Cloudflare (NYSE:NET) CEO Sells $13,057,795.98 in Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,422 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $249.09, for a total value of $13,057,795.98. 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 Thursday, July 2nd, Matthew Prince sold 18,752 shares of Cloudflare stock. The stock was 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 shares were 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 value 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 transaction of $11,035,213.44.
• On Tuesday, May 19th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $204.15, for a total transaction of $10,694,193.60.
• On Wednesday, April 8th, Matthew Prince sold 51,725 shares of Cloudflare stock. The stock was 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 traded up $5.05 during trading hours on Monday, reaching $247.46. 2,072,556 shares of the stock traded hands, compared to its average volume of 4,483,730. The stock has a 50 day simple moving average of $226.09 and a two-hundred day simple moving average of $204.94. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year 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 company has a market cap of $87.47 billion, a price-to-earnings ratio of -989.84, a price-to-earnings-growth ratio of 244.14 and a beta of 1.67.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $639.75 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 33.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 EPS. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, analysts predict that Cloudflare, Inc. will post 0.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on NET shares. Citizens Jmp reiterated a “market outperform” rating and issued a $270.00 target price on shares of Cloudflare in a research report on Monday, June 15th. The Goldman Sachs Group cut Cloudflare from a “buy” rating to a “sell” rating in a research note on Wednesday, April 15th. Citigroup reiterated a “market outperform” rating on shares of Cloudflare in a report on Monday, June 15th. Mizuho boosted their target price on Cloudflare from $235.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Finally, UBS Group raised their price target on Cloudflare from $220.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 10th. Twenty-one research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $241.35.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Lingotto Investment Management LLP purchased a new stake in shares of Cloudflare during the fourth quarter valued at $34,626,000. Trek Financial LLC purchased a new position in Cloudflare in the 4th quarter worth about $1,793,000. Jupiter Asset Management Ltd. lifted its stake 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 acquiring an additional 188,226 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Cloudflare by 25.8% during the 4th 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 during the period. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of Cloudflare by 17.6% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,381,985 shares of the company’s stock valued at $284,900,000 after acquiring an additional 206,506 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

About Cloudflare

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.