Matthew Prince Sells 52,384 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,384 shares of the business’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $224.30, for a total transaction of $11,749,731.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 value of $11,414,997.44.
• 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 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 stock was sold at an average price of $213.59, for a total value 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 value of $11,001,687.68.
• 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 value of $147,365.58.

Cloudflare Price Performance

NET stock opened at $226.28 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a market capitalization of $79.98 billion, a P/E ratio of -905.10, a P/E/G ratio of 172.56 and a beta of 1.70. The business’s 50-day moving average is $221.11 and its two-hundred day moving average is $203.38. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $276.82.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $639.75 million during the quarter, compared to the consensus estimate of $620.83 million. During the same period in the previous year, the company posted $0.16 earnings per share. The business’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. Analysts anticipate that Cloudflare, Inc. will post 0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. HM Payson & Co. purchased a new stake in Cloudflare in the fourth quarter valued at approximately $25,000. Wiser Advisor Group LLC purchased a new position in shares of Cloudflare during the third quarter worth approximately $26,000. Wexford Capital LP purchased a new position in shares of Cloudflare during the third quarter worth approximately $30,000. Ameriflex Group Inc. increased its holdings in shares of Cloudflare by 105.6% in the 3rd quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock valued at $32,000 after acquiring an additional 76 shares during the period. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Cloudflare by 55.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock valued at $34,000 after acquiring an additional 56 shares during the period. Hedge funds and other institutional investors own 82.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Cloudflare in a research report on Monday, April 20th. Piper Sandler reiterated an “overweight” rating on shares of Cloudflare in a research note on Wednesday, June 10th. Morgan Stanley reissued an “overweight” rating and issued a $305.00 target price on shares of Cloudflare in a report on Thursday, June 4th. Truist Financial raised their price target on Cloudflare from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Finally, Guggenheim reaffirmed a “sell” rating and set a $140.00 price target on shares of Cloudflare in a report on Wednesday, June 10th. Twenty-one research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Cloudflare currently has an average rating of “Moderate Buy” and an average target price of $241.35.

Trending Headlines about Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare launched a browser initiative with Mozilla, Google, and Microsoft to help standardize privacy-preserving ways to distinguish human traffic from AI/bot traffic, underscoring its relevance in a fast-growing internet security problem. Cloudflare (NET) Launches Browser Push To Sort Human And AI Traffic
• Positive Sentiment: Cloudflare and beehiiv introduced AI Crawl Controls for publishers, giving creators simple tools to allow or block AI scraping; this supports Cloudflare’s AI content-control strategy and could help drive adoption of its tools. How Investors May Respond To Cloudflare (NET) Giving Creators One-Click Control Over AI Content Scraping
• Positive Sentiment: Recent commentary continues to frame Cloudflare as an AI beneficiary, which is keeping investor attention elevated and helping sentiment around the name. Cloudflare (NYSE:NET): Is AI Demand Fueling Fresh Market Attention?
• Neutral Sentiment: Cloudflare’s shares also got a modest lift after trading held up despite a weaker market session, suggesting relative strength rather than a single major catalyst. Cloudflare (NET) Increases Despite Market Slip: Here’s What You Need to Know
• Negative Sentiment: CEO Matthew Prince disclosed two large stock sales under a pre-arranged 10b5-1 plan, which is routine but can still weigh on sentiment in the near term. SEC filing for Matthew Prince transaction
• Negative Sentiment: A second disclosed CEO sale added to the focus on insider selling, even though it was also executed through a planned trading program. SEC filing for Matthew Prince transaction

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.