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Cloudflare, Inc. (NYSE:NET) President and Board Co-Chair Michelle Zatlyn recently divested a significant portion of her holdings in the company, according to a Form 4 filing with the Securities and Exchange Commission. The report indicates that Zatlyn sold shares totaling approximately $13.8 million over a series of transactions conducted between February 19 and February 21, 2025. The sales come as Cloudflare maintains impressive gross profit margins of 77% and shows strong revenue growth of 29% in the last twelve months, according to InvestingPro data.
The sales were executed at prices ranging from $156.01 to $167.08 per share. These transactions were part of a pre-arranged trading plan, as disclosed in the filing. Following these sales, Zatlyn’s remaining direct and indirect holdings in Cloudflare have been adjusted accordingly. The timing is notable as the stock has experienced an 11% decline over the past week, though it maintains an impressive 88% gain over the last six months.
In addition to the sales, the filing details several option exercises, which are common for executives seeking to leverage their compensation packages. However, the focus for investors remains on the substantial stock sales, which reflect a notable change in Zatlyn’s investment in the company. For deeper insights into insider trading patterns and comprehensive analysis, including 16 additional ProTips, check out Cloudflare’s detailed InvestingPro Research Report.
In other recent news, Cloudflare Inc . has reported a 27% year-over-year increase in revenue, surpassing analyst expectations and demonstrating consistent growth. This strong performance has led several analyst firms to adjust their price targets for the company’s stock. Mizuho (NYSE:MFG) Securities raised its target to $160, maintaining a neutral rating, while TD Cowen increased its target to $162 with a Buy rating. RBC Capital Markets set a new target of $170, reiterating an Outperform rating, and Citi analysts raised their target to $180, also maintaining a Buy rating. Piper Sandler raised its target to $153 but kept a neutral stance.
The company’s achievements include a significant rise in customer acquisitions and improvements in sales productivity, marking the fifth consecutive quarter of double-digit growth. Analysts have noted Cloudflare’s effective execution of strategies and its focus on enterprise clients, which are expected to drive further growth. Despite some concerns about its high valuation, analysts have expressed confidence in Cloudflare’s potential for sustained growth, citing its scalable architecture and innovation in areas such as AI inferencing. Additionally, Cloudflare’s management has indicated that the second half of 2025 could see re-acceleration, supported by advancements in product offerings and increased sales capacity.
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