market perform” rating in a report on Friday, February 7th. Jefferies Financial Group boosted their price objective on shares of Cloudflare from $100.00 to $125.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Guggenheim raised their target price on Cloudflare from $57.00 to $68.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. Finally, Scotiabank lifted their price target on Cloudflare from $87.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $136.28.

Institutional Trading of Cloudflare

Several institutional investors have recently bought and sold shares of the business. Creative Planning grew its stake in Cloudflare by 17.8% in the 3rd quarter. Creative Planning now owns 31,519 shares of the company’s stock valued at $2,550,000 after acquiring an additional 4,756 shares during the period. Bleakley Financial Group LLC grew its position in shares of Cloudflare by 9.5% in the third quarter. Bleakley Financial Group LLC now owns 3,620 shares of the company’s stock valued at $293,000 after purchasing an additional 313 shares during the period. Blue Trust Inc. grew its position in shares of Cloudflare by 224.5% in the third quarter. Blue Trust Inc. now owns 2,447 shares of the company’s stock valued at $203,000 after purchasing an additional 1,693 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Cloudflare by 13.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 987 shares of the company’s stock worth $80,000 after purchasing an additional 119 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of Cloudflare by 8.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,324 shares of the company’s stock worth $188,000 after purchasing an additional 176 shares during the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Cloudflare Company Profile

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.