Cloudflare President Michelle Zatlyn Sells Shares
Cloudflare's President and Board Co-Chair sold over 25,000 shares recently.
Key Points
- Michelle Zatlyn, President of Cloudflare, sold 25,641 shares, with the stock trading at $226.87.
- Cloudflare, Inc. has a market cap of $80.5 billion and a forward P/E of 144.2.
- Analysts maintain buy ratings with price targets ranging from $230 to $280.
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Michelle Zatlyn, President and Board Co-Chair of Cloudflare, Inc. (NYSE:NET), recently sold 25,641 shares of the company. The transaction occurred on June 16, 2026, with the stock trading at $226.87. This sale was not part of a pre-planned trading program.
Insider Buying and Selling at Cloudflare, Inc.
On June 18, 2026, Michelle Zatlyn executed several transactions involving 25,641 shares each, both buys and sells, some at an average price of $219.11. This activity was not conducted under a Rule 10b5-1 trading plan.
Other Institutional Activity in Cloudflare
Capital World Investors reduced its stake in Cloudflare by 13,089,948 shares, leaving it with 22,735,569 shares valued at about $4.69 billion. BlackRock, Inc. also trimmed its position by 1,559,172 shares, holding 21,094,282 shares worth $4.35 billion. Meanwhile, Vanguard Portfolio Management LLC initiated a position, acquiring 16,039,889 shares valued at approximately $3.31 billion. Baillie Gifford & Co decreased its holdings by 899,524 shares, now holding 15,924,423 shares valued at $3.29 billion.
Cloudflare, Inc. Stock Down 25.3%
Shares of Cloudflare, Inc. (NYSE:NET) traded near $226.87. The company has a market cap of $80.5 billion and a forward P/E ratio of 144.2, indicating high growth expectations. With a beta of 1.674, the stock is more volatile than the market. Its 52-week range is between $158.83 and $276.82. The stock's 50-day moving average is $217.50, while the 200-day moving average is $207.40.
$NET stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Cloudflare reported revenue of $2.33 billion, growing 33.5% year-over-year. However, the company is not yet profitable, with a net margin of -3.7% and a return on equity of -5.9%. The next earnings report is scheduled for July 30, 2026.
Analysts Set New Price Targets
Analysts remain optimistic about Cloudflare's prospects. On June 15, 2026, Citizens reiterated a buy rating with a $270 target. Truist Securities maintained its buy rating, setting a target of $250 on June 11, 2026. UBS kept a hold rating with a $250 target on the same day. Overall, the consensus is a buy, with an average target price of $243.11 from 31 analysts.
About Cloudflare, Inc.
Cloudflare, Inc. is a technology company that provides cloud-based services to improve the security and performance of internet applications. Headquartered in San Francisco, California, and led by CEO Matthew Prince, the company offers a wide range of products, including web application firewalls, content delivery networks, and zero trust security solutions. Cloudflare serves various industries, including technology, healthcare, and finance, employing over 5,400 people worldwide.
Bottom Line
Michelle Zatlyn's recent stock sale is one of many insider activities at Cloudflare, reflecting ongoing changes in executive shareholdings. The company continues to capture investor interest with its robust growth and innovative cloud solutions. Institutional investors have been actively adjusting their positions, while analysts maintain a positive outlook with strong buy ratings and price targets. As always, remember that insider transactions and analyst opinions are just one piece of the investment puzzle.
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