Cloudflare, Inc. (NYSE:NET - Get Free Report) CEO Matthew Prince sold 33,631 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $242.24, for a total value of $8,146,773.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 transaction of $12,953,268.24.
- On Wednesday, July 1st, Matthew Prince sold 52,422 shares of Cloudflare stock. The stock was sold at an average price of $249.09, for a total transaction 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 shares were 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 shares were 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 stock was 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 Price Performance
NET stock opened at $247.46 on Tuesday. The firm has a 50 day moving average of $226.93 and a 200-day moving average of $205.29. Cloudflare, Inc. has a 12-month low of $158.83 and a 12-month 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 company has a market cap of $87.47 billion, a price-to-earnings ratio of -989.84, a PEG ratio of 244.14 and a beta of 1.67.
Cloudflare (NYSE:NET - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $639.75 million for the quarter, compared to analyst estimates of $620.83 million. Cloudflare had a negative return on equity of 5.65% and a negative net margin of 3.72%.The company's quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. As a group, equities analysts expect that Cloudflare, Inc. will post 0.02 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Susquehanna upped their target price on Cloudflare from $190.00 to $200.00 and gave the company a "neutral" rating in a report on Monday, May 11th. Zacks Research raised Cloudflare from a "strong sell" rating to a "hold" rating in a research note on Friday, March 13th. Truist Financial boosted their price objective on shares of Cloudflare from $225.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, June 11th. Scotiabank raised shares of Cloudflare from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $225.00 to $300.00 in a research note on Tuesday. Finally, Royal Bank Of Canada increased their price objective on shares of Cloudflare from $240.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, June 10th. Twenty-two research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $244.23.
View Our Latest Analysis on Cloudflare
Trending Headlines about Cloudflare
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 improved confidence in the company’s growth outlook. Scotiabank Upgrades Cloudflare (NYSE:NET) to Sector Outperform
- Positive Sentiment: Recent coverage highlighted Cloudflare as a high-growth cybersecurity stock, helped by its July 1 announcement of new classifications, enhanced analytics, and commercial partnerships tied to transparent AI companies, which could support future monetization and demand. Is Cloudflare (NET) the Best High Growth Cybersecurity Stock to Buy Now?
- Neutral Sentiment: CEO Matthew Prince disclosed multiple stock sales under a pre-arranged Rule 10b5-1 plan. While the sales were sizable, they were automatic and do not necessarily indicate a change in the company’s fundamentals.
Hedge Funds Weigh In On Cloudflare
A number of institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Cloudflare in the fourth quarter valued at $718,316,000. Jennison Associates LLC increased its position in Cloudflare by 135.8% during the 1st quarter. Jennison Associates LLC now owns 4,394,484 shares of the company's stock worth $906,758,000 after purchasing an additional 2,530,872 shares in the last quarter. Corient Private Wealth LLC raised its stake in Cloudflare by 4,042.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company's stock valued at $275,887,000 after purchasing an additional 1,365,598 shares during the last quarter. Groupama Asset Managment raised its stake in Cloudflare by 82.6% in the 3rd quarter. Groupama Asset Managment now owns 2,100,000 shares of the company's stock valued at $450,639,000 after purchasing an additional 950,000 shares during the last quarter. Finally, Swedbank AB lifted its holdings 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 purchasing an additional 811,297 shares in the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.
About Cloudflare
(
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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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