Cloudflare (NYSE:NET) CEO Sells $12,953,268.24 in Stock

Posted by ABMN Staff on Jul 7th, 2026

Cloudflare, Inc. (NYSE:NET – Get Free Report) CEO Matthew Prince sold 52,383 shares of the stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available 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 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 shares were 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 transaction of $4,542,484.48.
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 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 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 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 Price Performance

Shares of NYSE NET opened at $247.46 on Tuesday. 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 twelve month low of $158.83 and a twelve month high of $276.82. The business has a 50 day simple moving average of $226.93 and a 200-day simple moving average of $205.29. The company has a market capitalization of $87.47 billion, a price-to-earnings ratio of -989.84, a price-to-earnings-growth ratio of 244.14 and a beta of 1.67.

Cloudflare (NYSE:NET – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $620.83 million. During the same period in the prior year, the company earned $0.16 earnings per share. The firm’s 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, equities research analysts expect that Cloudflare, Inc. will post 0.02 earnings per share for the current year.

Institutional Investors Weigh In On Cloudflare

A number of large investors have recently bought and sold shares of NET. RDA Financial Network lifted its position in shares of Cloudflare by 8.2% in the second quarter. RDA Financial Network now owns 16,350 shares of the company’s stock worth $4,010,000 after buying an additional 1,238 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Cloudflare by 84.1% during the 2nd quarter. Versant Capital Management Inc now owns 1,169 shares of the company’s stock valued at $287,000 after acquiring an additional 534 shares during the last quarter. CX Institutional increased its holdings in shares of Cloudflare by 49.4% during the 2nd quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 44 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Cloudflare by 135.1% in the 1st quarter. Pacer Advisors Inc. now owns 583 shares of the company’s stock valued at $120,000 after acquiring an additional 335 shares in the last quarter. Finally, Wealth High Governance Capital Ltda bought a new position in shares of Cloudflare in the 1st quarter valued at approximately $8,688,000. 82.68% of the stock is currently owned by institutional investors.

Trending Headlines about Cloudflare

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 improved confidence in the company’s growth outlook. Scotiabank Upgrades Cloudflare (NYSE:NET) to Sector Outperform
Positive Sentiment: Recent coverage highlighted Cloudflare as a high-growth cybersecurity stock, helped by its July 1 announcement of new classifications, enhanced analytics, and commercial partnerships tied to transparent AI companies, which could support future monetization and demand. Is Cloudflare (NET) the Best High Growth Cybersecurity Stock to Buy Now?
Neutral Sentiment: CEO Matthew Prince disclosed multiple stock sales under a pre-arranged Rule 10b5-1 plan. While the sales were sizable, they were automatic and do not necessarily indicate a change in the company’s fundamentals.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NET shares. Royal Bank Of Canada lifted their price target on Cloudflare from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Sanford C. Bernstein reissued a “market perform” rating and issued a $136.00 price target on shares of Cloudflare in a report on Wednesday, June 10th. Barclays reissued an “overweight” rating and set a $250.00 price objective on shares of Cloudflare in a research note on Monday, June 1st. Needham & Company LLC raised their target price on shares of Cloudflare from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, TD Cowen reiterated a “buy” rating on shares of Cloudflare in a report on Wednesday, June 10th. Twenty-two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Cloudflare has a consensus rating of “Moderate Buy” and an average price target of $244.23.

View Our Latest Analysis on Cloudflare

Cloudflare Company Profile

(Get Free Report)

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.