Michelle Zatlin, President and COO of Cloudflare, Inc., has sold (NYSE:), recently acquired a significant portion of its shares in the company. According to a filing with the Securities and Exchange Commission, Zatlin executed multiple transactions on January 22, 23, and 24, 2025, totaling approximately $9.41 million. These sales come as Cloudflare, now worth $42.8 billion, has seen its shares soar with a 53% return over the past year, trading near its 52-week high of $125.71.
The sales included several batches of Class A common stock, at prices ranging from $120,393 to $124.5874 per share. Following these transactions, Zatlyn's direct ownership of Cloudflare shares declined, reflecting her strategic financial decisions within the company. according to InvestingPro Analysis Cloudflare maintains strong fundamentals with an impressive gross profit margin of 77.5% and a healthy liquidity ratio of 3.37, although current prices suggest the stock is trading above its fair value.
These sales were made under a Rule 10b5-1 predetermined trading plan, which allows insiders to prepare a predetermined plan to trade the stock to avoid potential conflicts of interest.
Cloudflare, headquartered in San Francisco, is known for its pre-packaged software services, and Zatlin's role as president and COO makes him a key executive in the company's operations and strategic direction.
In other recent news, Cloudflare Company . There have been great developments. Cloudflare's stock rating was upgraded to buy by both Citi and Goldman Sachs, with Citi significantly increasing its price target to $145, reflecting a positive outlook on the company's future earnings potential. Analysts expect revenue growth and volume profitability by the end of 2028. RBC Capital Markets and Baird also maintained their Outperform ratings.
Cloudflare's revenue saw 30% year-over-year growth last year, and a 28% year-over-year increase in the third quarter, to $430.1 million. The company's customer base has also seen a significant increase, now standing at 3,265 customers. The company's strong position in AI and improved market execution were highlighted as key growth factors.
Analysts from Goldman Sachs and Citi expressed confidence in the company's ability to maintain a 27-30% revenue growth rate, envisioning a clear path toward achieving revenues of about $5 billion by 2028. These are recent developments that investors should pay attention to.
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