Cloudflare (NYSE:NET) CEO Sells $11,414,997.44 in Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $217.91, for a total transaction of $11,414,997.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, June 24th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were 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 shares were 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 stock was 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 Monday, April 6th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $210.02, for a total transaction 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 transaction of $147,365.58.

Cloudflare Trading Down 1.0%

Shares of NYSE:NET traded down $2.31 during trading on Wednesday, reaching $222.63. The company’s stock had a trading volume of 2,277,739 shares, compared to its average volume of 3,915,500. 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 12 month low of $158.83 and a 12 month high of $276.82. The firm’s 50 day simple moving average is $220.16 and its two-hundred day simple moving average is $203.20. The stock has a market capitalization of $78.69 billion, a PE ratio of -890.53, a price-to-earnings-growth ratio of 226.55 and a beta of 1.70.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS 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 analyst estimates of $620.83 million. During the same quarter last year, the business posted $0.16 earnings per share. The firm’s revenue was up 33.5% on a year-over-year basis. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, research analysts predict that Cloudflare, Inc. will post 0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Cloudflare

Several hedge funds and other institutional investors have recently modified their holdings of NET. Lingotto Investment Management LLP purchased a new position in shares of Cloudflare in the 4th quarter valued at $34,626,000. Trek Financial LLC purchased a new stake in shares of Cloudflare during the 4th quarter worth $1,793,000. Jupiter Asset Management Ltd. boosted its position in Cloudflare by 1,984.7% during the fourth quarter. Jupiter Asset Management Ltd. now owns 197,710 shares of the company’s stock valued at $38,979,000 after purchasing an additional 188,226 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Cloudflare by 25.8% during 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 purchasing an additional 336,768 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in Cloudflare during the fourth quarter valued at about $5,543,000. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NET. BTIG Research boosted their target price on Cloudflare from $243.00 to $269.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. TD Cowen reaffirmed a “buy” rating on shares of Cloudflare in a research note on Wednesday, June 10th. Susquehanna boosted their price objective on shares of Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. New Street Research reissued a “market outperform” rating on shares of Cloudflare in a research note on Monday, June 15th. Finally, Citigroup restated a “market outperform” rating on shares of Cloudflare in a report on Monday, June 15th. Twenty-one equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus price target 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.