Cloudflare (NYSE:NET) CEO Sells $8,146,773.44 in Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 33,631 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $242.24, for a total transaction of $8,146,773.44. The transaction was disclosed in a filing with the SEC, which can be accessed 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 Monday, July 6th, Matthew Prince sold 52,383 shares of Cloudflare stock. The shares were sold at an average price of $247.28, for a total value of $12,953,268.24.
• 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 shares were 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 value 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 Stock Up 2.1%

Shares of NYSE NET opened at $247.46 on Tuesday. The firm’s fifty day moving average is $226.93 and its 200 day moving average is $205.29. Cloudflare, Inc. has a 52 week low of $158.83 and a 52 week 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 cap of $87.47 billion, a price-to-earnings ratio of -989.84, a PEG ratio of 244.14 and a beta of 1.67.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $639.75 million during the quarter, compared to analysts’ expectations of $620.83 million. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The firm’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 company posted $0.16 EPS. Cloudflare has set its FY 2026 guidance at 1.190-1.200 EPS and its Q2 2026 guidance at 0.270-0.270 EPS. On average, equities research analysts expect that Cloudflare, Inc. will post 0.02 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Empowered Funds LLC lifted its stake in shares of Cloudflare by 34.2% in the 1st quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock valued at $750,000 after purchasing an additional 1,696 shares during the period. Sivia Capital Partners LLC bought a new position in Cloudflare in the second quarter worth $424,000. Cerity Partners LLC raised its holdings in Cloudflare by 30.1% in the second quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock worth $5,391,000 after purchasing an additional 6,363 shares in the last quarter. Sei Investments Co. lifted its position in Cloudflare by 40.1% during the second quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock valued at $64,432,000 after buying an additional 94,112 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in Cloudflare by 14.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock valued at $3,224,000 after buying an additional 2,093 shares during the period. Institutional investors own 82.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NET. KeyCorp restated an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. Zacks Research upgraded Cloudflare from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Susquehanna upped their target price on Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, May 11th. New Street Research reaffirmed a “market outperform” rating on shares of Cloudflare in a research note on Monday, June 15th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $230.00 price target (up from $224.00) on shares of Cloudflare in a report on Wednesday, June 10th. Twenty-two research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.23.

Key Stories Impacting 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.

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.