Cloudflare (NYSE:NET) CEO Sells $10,231,642.88 in Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $195.32, for a total value of $10,231,642.88. Following the sale, the chief executive officer directly owned 22,175 shares in the company, valued at approximately $4,331,221. This represents a 70.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Matthew Prince also recently made the following trade(s):

• On Monday, November 17th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $204.76, for a total value of $10,726,147.84.
• On Thursday, October 16th, Matthew Prince sold 52,277 shares of Cloudflare stock. The stock was sold at an average price of $213.94, for a total value of $11,184,141.38.
• On Tuesday, October 14th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $215.51, for a total value of $11,289,275.84.
• On Thursday, October 16th, Matthew Prince sold 107 shares of Cloudflare stock. The stock was sold at an average price of $220.79, for a total value of $23,624.53.
• On Thursday, September 11th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $226.46, for a total value of $11,862,880.64.
• On Tuesday, September 9th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $217.12, for a total transaction of $11,373,614.08.

Cloudflare Price Performance

Shares of NET stock traded down $0.23 during mid-day trading on Wednesday, hitting $196.30. The company had a trading volume of 3,997,184 shares, compared to its average volume of 3,456,469. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. The stock’s 50 day moving average price is $220.77 and its 200-day moving average price is $197.11. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00. The company has a market capitalization of $68.76 billion, a P/E ratio of -654.32 and a beta of 2.10.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The company had revenue of $562.03 million for the quarter, compared to the consensus estimate of $544.87 million. During the same period in the previous year, the firm posted $0.20 EPS. Cloudflare’s revenue for the quarter was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. Equities research analysts forecast that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

NET has been the subject of a number of research reports. KeyCorp increased their price target on Cloudflare from $235.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Citizens Jmp increased their target price on Cloudflare from $250.00 to $270.00 and gave the company a “market outperform” rating in a research report on Friday, October 31st. Citigroup boosted their price target on shares of Cloudflare from $255.00 to $318.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Mizuho upped their price target on shares of Cloudflare from $240.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, Stifel Nicolaus increased their price objective on shares of Cloudflare from $230.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $235.35.

Institutional Trading of Cloudflare

A number of institutional investors have recently bought and sold shares of the stock. Reliant Investment Partners LLC increased its holdings in Cloudflare by 1.5% in the third quarter. Reliant Investment Partners LLC now owns 3,316 shares of the company’s stock valued at $718,000 after buying an additional 50 shares during the last quarter. Daymark Wealth Partners LLC boosted its position in shares of Cloudflare by 1.1% during the 2nd quarter. Daymark Wealth Partners LLC now owns 4,556 shares of the company’s stock worth $892,000 after acquiring an additional 51 shares in the last quarter. Frank Rimerman Advisors LLC increased its holdings in shares of Cloudflare by 1.8% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 2,821 shares of the company’s stock valued at $605,000 after acquiring an additional 51 shares during the last quarter. Huntington National Bank increased its holdings in shares of Cloudflare by 22.8% in the 2nd quarter. Huntington National Bank now owns 280 shares of the company’s stock valued at $55,000 after acquiring an additional 52 shares during the last quarter. Finally, ORG Partners LLC raised its position in shares of Cloudflare by 11.9% during the 2nd quarter. ORG Partners LLC now owns 498 shares of the company’s stock worth $92,000 after acquiring an additional 53 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors.

About Cloudflare

Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.