Matthew Prince Sells 52,383 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,383 shares of Cloudflare stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $247.28, for a total transaction of $12,953,268.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Thursday, July 2nd, Matthew Prince sold 33,631 shares of Cloudflare stock. The shares were sold at an average price of $242.24, for a total value of $8,146,773.44.
• On Wednesday, July 1st, Matthew Prince sold 52,422 shares of Cloudflare stock. The stock was sold at an average price of $249.09, for a total value of $13,057,795.98.
• On Thursday, July 2nd, Matthew Prince sold 18,752 shares of Cloudflare stock. The shares were sold at an average price of $242.24, for a total value of $4,542,484.48.
• On Monday, June 22nd, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $217.91, for a total value 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 value 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 value 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 value of $10,694,193.60.
• On Wednesday, April 8th, Matthew Prince sold 51,725 shares of Cloudflare stock. The shares were 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 stock was sold at an average price of $223.62, for a total transaction of $147,365.58.

Cloudflare Price Performance

NET opened at $269.56 on Wednesday. The firm has a 50-day moving average price of $228.18 and a 200-day moving average price of $205.84. Cloudflare, Inc. has a twelve month low of $158.83 and a twelve month high of $276.82. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $95.28 billion, a price-to-earnings ratio of -1,078.22, a PEG ratio of 249.32 and a beta of 1.67.

Cloudflare (NYSE:NET) last released its quarterly earnings data 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 net margin of 3.72% and a negative return on equity of 5.65%. The company had revenue of $639.75 million during the quarter, compared to the consensus estimate of $620.83 million. During the same period last year, the firm earned $0.16 EPS. Cloudflare’s revenue for the quarter 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. Equities analysts expect that Cloudflare, Inc. will post 0.02 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on NET. Benchmark lowered Cloudflare to an “underperform” rating in a research note on Tuesday. Truist Financial lifted their target price on Cloudflare from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Royal Bank Of Canada upped their price target on Cloudflare from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Piper Sandler reissued an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. Finally, Jefferies Financial Group lowered shares of Cloudflare from a “buy” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Cloudflare presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.23.

Institutional Trading of Cloudflare

Institutional investors have recently added to or reduced their stakes in the business. HM Payson & Co. bought a new stake in shares of Cloudflare in the 4th quarter valued at about $25,000. Wiser Advisor Group LLC bought a new position in Cloudflare during the 3rd quarter worth approximately $26,000. Wexford Capital LP purchased a new position in Cloudflare in the 3rd quarter worth approximately $30,000. Ameriflex Group Inc. lifted its position in Cloudflare by 105.6% in the third quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock valued at $32,000 after purchasing an additional 76 shares during the last quarter. Finally, CX Institutional boosted its stake in shares of Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 44 shares during the period. 82.68% of the stock is currently owned by hedge funds and other institutional investors.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Scotiabank upgraded Cloudflare to Sector Outperform and lifted its price target to $300, signaling stronger conviction in the company’s growth outlook. Scotiabank Upgrades Cloudflare (NYSE:NET) to Sector Outperform
• Positive Sentiment: Recent commentary highlighted Cloudflare’s AI-related opportunity, including new classifications, enhanced analytics, and commercial partnerships aimed at helping site owners and AI companies monetize and manage traffic more effectively. Why Cloudflare (NET) Stock Is Trading Up Today
• Neutral Sentiment: CEO Matthew Prince and director John Graham-Cumming disclosed stock sales under pre-arranged Rule 10b5-1 plans. These trades are large, but they were automatic and do not necessarily signal a change in business fundamentals.

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.