Insider Selling: Cloudflare (NYSE:NET) CEO Sells $9,925,196.48 in Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $189.47, for a total value of $9,925,196.48. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, January 6th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $194.77, for a total value of $10,202,831.68.
• On Friday, December 5th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $201.23, for a total value of $10,541,232.32.
• On Wednesday, December 3rd, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $202.19, for a total value of $10,591,520.96.
• On Wednesday, November 19th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $195.32, for a total transaction of $10,231,642.88.
• On Monday, November 17th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $204.76, for a total transaction of $10,726,147.84.
• On Thursday, October 16th, Matthew Prince sold 52,277 shares of Cloudflare stock. The stock was sold at an average price of $213.94, for a total transaction of $11,184,141.38.
• On Tuesday, October 14th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $215.51, for a total transaction of $11,289,275.84.
• On Thursday, October 16th, Matthew Prince sold 107 shares of Cloudflare stock. The stock was sold at an average price of $220.79, for a total transaction of $23,624.53.

Cloudflare Stock Down 2.3%

Shares of NYSE:NET opened at $182.67 on Friday. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00. The company has a market capitalization of $63.98 billion, a PE ratio of -608.88, a price-to-earnings-growth ratio of 120.22 and a beta of 1.96. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. The company has a fifty day moving average of $204.90 and a 200-day moving average of $206.56.

Cloudflare (NYSE:NET) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. Cloudflare had a negative return on equity of 6.54% and a negative net margin of 5.12%.The company had revenue of $562.03 million for the quarter, compared to the consensus estimate of $544.65 million. During the same quarter last year, the business posted $0.20 EPS. Cloudflare’s revenue for the quarter was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. On average, equities analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NET. Royal Bank Of Canada boosted their target price on shares of Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Citizens Jmp boosted their price objective on shares of Cloudflare from $250.00 to $270.00 and gave the stock a “market outperform” rating in a research note on Friday, October 31st. Scotiabank raised their target price on Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Cantor Fitzgerald lifted their target price on Cloudflare from $199.00 to $224.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Finally, Oppenheimer initiated coverage on Cloudflare in a research note on Monday, November 10th. They issued an “outperform” rating and a $260.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Cloudflare currently has an average rating of “Moderate Buy” and a consensus price target of $233.70.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. lifted its stake in shares of Cloudflare by 23.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 9,859 shares of the company’s stock valued at $1,944,000 after purchasing an additional 1,848 shares during the period. Capital CS Group LLC acquired a new stake in Cloudflare during the fourth quarter worth approximately $559,000. Teamwork Financial Advisors LLC grew its stake in Cloudflare by 2,896.6% during the fourth quarter. Teamwork Financial Advisors LLC now owns 64,248 shares of the company’s stock worth $12,666,000 after purchasing an additional 62,104 shares during the period. Wedmont Private Capital increased its holdings in Cloudflare by 3.2% in the fourth quarter. Wedmont Private Capital now owns 5,348 shares of the company’s stock worth $1,085,000 after purchasing an additional 166 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Cloudflare by 1.9% in the fourth quarter. Nordea Investment Management AB now owns 45,032 shares of the company’s stock valued at $8,989,000 after buying an additional 858 shares during the period. 82.68% of the stock is owned by institutional investors.

Trending Headlines about Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare beat revenue and EPS expectations last quarter and reiterated FY‑2025 guidance, supporting the company’s growth story and helping underpin investor confidence. Cloudflare (NET) Ascends While Market Falls
• Positive Sentiment: Several sell‑side firms still rate NET favorably (multiple recent raises/overweight opinions and a moderate‑buy consensus), which provides a supportive analyst backdrop for longer‑term holders. MarketBeat: NET analyst coverage
• Neutral Sentiment: Institutional activity and liquidity remain elevated (many funds adjusting positions); this can amplify moves but doesn’t by itself indicate direction. MarketBeat: NET insider & institutional activity
• Negative Sentiment: CEO Matthew Prince sold a large block (52,384 shares) this week (and has executed multiple large sales since November), a pattern that often triggers short‑term selling pressure and investor concern about insider liquidity. Insider Selling: Matthew Prince
• Negative Sentiment: Additional director sales were reported this week (several filings totaling smaller but still notable amounts), which can amplify the negative sentiment from the CEO’s transactions. Director Sells $504,680.40 Director Sells $1,216,126.84
• Negative Sentiment: Piper Sandler reduced its price target (reported this week), which narrows perceived upside and can weigh on sentiment for momentum or value‑targeted investors. Price Target Lowered to $220
• Negative Sentiment: A public dispute with LaLiga alleging Cloudflare “ignores illegal content” introduces reputational and potential policy/regulatory risk that could require management time or costly responses. Spanish soccer league battles Cloudflare over piracy

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.