Cloudflare president Zatlyn sells shares worth $8.38 million

Published 18/04/2025, 02:16
Cloudflare president Zatlyn sells shares worth $8.38 million

SAN FRANCISCO—Michelle Zatlyn, President and Board Co-Chair of Cloudflare, Inc. (NYSE:NET), has reported significant stock sales, according to a recent SEC filing. On April 15, 16, and 17, Zatlyn sold shares valued at approximately $8.38 million. The sales were executed at prices ranging from $106.91 to $111.55 per share, near the current trading price of $107.90. The company, currently valued at $37.26 billion, has shown impressive revenue growth of 28.76% over the last twelve months.

These transactions were carried out under a pre-established trading plan. The sales involved multiple transactions, with the weighted average prices reflecting the range of prices at which the shares were sold.

As part of the transactions, Zatlyn also exercised stock options, resulting in acquisitions of Class A Common Stock. However, the primary focus remains on the substantial sales, which have been conducted as part of a structured plan.

Cloudflare, a leading web infrastructure and website security company, continues to be a key player in the technology sector, with these transactions reflecting routine portfolio management by its executives. InvestingPro data reveals that analysts expect the company to achieve profitability this year, with 12 additional exclusive insights available to subscribers.

In other recent news, Cloudflare Inc . has made significant strides in various areas. The company announced the acquisition of Outerbase, a developer database company, to enhance its Developer Platform and facilitate the creation of AI-enabled applications. This move aims to simplify database management for developers and integrate Outerbase’s technology into Cloudflare’s existing products. Additionally, Cloudflare launched new tools for AI agent development, including a remote Model Context Protocol server and durable Workflows, designed to streamline the creation and deployment of AI agents.

In the financial sector, Mizuho (NYSE:MFG) Securities upgraded Cloudflare’s stock rating from Neutral to Outperform, citing a stronger-than-expected pipeline and increased large-deal activities. The firm set a revised price target of $135, reflecting a slight reduction due to market conditions. Similarly, TD Cowen maintained its Buy rating on Cloudflare while adjusting the price target to $150, emphasizing the company’s robust cybersecurity growth and strategic platform expansion.

Furthermore, Cloudflare strengthened its board of directors by adding finance and tech experts, including Stacey Cunningham, John Graham-Cumming, and Dr. Karim Lakhani. These appointments are expected to bring valuable insights into financial operations and AI-driven business transformation. These developments highlight Cloudflare’s ongoing efforts to expand its technological capabilities and strengthen its market position amidst a dynamic economic landscape.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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