Cloudflare (NYSE:NET) CEO Sells $10,202,831.68 in Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $194.77, for a total value of $10,202,831.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, January 8th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $189.47, for a total value of $9,925,196.48.
• 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 transaction of $10,541,232.32.
• On Wednesday, December 3rd, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $202.19, for a total transaction of $10,591,520.96.
• 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 value of $10,231,642.88.
• On Monday, November 17th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $204.76, for a total transaction 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 transaction 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 stock was sold at an average price of $220.79, for a total value of $23,624.53.

Cloudflare Price Performance

Shares of NET stock traded down $15.90 on Thursday, hitting $186.91. 3,868,360 shares of the company’s stock were exchanged, compared to its average volume of 1,749,554. The company has a 50 day moving average of $206.32 and a 200 day moving average of $206.43. The stock has a market cap of $65.47 billion, a P/E ratio of -623.03, a price-to-earnings-growth ratio of 133.40 and a beta of 1.96. 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, Inc. has a 12 month low of $89.42 and a 12 month high of $260.00.

Cloudflare (NYSE:NET) last released its quarterly earnings results 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 return on equity of 6.54% and a negative net margin of 5.12%.The company had revenue of $562.03 million for the quarter, compared to analysts’ expectations of $544.65 million. During the same period in the previous year, the business posted $0.20 earnings per share. The business’s quarterly revenue was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. On average, equities research analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current year.

Hedge Funds Weigh In On Cloudflare

Hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. lifted its holdings in shares of Cloudflare by 8.6% in the first quarter. Advisors Asset Management Inc. now owns 1,568 shares of the company’s stock worth $177,000 after buying an additional 124 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Cloudflare by 10.3% in the 1st quarter. Alliancebernstein L.P. now owns 269,274 shares of the company’s stock valued at $30,344,000 after purchasing an additional 25,049 shares during the period. NewEdge Advisors LLC grew its position in shares of Cloudflare by 146.9% during the 1st quarter. NewEdge Advisors LLC now owns 24,122 shares of the company’s stock valued at $2,718,000 after purchasing an additional 14,352 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Cloudflare by 34.2% in the first quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock worth $750,000 after purchasing an additional 1,696 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Cloudflare by 33.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,129,030 shares of the company’s stock worth $352,610,000 after buying an additional 786,063 shares in the last quarter. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. DZ Bank upgraded shares of 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. Royal Bank Of Canada upped their target price on Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Cloudflare in a report on Wednesday, October 8th. Oppenheimer initiated coverage on Cloudflare in a research note on Monday, November 10th. They set an “outperform” rating and a $260.00 price target for the company. Finally, Guggenheim reiterated a “sell” rating on shares of Cloudflare in a report on Tuesday, October 21st. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $233.70.

Cloudflare Company Profile

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.