Matthew Prince Sells 33,631 Shares of Cloudflare (NYSE:NET) Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 33,631 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $242.24, for a total value of $8,146,773.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Monday, July 6th, Matthew Prince sold 52,383 shares of Cloudflare stock. The stock was 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 shares were 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 transaction of $4,542,484.48.
• On Monday, June 22nd, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was 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 stock was 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 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 transaction of $147,365.58.

Cloudflare Stock Up 8.9%

Shares of NYSE NET opened at $269.56 on Wednesday. Cloudflare, Inc. has a 52-week low of $158.83 and a 52-week high of $276.82. The firm has a fifty day moving average of $228.18 and a 200-day moving average of $205.84. The stock has a market capitalization of $95.28 billion, a PE ratio of -1,078.22, a P/E/G ratio of 249.32 and a beta of 1.67. 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 earnings per share 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 period last year, the company posted $0.16 EPS. The business’s quarterly 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. On average, analysts anticipate that Cloudflare, Inc. will post 0.02 EPS for the current year.

More 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.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NET. BTIG Research boosted their target price on Cloudflare from $243.00 to $269.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. KeyCorp reaffirmed an “overweight” rating on shares of Cloudflare in a research report on Wednesday, June 10th. Stifel Nicolaus set a $260.00 price objective on shares of Cloudflare in a research note on Friday, May 8th. Susquehanna increased their price objective on shares of Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, Piper Sandler reissued an “overweight” rating on shares of Cloudflare in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $244.23.

Hedge Funds Weigh In On Cloudflare

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Cloudflare in the 4th quarter worth about $718,316,000. Jennison Associates LLC raised its holdings 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 valued at $906,758,000 after buying an additional 2,530,872 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Cloudflare by 4,042.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock valued at $275,887,000 after buying an additional 1,365,598 shares during the last quarter. Groupama Asset Managment lifted its position in Cloudflare by 82.6% during the 3rd 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 increased its position in Cloudflare by 697.5% in the 1st quarter. Swedbank AB now owns 927,606 shares of the company’s stock valued at $191,402,000 after acquiring an additional 811,297 shares in the last quarter. 82.68% of the stock is owned by institutional investors.

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.