Matthew Prince Sells 52,384 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $202.19, for a total transaction of $10,591,520.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, December 5th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $201.23, for a total value of $10,541,232.32.
• On Wednesday, November 19th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $195.32, for a total value of $10,231,642.88.
• 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 shares were sold at an average price of $226.46, for a total transaction of $11,862,880.64.
• On Tuesday, September 9th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $217.12, for a total transaction of $11,373,614.08.

Cloudflare Stock Performance

Shares of Cloudflare stock traded down $3.40 during trading hours on Friday, reaching $200.75. The company’s stock had a trading volume of 1,744,413 shares, compared to its average volume of 2,946,807. Cloudflare, Inc. has a one year low of $89.42 and a one year high of $260.00. The company’s 50 day simple moving average is $215.00 and its 200 day simple moving average is $201.52. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. The stock has a market cap of $70.32 billion, a P/E ratio of -669.17 and a beta of 1.94.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $562.03 million for the quarter, compared to analyst estimates of $544.65 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. Cloudflare’s quarterly revenue was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. As a group, analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NET. XTX Topco Ltd bought a new position in Cloudflare during the 1st quarter valued at $342,000. PNC Financial Services Group Inc. boosted its stake in Cloudflare by 19.1% during the first quarter. PNC Financial Services Group Inc. now owns 7,239 shares of the company’s stock valued at $816,000 after buying an additional 1,163 shares in the last quarter. Blair William & Co. IL boosted its stake in Cloudflare by 321.0% during the first quarter. Blair William & Co. IL now owns 20,625 shares of the company’s stock valued at $2,324,000 after buying an additional 15,726 shares in the last quarter. Thoroughbred Financial Services LLC acquired a new position in Cloudflare during the first quarter worth about $568,000. Finally, Cary Street Partners Financial LLC raised its position in Cloudflare by 29.5% in the first quarter. Cary Street Partners Financial LLC now owns 2,863 shares of the company’s stock worth $323,000 after acquiring an additional 652 shares in the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. UBS Group boosted their price objective on Cloudflare from $240.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Mizuho upped their price target on shares of Cloudflare from $240.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a report on Wednesday, October 8th. Stifel Nicolaus lifted 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. Finally, Guggenheim reissued a “sell” rating on shares of Cloudflare in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and an average target price of $235.33.

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.