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

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $202.19, for a total value of $10,591,520.96. 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 Friday, December 5th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were 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 stock was sold at an average price of $195.32, for a total transaction 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 shares were 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 stock was sold at an average price of $215.51, for a total transaction of $11,289,275.84.
• On Thursday, October 16th, Matthew Prince sold 107 shares of Cloudflare stock. The shares were sold at an average price of $220.79, for a total transaction of $23,624.53.
• On Thursday, September 11th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was 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 shares were sold at an average price of $217.12, for a total transaction of $11,373,614.08.

Cloudflare Trading Down 1.7%

NET opened at $200.75 on Friday. The firm has a market capitalization of $70.32 billion, a price-to-earnings ratio of -669.17 and a beta of 1.94. The company’s 50 day simple moving average is $215.00 and its two-hundred day simple moving average is $201.52. Cloudflare, Inc. has a 1-year low of $89.42 and a 1-year high of $260.00. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $562.03 million for the quarter, compared to the consensus estimate of $544.65 million. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The firm’s revenue was up 30.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. Analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Cloudflare

Institutional investors and hedge funds have recently modified their holdings of the company. Physician Wealth Advisors Inc. lifted its holdings in Cloudflare by 693.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after buying an additional 104 shares in the last quarter. Wiser Advisor Group LLC purchased a new stake in shares of Cloudflare during the third quarter worth $26,000. Westside Investment Management Inc. raised its stake in shares of Cloudflare by 100.0% in the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock valued at $28,000 after acquiring an additional 65 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Cloudflare in the second quarter valued at $29,000. Finally, ORG Wealth Partners LLC boosted its holdings in Cloudflare by 101.4% in the third quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock valued at $30,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Guggenheim restated a “sell” rating on shares of Cloudflare in a research report on Tuesday, October 21st. Stifel Nicolaus raised their price target on shares of Cloudflare from $230.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Needham & Company LLC upped their price objective on Cloudflare from $240.00 to $285.00 and gave the company a “buy” rating in a report on Friday, October 31st. Wall Street Zen upgraded Cloudflare from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, DZ Bank upgraded Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 target price on the stock in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Cloudflare presently has an average rating of “Moderate Buy” and a consensus 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.