Cloudflare (NYSE:NET) CEO Matthew Prince Sells 18,752 Shares of Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 18,752 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $242.24, for a total value of $4,542,484.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 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 transaction of $11,749,731.20.
• On Thursday, May 21st, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was 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 shares were 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 shares were sold at an average price of $223.62, for a total value of $147,365.58.

Cloudflare Stock Up 2.1%

NYSE:NET traded up $5.05 during mid-day trading on Monday, hitting $247.46. The company had a trading volume of 2,072,556 shares, compared to its average volume of 4,483,730. The business has a fifty day simple moving average of $226.09 and a 200-day simple moving average of $204.94. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $276.82. The firm has a market capitalization of $87.47 billion, a price-to-earnings ratio of -989.84, a PEG ratio of 244.14 and a beta of 1.67.

Cloudflare (NYSE:NET) last issued its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share 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 company had revenue of $639.75 million during the quarter, compared to the consensus estimate of $620.83 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The company’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. Equities analysts forecast that Cloudflare, Inc. will post 0.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on NET. The Goldman Sachs Group cut shares of Cloudflare from a “buy” rating to a “sell” rating in a research report on Wednesday, April 15th. Citigroup reissued a “market outperform” rating on shares of Cloudflare in a research report on Monday, June 15th. Barclays reaffirmed an “overweight” rating and set a $250.00 target price on shares of Cloudflare in a research report on Monday, June 1st. Truist Financial boosted their price target on Cloudflare from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $305.00 price target on shares of Cloudflare in a report on Thursday, June 4th. 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 stock. According to data from MarketBeat, Cloudflare has a consensus rating of “Moderate Buy” and an average price target of $241.35.

Institutional Investors Weigh In On Cloudflare

Several institutional investors and hedge funds have recently bought and sold shares of NET. Lingotto Investment Management LLP acquired a new stake in shares of Cloudflare during the 4th quarter worth approximately $34,626,000. Trek Financial LLC acquired a new stake in Cloudflare in the fourth quarter worth $1,793,000. Jupiter Asset Management Ltd. increased its position in Cloudflare by 1,984.7% in the fourth quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock worth $38,979,000 after buying an additional 188,226 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Cloudflare by 25.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,639,661 shares of the company’s stock valued at $323,259,000 after buying an additional 336,768 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of Cloudflare by 17.6% during the first 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 period. Institutional investors and hedge funds 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.