Cloudflare (NYSE:NET) CEO Sells $12,953,268.24 in Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,383 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $247.28, for a total transaction of $12,953,268.24. The sale was disclosed in a filing with the SEC, 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 Thursday, July 2nd, Matthew Prince sold 33,631 shares of Cloudflare stock. The stock was sold at an average price of $242.24, for a total transaction of $8,146,773.44.
• On Wednesday, July 1st, Matthew Prince sold 52,422 shares of Cloudflare stock. The shares were sold at an average price of $249.09, for a total transaction 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 shares were 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 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 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 value of $11,047,942.75.
• On Wednesday, April 8th, Matthew Prince sold 659 shares of Cloudflare stock. The shares were sold at an average price of $223.62, for a total value of $147,365.58.

Cloudflare Stock Performance

NYSE:NET opened at $273.37 on Thursday. The business’s fifty day moving average is $229.40 and its 200 day moving average is $206.40. The firm has a market cap of $96.63 billion, a price-to-earnings ratio of -1,093.47, a PEG ratio of 270.75 and a beta of 1.67. 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 $276.82.

Cloudflare (NYSE:NET) last issued its 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 return on equity of 5.65% and a negative net margin of 3.72%.The business had revenue of $639.75 million during the quarter, compared to the consensus estimate of $620.83 million. During the same quarter last year, the company earned $0.16 EPS. The firm’s revenue 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. Research analysts predict that Cloudflare, Inc. will post 0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

NET has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a research report on Monday, April 20th. Jefferies Financial Group cut Cloudflare from a “buy” rating to a “hold” rating in a report on Tuesday. Raymond James Financial assumed coverage on Cloudflare in a research report on Tuesday. They set a “strong-buy” rating for the company. Susquehanna boosted their price objective on Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Finally, Mizuho upped their price objective on shares of Cloudflare from $235.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $244.23.

Institutional Investors Weigh In On Cloudflare

A number of large investors have recently added to or reduced their stakes in NET. CX Institutional raised its holdings in shares of Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after buying an additional 44 shares in the last quarter. Quadrant Private Wealth Management LLC boosted its stake in Cloudflare by 3.2% in the first quarter. Quadrant Private Wealth Management LLC now owns 1,653 shares of the company’s stock worth $341,000 after buying an additional 51 shares in the last quarter. Essential Partners LLC boosted its stake in Cloudflare by 14.5% in the first quarter. Essential Partners LLC now owns 402 shares of the company’s stock worth $83,000 after buying an additional 51 shares in the last quarter. Jamison Private Wealth Management Inc. grew its position in Cloudflare by 2.6% during the first quarter. Jamison Private Wealth Management Inc. now owns 2,064 shares of the company’s stock valued at $426,000 after acquiring an additional 52 shares during the last quarter. Finally, Revisor Wealth Management LLC grew its position in Cloudflare by 4.0% during the first quarter. Revisor Wealth Management LLC now owns 1,390 shares of the company’s stock valued at $287,000 after acquiring an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Cloudflare News Roundup

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

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.