Cloudflare (NYSE:NET) CEO Sells $10,694,193.60 in Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $204.15, for a total transaction of $10,694,193.60. Following the completion of the sale, the chief executive officer owned 25,550 shares in the company, valued at $5,216,032.50. This represents a 67.22% decrease in their ownership of the stock. The transaction was disclosed in a 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 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 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 transaction of $11,047,942.75.
• On Monday, April 6th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were 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 transaction of $147,365.58.
• On Wednesday, March 18th, Matthew Prince sold 38,766 shares of Cloudflare stock. The shares were sold at an average price of $218.87, for a total transaction of $8,484,714.42.
• On Monday, March 16th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $209.08, for a total transaction of $10,952,446.72.
• On Wednesday, March 18th, Matthew Prince sold 13,618 shares of Cloudflare stock. The shares were sold at an average price of $227.80, for a total transaction of $3,102,180.40.
• On Thursday, February 26th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $173.78, for a total transaction of $9,103,291.52.
• On Tuesday, February 24th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $164.15, for a total transaction of $8,598,833.60.

Cloudflare Stock Up 1.7%

NYSE:NET opened at $216.24 on Friday. Cloudflare, Inc. has a fifty-two week low of $154.93 and a fifty-two week high of $260.00. The stock has a market capitalization of $76.43 billion, a P/E ratio of -864.96 and a beta of 1.67. 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 company’s 50-day simple moving average is $207.69 and its 200-day simple moving average is $199.35.

Cloudflare (NYSE:NET) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $639.76 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 was up 33.5% on a year-over-year basis. During the same period last year, the firm 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.

Analyst Upgrades and Downgrades

NET has been the subject of several research analyst reports. The Goldman Sachs Group lowered shares of Cloudflare from a “buy” rating to a “sell” rating in a research report on Wednesday, April 15th. Jefferies Financial Group initiated coverage on shares of Cloudflare in a research report on Wednesday, April 15th. They issued a “buy” rating for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $250.00 price objective (up from $222.00) on shares of Cloudflare in a research report on Friday, May 8th. Stifel Nicolaus set a $260.00 price objective on shares of Cloudflare in a research report on Friday, May 8th. Finally, Morgan Stanley set a $245.00 price objective on shares of Cloudflare in a research report on Wednesday, February 11th. Eighteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $236.68.

More Cloudflare News

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Cloudflare announced a collaboration with Anthropic to launch Cloudflare Environments for Claude Managed Agents, a move that strengthens its position in AI infrastructure and could open a new growth avenue for its platform. Cloudflare (NET) Stock Trades Up, Here Is Why
• Positive Sentiment: Coverage highlighting Cloudflare as a beneficiary of the AI and big-data buildout is supporting investor optimism and reinforcing the company’s long-term growth narrative. Why Cloudflare Russell 1000 Momentum Is Rising?
• Neutral Sentiment: The latest earnings report was solid, with Cloudflare beating both EPS and revenue estimates, but investors are still balancing strong growth against ongoing losses and a premium valuation.
• Negative Sentiment: Recent insider sales by CEO Matthew Prince, CAO Janel Riley, and CFO Thomas J. Seifert may create some short-term caution, even though the trades were made under pre-arranged 10b5-1 plans and do not necessarily signal a change in outlook.

Institutional Trading of Cloudflare

Several large investors have recently made changes to their positions in the business. Frank Rimerman Advisors LLC boosted its holdings in shares of Cloudflare by 1.8% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 2,821 shares of the company’s stock valued at $605,000 after acquiring an additional 51 shares during the last quarter. Quadrant Private Wealth Management LLC boosted its holdings in shares of Cloudflare by 3.2% in the 1st quarter. Quadrant Private Wealth Management LLC now owns 1,653 shares of the company’s stock valued at $341,000 after acquiring an additional 51 shares during the last quarter. Essential Partners LLC boosted its holdings in shares of Cloudflare by 14.5% in the 1st quarter. Essential Partners LLC now owns 402 shares of the company’s stock valued at $83,000 after acquiring an additional 51 shares during the last quarter. Jamison Private Wealth Management Inc. boosted its holdings in shares of Cloudflare by 2.6% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 2,064 shares of the company’s stock valued at $426,000 after acquiring an additional 52 shares during the last quarter. Finally, Revisor Wealth Management LLC boosted its holdings in shares of Cloudflare by 4.0% in the 1st quarter. Revisor Wealth Management LLC now owns 1,390 shares of the company’s stock valued at $287,000 after acquiring an additional 53 shares during 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.