Cloudflare (NYSE:NET) CEO Sells $8,484,714.42 in Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 38,766 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $218.87, for a total transaction of $8,484,714.42. Following the completion of the transaction, the chief executive officer owned 13,618 shares of the company’s stock, valued at approximately $2,980,571.66. This trade represents a 74.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, March 16th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $209.08, for a total value of $10,952,446.72.
• On Wednesday, March 18th, Matthew Prince sold 13,618 shares of Cloudflare stock. The shares were sold at an average price of $227.80, for a total value of $3,102,180.40.
• On Thursday, February 26th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $173.78, for a total value of $9,103,291.52.
• On Tuesday, February 24th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $164.15, for a total transaction of $8,598,833.60.
• 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 transaction of $9,925,196.48.
• On Tuesday, January 6th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $194.77, for a total transaction of $10,202,831.68.

Cloudflare Trading Up 6.6%

Shares of NET traded up $13.93 during mid-day trading on Wednesday, hitting $225.45. 5,965,172 shares of the company were exchanged, compared to its average volume of 3,931,818. Cloudflare, Inc. has a 1-year low of $89.42 and a 1-year high of $260.00. The company has a 50 day moving average of $186.34 and a 200-day moving average of $203.14. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.35.

Cloudflare (NYSE:NET) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. Cloudflare had a negative return on equity of 7.24% and a negative net margin of 4.72%.The company had revenue of $614.51 million for the quarter, compared to analysts’ expectations of $591.67 million. During the same period in the previous year, the firm posted $0.19 EPS. Cloudflare’s revenue was up 33.6% compared to the same quarter last year. Equities analysts forecast that Cloudflare, Inc. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

NET has been the topic of a number of research reports. Citigroup raised their price objective on Cloudflare from $260.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, February 12th. DZ Bank upgraded shares of Cloudflare from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a research report on Friday, February 13th. Needham & Company LLC decreased their price target on shares of Cloudflare from $285.00 to $250.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Wells Fargo & Company upped their price target on Cloudflare from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Finally, BTIG Research increased their price target on Cloudflare from $199.00 to $243.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $233.38.

Cloudflare News Roundup

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Order-flow bullish signal (“Power Inflow”) triggered, drawing momentum and institutional order-flow buying that can accelerate short-term moves. Cloudflare Shares Rise Nearly 7% After Key Trading Signal
• Positive Sentiment: AI/enterprise growth narrative: analysts and commentators point to rising AI-driven network activity, bigger enterprise deals, and Cloudflare’s edge/AI positioning as the fundamental rationale for upside. Cloudflare shares rise as AI/enterprise growth narrative keeps gaining traction
• Positive Sentiment: Technology/edge angle: coverage calling Cloudflare well positioned for AI at the edge has added retail/momentum interest. Cloudflare Surges 8%: NVIDIA’s AI Boom Is Coming for the Edge and This Stock Is Ready
• Neutral Sentiment: Analyst/target activity is supportive (multiple buy/outperform ratings and elevated median targets) but analysts’ estimates still reflect near-term profitability headwinds—so impact is mixed. Analyst Coverage Summary
• Negative Sentiment: CEO Matthew Prince executed large open-market sales this week (multiple filings) that materially reduced his direct stake — a signal some investors interpret as a near-term negative. SEC Form 4 — Matthew Prince
• Negative Sentiment: CFO Thomas Seifert also sold shares (SEC filing), and data show heavy insider selling activity across the company lately — this can weigh on sentiment if investors read it as insiders cashing out. CFO Sale / Insider Trades

Hedge Funds Weigh In On Cloudflare

A number of hedge funds have recently modified their holdings of the business. Stance Capital LLC boosted its position in shares of Cloudflare by 10.7% during the fourth quarter. Stance Capital LLC now owns 6,721 shares of the company’s stock worth $1,325,000 after buying an additional 650 shares during the period. Osbon Capital Management LLC acquired a new position in Cloudflare during the 4th quarter worth about $2,456,000. Fund Advisors of America Inc FL acquired a new position in Cloudflare during the 4th quarter worth about $1,900,000. Spear Advisors LLC purchased a new position in Cloudflare during the 4th quarter valued at about $5,844,000. Finally, World Investment Advisors purchased a new position in Cloudflare during the 4th quarter valued at about $225,000. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

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.