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

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $226.46, for a total value of $11,862,880.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, September 9th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $217.12, for a total value of $11,373,614.08.
• On Wednesday, August 20th, Matthew Prince sold 51,848 shares of Cloudflare stock. The shares were sold at an average price of $190.46, for a total value of $9,874,970.08.
• On Monday, August 18th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $200.43, for a total value of $10,499,325.12.
• On Wednesday, August 20th, Matthew Prince sold 536 shares of Cloudflare stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $171.25, for a total value of $8,970,760.00.

Cloudflare Stock Up 0.8%

Shares of NET opened at $224.86 on Friday. The firm has a market capitalization of $78.36 billion, a price-to-earnings ratio of -661.35 and a beta of 1.95. The company has a debt-to-equity ratio of 2.63, a quick ratio of 5.14 and a current ratio of 5.14. The business’s fifty day moving average price is $200.72 and its two-hundred day moving average price is $161.42. Cloudflare, Inc. has a 52 week low of $77.60 and a 52 week high of $230.10.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $512.32 million for the quarter, compared to analyst estimates of $501.58 million. Cloudflare had a negative return on equity of 8.42% and a negative net margin of 6.22%.The business’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period last year, the company earned $0.20 EPS. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. On average, analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on NET shares. Citigroup increased their price objective on Cloudflare from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Morgan Stanley raised their price target on Cloudflare from $225.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Mizuho raised their price target on Cloudflare from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Scotiabank raised their price target on Cloudflare from $135.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company raised their price target on Cloudflare from $225.00 to $250.00 and gave the stock an “overweight” 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $191.28.

Institutional Trading of Cloudflare

Several hedge funds and other institutional investors have recently modified their holdings of NET. Mather Group LLC. increased its position in shares of Cloudflare by 1,188.2% in the first quarter. Mather Group LLC. now owns 219 shares of the company’s stock valued at $25,000 after acquiring an additional 202 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Cloudflare in the first quarter valued at about $27,000. GPS Wealth Strategies Group LLC increased its position in shares of Cloudflare by 213.4% in the first quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company’s stock valued at $29,000 after acquiring an additional 175 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Cloudflare in the second quarter valued at about $29,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Cloudflare by 115.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the company’s stock valued at $30,000 after acquiring an additional 142 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

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.