Cloudflare (NYSE:NET) CEO Sells $14,846,389.86 in Stock

Cloudflare, Inc. (NYSE:NET - Get Free Report) CEO Matthew Prince sold 52,383 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $283.42, for a total value of $14,846,389.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 4th, Matthew Prince sold 20,101 shares of Cloudflare stock. The stock was sold at an average price of $296.89, for a total value of $5,967,785.89.
• On Wednesday, August 5th, Matthew Prince sold 18,752 shares of Cloudflare stock. The stock was sold at an average price of $296.10, for a total value of $5,552,467.20.
• On Tuesday, August 4th, Matthew Prince sold 32,282 shares of Cloudflare stock. The shares were sold at an average price of $298.44, for a total transaction of $9,634,240.08.
• On Wednesday, August 5th, Matthew Prince sold 33,631 shares of Cloudflare stock. The shares were sold at an average price of $296.10, for a total transaction of $9,958,139.10.
• 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 Thursday, July 2nd, Matthew Prince sold 33,631 shares of Cloudflare stock. The shares were sold at an average price of $242.24, for a total transaction of $8,146,773.44.
• On Wednesday, July 1st, Matthew Prince sold 52,422 shares of Cloudflare stock. The shares were 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 stock was 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 stock was sold at an average price of $224.30, for a total transaction of $11,749,731.20.

Cloudflare Price Performance

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Shares of NET opened at $291.71 on Thursday. The firm has a fifty day simple moving average of $254.72 and a two-hundred day simple moving average of $217.56. The firm has a market cap of $103.11 billion, a PE ratio of -1,166.83, a P/E/G ratio of 225.36 and a beta of 1.65. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 1.29. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $305.00.

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Cloudflare (NYSE:NET - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping 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 company had revenue of $639.75 million for the quarter, compared to the consensus estimate of $620.83 million. During the same quarter last year, the firm posted $0.16 earnings per share. The firm's revenue was up 33.5% compared to the same quarter last year. On average, equities analysts anticipate that Cloudflare, Inc. will post 0.03 EPS for the current year.

Institutional Investors Weigh In On Cloudflare

A number of institutional investors and hedge funds have recently modified their holdings of NET. Vanguard Group Inc. boosted its stake in shares of Cloudflare by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 32,407,646 shares of the company's stock valued at $6,389,167,000 after purchasing an additional 90,397 shares during the period. Geode Capital Management LLC grew its stake in Cloudflare by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 6,018,175 shares of the company's stock worth $1,184,044,000 after acquiring an additional 241,981 shares in the last quarter. Jennison Associates LLC increased its position in shares of 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 period. First Trust Advisors LP raised its stake in shares of Cloudflare by 1.6% during the fourth quarter. First Trust Advisors LP now owns 4,019,157 shares of the company's stock valued at $792,377,000 after acquiring an additional 63,198 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Cloudflare by 1.3% in the third quarter. Invesco Ltd. now owns 3,964,733 shares of the company's stock valued at $850,792,000 after purchasing an additional 49,485 shares during the period. 82.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

• Scotiabank Sees a New Growth Story for Cloudflare

A number of research analysts recently weighed in on the stock. Barclays lifted their target price on shares of Cloudflare from $250.00 to $300.00 and gave the company an "overweight" rating in a research note on Monday, July 13th. Citizens Jmp increased their price target on Cloudflare from $270.00 to $330.00 and gave the stock a "market outperform" rating in a research note on Monday, July 20th. UBS Group raised their price target on Cloudflare from $220.00 to $250.00 and gave the company a "neutral" rating in a report on Wednesday, June 10th. Wells Fargo & Company boosted their price objective on Cloudflare from $270.00 to $300.00 and gave the company an "overweight" rating in a research report on Monday, July 20th. Finally, Raymond James Financial assumed coverage on Cloudflare in a research note on Tuesday, July 7th. They issued a "strong-buy" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $265.27.

Get Our Latest Stock Analysis on NET

Cloudflare News Roundup

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: New AI security tools expand Cloudflare’s addressable market. Cloudflare launched Identity-Aware AI Gateway, which allows companies to monitor employee and AI-agent use, control spending, identify users, and flag risky content. The product could support demand for Cloudflare’s security and connectivity platform as businesses adopt AI. Cloudflare Gives Companies Full Visibility to Audit and Analyze AI Use
• Positive Sentiment: Cloudflare OS strengthens its AI infrastructure strategy. The company announced an open-source AI workspace running on its global network, giving employees secure access to AI tools and internal systems without requiring new infrastructure. Separately, Cloudflare is developing identity and wallet capabilities for AI agents, potentially creating additional enterprise monetization opportunities. Cloudflare OS Is the First AI Workspace Built Around How Companies Actually Work
• Positive Sentiment: Jefferies expects revenue acceleration and possible guidance increases. Analysts are looking for second-quarter revenue growth near 30% and a path toward mid-30% growth by the end of 2026. A stronger outlook could support the stock, particularly because Cloudflare previously exceeded revenue and adjusted EPS expectations. Cloudflare Poised for Second Quarter Revenue Acceleration, Says Jefferies
• Neutral Sentiment: Earnings are the immediate catalyst. Investors will focus on revenue growth, margins, free cash flow, AI-related demand, and full-year guidance. Cloudflare’s prior quarter included 33.5% year-over-year revenue growth and an EPS beat.
• Neutral Sentiment: A director’s stock sale has limited signaling value. Mark Hawkins sold 133 shares worth approximately $36,939 under a pre-arranged Rule 10b5-1 plan, reducing his holdings by 1.24% while retaining 10,632 shares. SEC Insider Filing
• Negative Sentiment: Valuation leaves little room for disappointment. Cloudflare trades at exceptionally high sales and earnings multiples, so even a quarterly beat may not satisfy investors unless growth, profitability, or guidance materially exceeds already elevated expectations. Three Things I Love About Cloudflare and Why I’m Stuck at Hold Anyway

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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