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

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,384 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $217.91, for a total value of $11,414,997.44. The transaction was disclosed in a legal filing with the SEC, which is available at 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 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 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 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 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 transaction 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 transaction of $147,365.58.

Cloudflare Price Performance

Cloudflare stock opened at $226.28 on Friday. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $276.82. The firm has a 50 day moving average price of $221.11 and a 200 day moving average price of $203.38. The company has a market cap of $79.98 billion, a price-to-earnings ratio of -905.10, a PEG ratio of 172.56 and a beta of 1.70. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $639.75 million during the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. Cloudflare’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 earnings per share. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. Sell-side analysts predict that Cloudflare, Inc. will post 0.03 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on NET. TD Cowen reaffirmed a “buy” rating on shares of Cloudflare in a research report on Wednesday, June 10th. Susquehanna upped their price target on Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Mizuho raised their price objective on Cloudflare from $235.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research note on Monday, April 20th. Finally, Zacks Research upgraded Cloudflare from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. Twenty-one investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $241.35.

Cloudflare News Summary

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

Institutional Trading of Cloudflare

A number of institutional investors have recently added to or reduced their stakes in NET. Vanguard Group Inc. raised its position in Cloudflare by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company’s stock valued at $6,389,167,000 after purchasing an additional 90,397 shares during the period. Geode Capital Management LLC lifted its stake in shares of Cloudflare by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company’s stock worth $1,184,044,000 after purchasing an additional 241,981 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Cloudflare by 135.8% in the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company’s stock worth $906,758,000 after buying an additional 2,530,872 shares during the period. First Trust Advisors LP grew its stake in shares of Cloudflare by 1.6% in the fourth quarter. First Trust Advisors LP now owns 4,019,157 shares of the company’s stock valued at $792,377,000 after buying an additional 63,198 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Cloudflare by 1.3% in the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company’s stock valued at $850,792,000 after buying an additional 49,485 shares in the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.

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.