Cloudflare (NYSE:NET) CEO Sells $8,146,773.44 in Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 33,631 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $242.24, for a total transaction of $8,146,773.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction of $12,953,268.24.
• 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.
• On Thursday, May 21st, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $210.66, for a total value of $11,035,213.44.
• On Tuesday, May 19th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $204.15, for a total value of $10,694,193.60.
• On Wednesday, April 8th, Matthew Prince sold 51,725 shares of Cloudflare stock. The shares were sold at an average price of $213.59, for a total transaction of $11,047,942.75.
• On Wednesday, April 8th, Matthew Prince sold 659 shares of Cloudflare stock. The stock was sold at an average price of $223.62, for a total transaction of $147,365.58.

Cloudflare Price Performance

NYSE NET opened at $273.37 on Thursday. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $276.82. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a market capitalization of $96.63 billion, a PE ratio of -1,093.47, a P/E/G ratio of 270.75 and a beta of 1.67. The company’s 50 day simple moving average is $229.40 and its 200 day simple moving average is $206.40.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm had revenue of $639.75 million for the quarter, compared to analysts’ expectations of $620.83 million. During the same period in the previous year, the business earned $0.16 earnings per share. Cloudflare’s revenue for the quarter was up 33.5% compared to the same quarter last year. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. As a group, equities research analysts forecast that Cloudflare, Inc. will post 0.02 EPS for the current fiscal year.

Key Headlines Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Scotiabank upgraded Cloudflare to Sector Outperform and raised its price target to $300, boosting confidence in the stock’s growth outlook. Scotiabank Upgrades Cloudflare (NYSE:NET) to Sector Outperform
• Positive Sentiment: News flow around Cloudflare’s AI partnership and web indexing research pilot with OpenAI added to the company’s AI infrastructure narrative and could support future demand. Cloudflare, OpenAI team up to launch research pilot for AI search indexing
• Neutral Sentiment: CEO Matthew Prince and director John Graham-Cumming disclosed sizable stock sales, but both were executed under pre-arranged Rule 10b5-1 trading plans. Matthew Prince Sells 33,631 Shares of Cloudflare (NYSE:NET) Stock

Institutional Investors Weigh In On Cloudflare

A number of institutional investors have recently modified their holdings of NET. Vanguard Group Inc. grew its holdings in shares of Cloudflare by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock valued at $6,389,167,000 after acquiring an additional 90,397 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Cloudflare by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock worth $1,184,044,000 after acquiring an additional 241,981 shares in the last quarter. Jennison Associates LLC boosted its position in Cloudflare by 135.8% during the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock valued at $906,758,000 after purchasing an additional 2,530,872 shares during the last quarter. First Trust Advisors LP boosted its position in Cloudflare by 1.6% during the fourth quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock valued at $792,377,000 after purchasing an additional 63,198 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Cloudflare by 1.3% in the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock valued at $850,792,000 after purchasing an additional 49,485 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

NET has been the subject of several research analyst reports. Barclays reaffirmed an “overweight” rating and issued a $250.00 price objective on shares of Cloudflare in a research note on Monday, June 1st. Stifel Nicolaus set a $260.00 target price on shares of Cloudflare in a research note on Friday, May 8th. Jefferies Financial Group lowered Cloudflare from a “buy” rating to a “hold” rating in a report on Tuesday. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $230.00 target price (up from $224.00) on shares of Cloudflare in a research report on Wednesday, June 10th. Finally, Truist Financial lifted their price target on Cloudflare from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $244.23.

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.