Cloudflare (NYSE:NET) CEO Matthew Prince Sells 52,383 Shares of Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,383 shares of Cloudflare stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $283.42, for a total value of $14,846,389.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 4th, Matthew Prince sold 20,101 shares of Cloudflare stock. The stock was sold at an average price of $296.89, for a total transaction of $5,967,785.89.
• On Wednesday, August 5th, Matthew Prince sold 18,752 shares of Cloudflare stock. The stock was sold at an average price of $296.10, for a total transaction of $5,552,467.20.
• On Tuesday, August 4th, Matthew Prince sold 32,282 shares of Cloudflare stock. The stock was sold at an average price of $298.44, for a total transaction of $9,634,240.08.
• On Wednesday, August 5th, Matthew Prince sold 33,631 shares of Cloudflare stock. The shares were sold at an average price of $296.10, for a total value of $9,958,139.10.
• On Monday, July 6th, Matthew Prince sold 52,383 shares of Cloudflare stock. The stock was sold at an average price of $247.28, for a total value of $12,953,268.24.
• On Thursday, July 2nd, Matthew Prince sold 33,631 shares of Cloudflare stock. The shares were sold at an average price of $242.24, for a total value of $8,146,773.44.
• On Wednesday, July 1st, Matthew Prince sold 52,422 shares of Cloudflare stock. The stock was sold at an average price of $249.09, for a total value of $13,057,795.98.
• On Thursday, July 2nd, Matthew Prince sold 18,752 shares of Cloudflare stock. The shares were sold at an average price of $242.24, for a total transaction of $4,542,484.48.
• On Monday, June 22nd, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $217.91, for a total transaction of $11,414,997.44.
• On Wednesday, June 24th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $224.30, for a total transaction of $11,749,731.20.

Cloudflare Stock Down 3.2%

Shares of NYSE:NET opened at $291.71 on Thursday. The firm has a market capitalization of $103.11 billion, a PE ratio of -1,166.83, a price-to-earnings-growth ratio of 225.36 and a beta of 1.65. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $305.00. The firm has a fifty day moving average of $254.72 and a 200 day moving average of $217.56.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company’s revenue was up 33.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 EPS. As a group, research analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Cloudflare

Several institutional investors and hedge funds have recently modified their holdings of the stock. Lingotto Investment Management LLP bought a new position in shares of Cloudflare during the fourth quarter valued at approximately $34,626,000. Trek Financial LLC purchased a new stake in shares of Cloudflare in the 4th quarter worth approximately $1,793,000. Jupiter Asset Management Ltd. increased its position in Cloudflare by 1,984.7% during the 4th quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock valued at $38,979,000 after buying an additional 188,226 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Cloudflare by 25.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock valued at $323,259,000 after acquiring an additional 336,768 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in Cloudflare by 17.6% in the first quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock worth $284,900,000 after buying an additional 206,506 shares during the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NET shares. The Goldman Sachs Group cut Cloudflare from a “buy” rating to a “sell” rating in a report on Wednesday, April 15th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $250.00 price target on shares of Cloudflare in a research note on Monday. Stifel Nicolaus set a $260.00 price objective on Cloudflare in a research report on Friday, May 8th. Needham & Company LLC increased their price objective on Cloudflare from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, Oppenheimer raised their target price on shares of Cloudflare from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Cloudflare currently has an average rating of “Moderate Buy” and an average target price of $265.27.

Key Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: New AI security tools expand Cloudflare’s addressable market. Cloudflare launched Identity-Aware AI Gateway, which allows companies to monitor employee and AI-agent use, control spending, identify users, and flag risky content. The product could support demand for Cloudflare’s security and connectivity platform as businesses adopt AI. Cloudflare Gives Companies Full Visibility to Audit and Analyze AI Use
• Positive Sentiment: Cloudflare OS strengthens its AI infrastructure strategy. The company announced an open-source AI workspace running on its global network, giving employees secure access to AI tools and internal systems without requiring new infrastructure. Separately, Cloudflare is developing identity and wallet capabilities for AI agents, potentially creating additional enterprise monetization opportunities. Cloudflare OS Is the First AI Workspace Built Around How Companies Actually Work
• Positive Sentiment: Jefferies expects revenue acceleration and possible guidance increases. Analysts are looking for second-quarter revenue growth near 30% and a path toward mid-30% growth by the end of 2026. A stronger outlook could support the stock, particularly because Cloudflare previously exceeded revenue and adjusted EPS expectations. Cloudflare Poised for Second Quarter Revenue Acceleration, Says Jefferies
• Neutral Sentiment: Earnings are the immediate catalyst. Investors will focus on revenue growth, margins, free cash flow, AI-related demand, and full-year guidance. Cloudflare’s prior quarter included 33.5% year-over-year revenue growth and an EPS beat.
• Neutral Sentiment: A director’s stock sale has limited signaling value. Mark Hawkins sold 133 shares worth approximately $36,939 under a pre-arranged Rule 10b5-1 plan, reducing his holdings by 1.24% while retaining 10,632 shares. SEC Insider Filing
• Negative Sentiment: Valuation leaves little room for disappointment. Cloudflare trades at exceptionally high sales and earnings multiples, so even a quarterly beat may not satisfy investors unless growth, profitability, or guidance materially exceeds already elevated expectations. Three Things I Love About Cloudflare and Why I’m Stuck at Hold Anyway

Cloudflare Company Profile

Cloudflare, Inc is a global web infrastructure and security company that provides a suite of services designed to improve the performance, reliability and security of internet properties. Its core offerings include a content delivery network (CDN), distributed denial-of-service (DDoS) protection, managed DNS, and a web application firewall (WAF). Cloudflare also provides tools for bot management, SSL/TLS, load balancing and rate limiting to help organizations maintain uptime and protect web applications from attack.

In addition to traditional edge and security services, Cloudflare has expanded into edge computing and developer platforms.