Cloudflare (NYSE:NET) CEO Sells $10,499,325.12 in Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $200.43, for a total value of $10,499,325.12. Following the completion of the sale, the chief executive officer directly owned 20,111 shares in the company, valued at $4,030,847.73. This represents a 72.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, August 20th, Matthew Prince sold 51,848 shares of Cloudflare stock. The stock was sold at an average price of $190.46, for a total value of $9,874,970.08.
• On Wednesday, August 20th, Matthew Prince sold 536 shares of Cloudflare stock. The stock was sold at an average price of $194.84, for a total value of $104,434.24.
• On Thursday, July 10th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $184.58, for a total value of $9,669,038.72.
• On Tuesday, July 8th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $192.27, for a total value of $10,071,871.68.
• On Friday, June 13th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $171.25, for a total value of $8,970,760.00.
• On Wednesday, June 11th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $179.63, for a total value of $9,409,737.92.

Cloudflare Stock Performance

Shares of NYSE:NET opened at $192.9230 on Thursday. The company has a debt-to-equity ratio of 2.63, a current ratio of 5.14 and a quick ratio of 5.14. The business’s 50 day moving average price is $192.82 and its 200-day moving average price is $155.96. The firm has a market capitalization of $67.23 billion, a PE ratio of -567.42 and a beta of 1.84. Cloudflare, Inc. has a 1 year low of $74.88 and a 1 year high of $219.00.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The firm had revenue of $512.32 million for the quarter, compared to analyst estimates of $501.58 million. During the same period in the previous year, the company posted $0.20 earnings per share. The business’s revenue was up 27.8% on a year-over-year basis. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. As a group, equities research analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cloudflare

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Cloudflare by 2.1% during the second quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock worth $6,167,776,000 after acquiring an additional 658,656 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Cloudflare by 5.1% during the second quarter. Geode Capital Management LLC now owns 5,536,679 shares of the company’s stock worth $1,081,533,000 after buying an additional 270,227 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Cloudflare by 33.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock worth $352,610,000 after buying an additional 786,063 shares during the period. American Century Companies Inc. boosted its position in shares of Cloudflare by 34.5% during the first quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock worth $342,287,000 after buying an additional 779,819 shares during the period. Finally, Norges Bank purchased a new position in shares of Cloudflare during the second quarter worth $541,462,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on NET. Susquehanna reduced their price objective on Cloudflare from $170.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, May 12th. Citigroup lifted their price objective on Cloudflare from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Monday. Oppenheimer reiterated an “outperform” rating and set a $200.00 price objective (up previously from $165.00) on shares of Cloudflare in a research report on Thursday, June 5th. Mizuho lifted their price objective on Cloudflare from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Finally, Bank of America lifted their price objective on Cloudflare from $235.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Cloudflare has an average rating of “Moderate Buy” and an average target price of $191.28.

Cloudflare Company Profile

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.