Key Points
- Cloudflare CEO Matthew Prince sold 52,384 shares on May 19 at an average price of $204.15, totaling about $10.7 million. The transaction was made under a pre-arranged 10b5-1 trading plan.
- Prince has made multiple recent stock sales, including several large transactions in March, April, and May, reducing his ownership by 67.22% in this latest sale. Other executives, including the CFO and CAO, also reportedly sold shares recently.
- Cloudflare’s stock was trading up 1.1% at $212.47, and the company recently beat quarterly estimates with $0.25 EPS and $639.76 million in revenue, up 33.5% year over year. Analysts still view the stock cautiously bullish overall, with a Moderate Buy consensus and an average target price of $236.68.
Cloudflare, Inc. (NYSE:NET - Get Free Report) CEO Matthew Prince sold 52,384 shares of the company's stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $204.15, for a total transaction of $10,694,193.60. Following the transaction, the chief executive officer owned 25,550 shares in the company, valued at $5,216,032.50. The trade was a 67.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 Thursday, May 21st, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was 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 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $164.15, for a total transaction of $8,598,833.60.
Cloudflare Trading Up 1.1%
Shares of NET opened at $212.47 on Friday. 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 $207.63 and its two-hundred day moving average is $199.23. Cloudflare, Inc. has a twelve month low of $154.93 and a twelve month high of $260.00. The firm has a market capitalization of $75.10 billion, a P/E ratio of -849.88 and a beta of 1.67.
Cloudflare (NYSE:NET - Get Free Report) 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 net margin of 3.72% and a negative return on equity of 5.65%. The company had revenue of $639.76 million for the quarter, compared to analyst estimates of $620.83 million. During the same period in the prior year, the business posted $0.16 earnings per share. The firm'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.
Institutional Trading of Cloudflare
A number of hedge funds have recently bought and sold shares of NET. Norges Bank acquired a new stake in Cloudflare during the fourth quarter worth approximately $718,316,000. Jennison Associates LLC boosted its position in Cloudflare by 135.8% during the first quarter. Jennison Associates LLC now owns 4,394,484 shares of the company's stock worth $906,758,000 after acquiring an additional 2,530,872 shares during the last quarter. Corient Private Wealth LLC boosted its position in Cloudflare by 4,042.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company's stock worth $275,887,000 after acquiring an additional 1,365,598 shares during the last quarter. Groupama Asset Managment boosted its position in 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 acquiring an additional 950,000 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Cloudflare by 2.6% during the third quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company's stock worth $6,934,958,000 after acquiring an additional 821,684 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company's stock.
Analyst Ratings Changes
Several analysts have recently commented on NET shares. Barclays increased their price target on shares of Cloudflare from $235.00 to $250.00 and gave the company an "overweight" rating in a research report on Wednesday, February 11th. Royal Bank Of Canada increased their price target on shares of Cloudflare from $230.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, February 11th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Cloudflare in a research report on Monday, April 20th. Jefferies Financial Group started coverage on shares of Cloudflare in a research report on Wednesday, April 15th. They issued a "buy" rating on the stock. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $224.00 price target on shares of Cloudflare in a research report on Wednesday, February 11th. Eighteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $236.68.
Read Our Latest Stock Analysis on Cloudflare
More Cloudflare News
Here are the key news stories impacting Cloudflare this week:
- Positive Sentiment: Cloudflare’s partnership with Anthropic to launch Cloudflare Environments for Claude Managed Agents is being viewed as a meaningful step into AI infrastructure, which could support future revenue growth and broader platform adoption. Cloudflare (NET) Stock Trades Up, Here Is Why
- Positive Sentiment: Recent coverage continues to frame Cloudflare as an AI and big-data beneficiary, with sector interest in cloud and cybersecurity names helping sentiment around the stock. Invest in These 5 Big Data Behemoths to Gain From Wall Street Rally
- Neutral Sentiment: Cloudflare’s latest earnings report was solid, beating estimates on both EPS and revenue, but the market reaction has been mixed as investors weigh strong growth against ongoing losses and rich valuation.
- Neutral Sentiment: Several analysts remain constructive overall, with a consensus Moderate Buy rating, though opinions are still split and some firms continue to advise caution.
- Negative Sentiment: CEO Matthew Prince and CAO Janel Riley both filed stock sales, and CFO Thomas J. Seifert also sold shares. Even though these were pre-planned 10b5-1 transactions, insider selling can still create short-term pressure on the stock.
Cloudflare Company Profile
(
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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