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Michelle Zatlyn, President and Board Co-Chair at Cloudflare, Inc. (NASDAQ:NET), sold a total of 77,818 shares of Class A Common Stock between October 7 and October 9, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The transaction comes as the $77 billion market cap company trades near its 52-week high, having delivered an impressive 160% return over the past year.
The sales were executed at prices ranging from $214.8634 to $220.9941, netting Zatlyn approximately $16.7 million. These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 14, 2025. The company maintains strong fundamentals with a 76% gross profit margin. InvestingPro subscribers can access detailed insider trading patterns and 15 additional key insights about Cloudflare’s financial health and valuation.
In addition to the sales, the report indicates that Zatlyn converted 76,923 shares of Class B Common Stock into Class A Common Stock. The stock currently trades at $220.95, and according to InvestingPro’s Fair Value analysis, appears to be trading above its fair value.
In other recent news, Cloudflare Inc. has announced several initiatives and partnerships. The company revealed a collaboration with Giga, a UNICEF and International Telecommunication Union initiative, to assess global school internet connectivity. This partnership involves conducting up to 10 million monthly availability tests to aid in improving internet access in underserved communities. Additionally, Cloudflare plans to launch a U.S. dollar-backed stablecoin, NET Dollar, aimed at facilitating AI-driven web transactions. The company is also expanding its Project Galileo initiative to provide nonprofits and independent media organizations with tools to manage AI services accessing their content. In analyst updates, Stifel reiterated a Buy rating on Cloudflare stock, maintaining a price target of $230, following discussions with CEO Matthew Prince about the company’s strategic focus areas. Meanwhile, a Piper Sandler survey highlighted Roblox’s record high active user engagement, reaching approximately 47%, marking a year-over-year increase.
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