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

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,384 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $217.91, for a total transaction of $11,414,997.44. The sale was disclosed in a document filed with the SEC, 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 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 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 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 shares were sold at an average price of $223.62, for a total value of $147,365.58.

Cloudflare Price Performance

NYSE:NET opened at $222.63 on Thursday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.96 and a current ratio of 1.96. The stock’s 50-day simple moving average is $220.16 and its 200 day simple moving average is $203.20. The company has a market cap of $78.69 billion, a P/E ratio of -890.53, a P/E/G ratio of 226.55 and a beta of 1.70. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $276.82.

Cloudflare (NYSE:NET) last released its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (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 business had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. Cloudflare’s revenue 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. As a group, sell-side analysts forecast that Cloudflare, Inc. will post 0.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on NET. Stifel Nicolaus set a $260.00 price objective on Cloudflare in a report on Friday, May 8th. Royal Bank Of Canada upped their price target on shares of Cloudflare from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Morgan Stanley reiterated an “overweight” rating and issued a $305.00 price target on shares of Cloudflare in a research note on Thursday, June 4th. Susquehanna lifted their price objective on shares of Cloudflare from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Finally, Barclays restated an “overweight” rating and set a $250.00 price objective on shares of Cloudflare in a research note on Monday, June 1st. Twenty-one investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.35.

Hedge Funds Weigh In On Cloudflare

A number of large investors have recently made changes to their positions in NET. Norges Bank acquired a new stake in Cloudflare during the 4th quarter worth approximately $718,316,000. Jennison Associates LLC increased its position in Cloudflare by 135.8% during the 1st 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. Corient Private Wealth LLC increased its position in Cloudflare by 4,042.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock worth $275,887,000 after buying an additional 1,365,598 shares during the period. Groupama Asset Managment lifted its holdings in shares of Cloudflare by 82.6% during the third quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock worth $450,639,000 after buying an additional 950,000 shares in the last quarter. Finally, Swedbank AB lifted its holdings in shares of Cloudflare by 697.5% during the first quarter. Swedbank AB now owns 927,606 shares of the company’s stock worth $191,402,000 after buying an additional 811,297 shares in the last quarter. Institutional investors own 82.68% of the company’s stock.

Cloudflare News Summary

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare announced a collaboration with Mozilla, Google, and Microsoft to help standardize privacy-preserving methods for distinguishing human traffic from AI/bot traffic, highlighting its role in a major internet infrastructure problem and potentially expanding demand for its security and traffic-management tools. Cloudflare (NET) Launches Browser Push To Sort Human And AI Traffic
• Positive Sentiment: Cloudflare and beehiiv launched AI Crawl Controls for independent publishers, giving creators simple controls over whether AI systems can scrape or discover their content; this strengthens Cloudflare’s AI monetization and content-control strategy. Cloudflare and beehiiv Introduce AI Crawl Controls to Help Independent Publishers Navigate the AI Era
• Positive Sentiment: Brokerage coverage noted a “Moderate Buy” consensus rating, reinforcing that Wall Street remains constructive on Cloudflare’s growth outlook. Cloudflare, Inc. (NYSE:NET) Receives Consensus Rating of “Moderate Buy” from Brokerages
• Neutral Sentiment: Several articles framed Cloudflare as benefiting from rising AI demand and growing investor attention, but these were mostly commentary pieces rather than new hard fundamentals. Cloudflare (NYSE:NET): Is AI Demand Fueling Fresh Market Attention?
• Negative Sentiment: CEO Matthew Prince sold 52,384 shares in two disclosed transactions under a pre-arranged 10b5-1 plan. While routine, insider selling can still create some near-term pressure on sentiment. SEC filing for Matthew Prince transaction
• Negative Sentiment: A second CEO sale of the same size was also disclosed, adding to investor focus on insider selling even though it was executed under 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.