Cloudflare (NYSE:NET) CEO Sells $11,749,731.20 in Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,384 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $224.30, for a total value of $11,749,731.20. The sale was disclosed in a filing with the SEC, which is accessible through 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, 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 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 value 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 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 stock was sold at an average price of $223.62, for a total transaction of $147,365.58.

Cloudflare Price Performance

Shares of NET stock opened at $237.06 on Friday. Cloudflare, Inc. has a 1 year low of $158.83 and a 1 year high of $276.82. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. The firm’s 50 day moving average is $222.06 and its 200-day moving average is $203.62. The firm has a market capitalization of $83.79 billion, a price-to-earnings ratio of -948.24, a PEG ratio of 228.27 and a beta of 1.70.

Cloudflare (NYSE:NET) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Cloudflare had a negative net margin of 3.72% and a negative return on equity of 5.65%. The business had revenue of $639.75 million during the quarter, compared to analyst estimates of $620.83 million. During the same quarter last year, the business posted $0.16 earnings per share. Cloudflare’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. Sell-side analysts forecast that Cloudflare, Inc. will post 0.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NET. Royal Bank Of Canada boosted their target price on Cloudflare from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $136.00 price objective on shares of Cloudflare in a research report on Wednesday, June 10th. Susquehanna boosted their price objective on Cloudflare from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Guggenheim restated a “sell” rating and set a $140.00 target price on shares of Cloudflare in a research report on Wednesday, June 10th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $270.00 target price on shares of Cloudflare in a research note on Monday, June 15th. Twenty-one analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $241.35.

Institutional Investors Weigh In On Cloudflare

A number of institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. lifted its stake in Cloudflare by 135.1% in the first quarter. Pacer Advisors Inc. now owns 583 shares of the company’s stock valued at $120,000 after buying an additional 335 shares during the period. Wealth High Governance Capital Ltda acquired a new position in shares of Cloudflare during the 1st quarter worth about $8,688,000. Wealth High Governance Asset Management Ltda. acquired a new position in shares of Cloudflare during the 1st quarter worth about $7,384,000. FAS Wealth Partners Inc. increased its stake in shares of Cloudflare by 4.4% in the 1st quarter. FAS Wealth Partners Inc. now owns 6,671 shares of the company’s stock valued at $1,376,000 after acquiring an additional 283 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Cloudflare by 8.0% in the 1st quarter. Parallel Advisors LLC now owns 5,510 shares of the company’s stock valued at $1,137,000 after acquiring an additional 406 shares during the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

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.