Matthew Prince Sells 52,422 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,422 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $249.09, for a total transaction of $13,057,795.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 Thursday, July 2nd, Matthew Prince sold 33,631 shares of Cloudflare stock. The stock was sold at an average price of $242.24, for a total value of $8,146,773.44.
• On Thursday, July 2nd, Matthew Prince sold 18,752 shares of Cloudflare stock. The stock was 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 shares were sold at an average price of $224.30, for a total transaction 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 transaction 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 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 value of $147,365.58.

Cloudflare Price Performance

NYSE:NET opened at $269.56 on Wednesday. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month high of $276.82. The firm has a market capitalization of $95.28 billion, a price-to-earnings ratio of -1,078.22, a P/E/G ratio of 249.32 and a beta of 1.67. The stock’s 50 day moving average price is $228.18 and its two-hundred day moving average price is $205.84. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 1.29.

Cloudflare (NYSE:NET) last issued its 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. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company 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 EPS. The firm’s revenue for the quarter 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. On average, analysts anticipate that Cloudflare, Inc. will post 0.02 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on NET. KeyCorp restated an “overweight” rating on shares of Cloudflare in a research note on Wednesday, June 10th. Mizuho increased their price target on shares of Cloudflare from $235.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. The Goldman Sachs Group downgraded shares of Cloudflare from a “buy” rating to a “sell” rating in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft upgraded Cloudflare to a “buy” rating in a report on Tuesday. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $136.00 target price on shares of Cloudflare in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $244.23.

Hedge Funds Weigh In On Cloudflare

Several hedge funds have recently bought and sold shares of the company. Wiser Advisor Group LLC acquired a new stake in shares of Cloudflare during the 3rd quarter worth approximately $26,000. HM Payson & Co. acquired a new position in Cloudflare during the fourth quarter valued at approximately $25,000. CX Institutional raised its position in Cloudflare by 49.4% during the second quarter. CX Institutional now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 44 shares in the last quarter. Wexford Capital LP bought a new stake in Cloudflare during the third quarter worth $30,000. Finally, Ameriflex Group Inc. lifted its stake in Cloudflare by 105.6% during the third quarter. Ameriflex Group Inc. now owns 148 shares of the company’s stock worth $32,000 after purchasing an additional 76 shares during the last quarter. 82.68% of the stock is owned by institutional investors.

Key Cloudflare News

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 stronger conviction in the company’s growth outlook. Scotiabank Upgrades Cloudflare (NYSE:NET) to Sector Outperform
• Positive Sentiment: Recent commentary highlighted Cloudflare’s AI-related opportunity, including new classifications, enhanced analytics, and commercial partnerships aimed at helping site owners and AI companies monetize and manage traffic more effectively. Why Cloudflare (NET) Stock Is Trading Up Today
• Neutral Sentiment: CEO Matthew Prince and director John Graham-Cumming disclosed stock sales under pre-arranged Rule 10b5-1 plans. These trades are large, but they were automatic and do not necessarily signal a change in business fundamentals.

Cloudflare Company Profile

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.