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

Cloudflare, Inc. (NYSE:NET - Get Free Report) CEO Matthew Prince sold 52,384 shares of the company's stock in a transaction on Monday, March 16th. The shares were sold at an average price of $209.08, for a total transaction of $10,952,446.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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Matthew Prince also recently made the following trade(s):

• On Wednesday, March 18th, Matthew Prince sold 38,766 shares of Cloudflare stock. The stock was sold at an average price of $218.87, for a total value of $8,484,714.42.
• 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 value of $3,102,180.40.
• On Thursday, February 26th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $173.78, for a total value of $9,103,291.52.
• On Tuesday, February 24th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $164.15, for a total transaction of $8,598,833.60.
• On Thursday, January 8th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $189.47, for a total transaction of $9,925,196.48.
• On Tuesday, January 6th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $194.77, for a total value of $10,202,831.68.

Cloudflare Stock Up 6.6%

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Shares of NET opened at $225.45 on Thursday. Cloudflare, Inc. has a 12-month low of $89.42 and a 12-month high of $260.00. The firm has a fifty day moving average price of $186.34 and a 200-day moving average price of $203.14. The firm has a market capitalization of $78.97 billion, a P/E ratio of -777.39 and a beta of 1.98. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.35.

• MarketBeat Week in Review – 02/09 - 02/13

Cloudflare (NYSE:NET - Get Free Report) last issued its earnings results on Tuesday, February 10th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. The business had revenue of $614.51 million for the quarter, compared to the consensus estimate of $591.67 million. Cloudflare had a negative net margin of 4.72% and a negative return on equity of 7.24%. The company's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 EPS. Equities research analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Institutional Trading of Cloudflare

Institutional investors have recently made changes to their positions in the company. Stance Capital LLC boosted its stake in Cloudflare by 10.7% during the 4th quarter. Stance Capital LLC now owns 6,721 shares of the company's stock worth $1,325,000 after purchasing an additional 650 shares during the last quarter. Osbon Capital Management LLC acquired a new position in Cloudflare in the 4th quarter valued at about $2,456,000. Fund Advisors of America Inc FL purchased a new position in Cloudflare in the fourth quarter worth approximately $1,900,000. Spear Advisors LLC purchased a new position in shares of Cloudflare during the 4th quarter worth $5,844,000. Finally, World Investment Advisors purchased a new position in Cloudflare during the fourth quarter worth about $225,000. 82.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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NET has been the subject of a number of analyst reports. DZ Bank upgraded Cloudflare from a "hold" rating to a "buy" rating and set a $215.00 target price for the company in a report on Friday, February 13th. KeyCorp reiterated an "overweight" rating on shares of Cloudflare in a research note on Wednesday, February 11th. Wolfe Research reaffirmed a "peer perform" rating on shares of Cloudflare in a research report on Monday, January 26th. New Street Research set a $140.00 price objective on shares of Cloudflare in a research note on Wednesday, February 11th. Finally, Mizuho lowered their target price on Cloudflare from $280.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Cloudflare has a consensus rating of "Moderate Buy" and an average target price of $233.38.

Get Our Latest Research Report on Cloudflare

Trending Headlines about Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Reports that Coinbase is planning to use Cloudflare’s infrastructure for a new stablecoin-based AI agent payments project have triggered investor enthusiasm because it ties Cloudflare directly to crypto payments and AI monetization use cases; the story has driven intraday buying and deal speculation. Coinbase competes for Cloudflare deal to build an AI stablecoin
• Positive Sentiment: Cloudflare expanded its security stack partnership with SentinelOne to deliver unified AI-driven threat detection and response, which increases enterprise deal scope and cross‑sell opportunities into larger security contracts. SentinelOne Cloudflare Alliance Targets Unified AI Security And Larger Deals
• Positive Sentiment: Technical and flow signals (Power Inflow alerts and momentum buying) alongside continued bullish commentary around AI-driven edge traffic and enterprise wins have attracted momentum traders and systematic buyers. Cloudflare Shares Rise Nearly 7% After Key Trading Signal
• Neutral Sentiment: Wall Street coverage remains broadly positive (many buy/outperform ratings and a median price target near $250), which supports longer-term investor confidence but is not new catalyst news. Cloudflare shares rise as AI/enterprise growth narrative keeps gaining traction
• Negative Sentiment: Significant insider selling this week (CEO and CFO filings show large share disposals) is a headwind and could keep some investors cautious despite the positive headlines. Cloudflare (NYSE:NET) CFO Sells $2,195,394.30 in Stock

About Cloudflare

(Get Free Report)

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.

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