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

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,384 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $224.30, for a total transaction of $11,749,731.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 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 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 value 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 stock was sold at an average price of $213.59, for a total value of $11,047,942.75.
• On Monday, April 6th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $210.02, for a total value of $11,001,687.68.
• 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

Shares of NYSE:NET opened at $222.63 on Thursday. The firm has a market capitalization of $78.69 billion, a PE ratio of -890.53, a P/E/G ratio of 226.55 and a beta of 1.70. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The business has a 50-day moving average of $220.16 and a two-hundred day moving average of $203.20. Cloudflare, Inc. has a 12 month low of $158.83 and a 12 month high of $276.82.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $620.83 million. During the same period last year, the business posted $0.16 EPS. The company’s quarterly 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. As a group, research analysts forecast that Cloudflare, Inc. will post 0.02 earnings per share for the current year.

Institutional Trading of Cloudflare

A number of hedge funds and other institutional investors have recently modified their holdings of NET. HM Payson & Co. purchased a new stake in Cloudflare during the 4th quarter worth approximately $25,000. Wiser Advisor Group LLC acquired a new position in shares of Cloudflare in the 3rd quarter valued at approximately $26,000. Wexford Capital LP purchased a new position in shares of Cloudflare during the 3rd quarter valued at approximately $30,000. Ameriflex Group Inc. boosted its stake in shares of Cloudflare by 105.6% during the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock valued at $32,000 after buying an additional 76 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Cloudflare by 55.4% during the third quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after buying an additional 56 shares in the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare announced a collaboration with Mozilla, Google, and Microsoft to help standardize privacy-preserving methods for distinguishing human traffic from AI/bot traffic, highlighting its role in a major internet infrastructure problem and potentially expanding demand for its security and traffic-management tools. Cloudflare (NET) Launches Browser Push To Sort Human And AI Traffic
• Positive Sentiment: Cloudflare and beehiiv launched AI Crawl Controls for independent publishers, giving creators simple controls over whether AI systems can scrape or discover their content; this strengthens Cloudflare’s AI monetization and content-control strategy. Cloudflare and beehiiv Introduce AI Crawl Controls to Help Independent Publishers Navigate the AI Era
• Positive Sentiment: Brokerage coverage noted a “Moderate Buy” consensus rating, reinforcing that Wall Street remains constructive on Cloudflare’s growth outlook. Cloudflare, Inc. (NYSE:NET) Receives Consensus Rating of “Moderate Buy” from Brokerages
• Neutral Sentiment: Several articles framed Cloudflare as benefiting from rising AI demand and growing investor attention, but these were mostly commentary pieces rather than new hard fundamentals. Cloudflare (NYSE:NET): Is AI Demand Fueling Fresh Market Attention?
• Negative Sentiment: CEO Matthew Prince sold 52,384 shares in two disclosed transactions under a pre-arranged 10b5-1 plan. While routine, insider selling can still create some near-term pressure on sentiment. SEC filing for Matthew Prince transaction
• Negative Sentiment: A second CEO sale of the same size was also disclosed, adding to investor focus on insider selling even though it was executed under a planned trading program. SEC filing for Matthew Prince transaction

Analysts Set New Price Targets

A number of research analysts have weighed in on NET shares. Royal Bank Of Canada lifted their price target on shares of Cloudflare from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. UBS Group increased their price objective on shares of Cloudflare from $220.00 to $250.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 10th. Stifel Nicolaus set a $260.00 target price on shares of Cloudflare in a research note on Friday, May 8th. Susquehanna lifted their target price on shares of Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, The Goldman Sachs Group cut shares of Cloudflare from a “buy” rating to a “sell” rating in a research report on Wednesday, April 15th. Twenty-one research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $241.35.

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.