Michelle Zatlyn Sells 25,640 Shares of Cloudflare, Inc. (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) COO Michelle Zatlyn sold 25,640 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $89.69, for a total value of $2,299,651.60. Following the completion of the sale, the chief operating officer now owns 19,615 shares of the company’s stock, valued at approximately $1,759,269.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, April 18th, Michelle Zatlyn sold 18,955 shares of Cloudflare stock. The shares were sold at an average price of $87.07, for a total value of $1,650,411.85.
• On Friday, March 8th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The stock was sold at an average price of $101.02, for a total value of $2,590,152.80.
• On Wednesday, March 6th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The stock was sold at an average price of $97.96, for a total value of $2,511,694.40.
• On Tuesday, February 20th, Michelle Zatlyn sold 25,640 shares of Cloudflare stock. The stock was sold at an average price of $96.32, for a total value of $2,469,644.80.
• On Thursday, February 15th, Michelle Zatlyn sold 277,376 shares of Cloudflare stock. The stock was sold at an average price of $101.17, for a total value of $28,062,129.92.
• On Friday, January 19th, Michelle Zatlyn sold 12,820 shares of Cloudflare stock. The stock was sold at an average price of $78.68, for a total value of $1,008,677.60.

Cloudflare Stock Down 3.0 %

NET opened at $84.10 on Friday. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 1.68. The firm has a market cap of $28.40 billion, a P/E ratio of -152.90 and a beta of 1.12. Cloudflare, Inc. has a 52 week low of $39.90 and a 52 week high of $116.00. The business’s fifty day simple moving average is $96.38 and its 200 day simple moving average is $81.78.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, February 8th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. Cloudflare had a negative return on equity of 15.92% and a negative net margin of 14.19%. The firm had revenue of $362.47 million for the quarter, compared to the consensus estimate of $352.70 million. As a group, equities research analysts anticipate that Cloudflare, Inc. will post -0.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NET shares. Cantor Fitzgerald restated a “neutral” rating and set a $100.00 price target on shares of Cloudflare in a research note on Wednesday. Mizuho cut their price objective on Cloudflare from $105.00 to $95.00 and set a “neutral” rating for the company in a research report on Monday, April 15th. Morgan Stanley increased their price objective on Cloudflare from $66.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Monday, February 12th. Needham & Company LLC increased their price objective on Cloudflare from $110.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, Susquehanna increased their price objective on Cloudflare from $75.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Cloudflare currently has an average rating of “Hold” and a consensus target price of $87.08.

Hedge Funds Weigh In On Cloudflare

Several large investors have recently added to or reduced their stakes in the business. Yousif Capital Management LLC lifted its position in Cloudflare by 4.0% during the fourth quarter. Yousif Capital Management LLC now owns 3,399 shares of the company’s stock worth $283,000 after buying an additional 130 shares during the period. Kingswood Wealth Advisors LLC lifted its position in Cloudflare by 0.5% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 27,358 shares of the company’s stock worth $2,278,000 after buying an additional 132 shares during the period. Quent Capital LLC raised its holdings in shares of Cloudflare by 8.1% in the 4th quarter. Quent Capital LLC now owns 1,877 shares of the company’s stock worth $156,000 after purchasing an additional 140 shares during the period. CWM LLC raised its holdings in shares of Cloudflare by 3.4% in the 3rd quarter. CWM LLC now owns 4,624 shares of the company’s stock worth $291,000 after purchasing an additional 153 shares during the period. Finally, RFG Advisory LLC raised its holdings in shares of Cloudflare by 2.9% in the 3rd quarter. RFG Advisory LLC now owns 5,957 shares of the company’s stock worth $376,000 after purchasing an additional 166 shares during the period. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

About Cloudflare

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.