Cloudflare (NYSE:NET) CEO Sells $9,925,196.48 in Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $189.47, for a total transaction of $9,925,196.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 transaction of $10,202,831.68.
• On Friday, December 5th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $201.23, for a total transaction of $10,541,232.32.
• On Wednesday, December 3rd, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $202.19, for a total transaction of $10,591,520.96.
• On Wednesday, November 19th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $195.32, for a total value of $10,231,642.88.
• On Monday, November 17th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $204.76, for a total value of $10,726,147.84.
• On Thursday, October 16th, Matthew Prince sold 52,277 shares of Cloudflare stock. The stock was sold at an average price of $213.94, for a total value of $11,184,141.38.
• On Tuesday, October 14th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $215.51, for a total value of $11,289,275.84.
• On Thursday, October 16th, Matthew Prince sold 107 shares of Cloudflare stock. The stock was sold at an average price of $220.79, for a total value of $23,624.53.

Cloudflare Trading Down 7.8%

NET stock traded down $15.90 during mid-day trading on Thursday, reaching $186.91. 3,868,360 shares of the stock traded hands, compared to its average volume of 1,749,554. Cloudflare, Inc. has a 52-week low of $89.42 and a 52-week high of $260.00. The stock’s fifty day moving average is $206.32 and its 200-day moving average is $206.43. The company has a market cap of $65.47 billion, a P/E ratio of -623.03, a P/E/G ratio of 133.40 and a beta of 1.96. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.46.

Cloudflare (NYSE:NET) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Cloudflare had a negative net margin of 5.12% and a negative return on equity of 6.54%. The business had revenue of $562.03 million for the quarter, compared to analyst estimates of $544.65 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. The firm’s revenue was up 30.7% compared to the same quarter last year. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS and its FY 2025 guidance at 0.910-0.910 EPS. As a group, sell-side analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NET. Susquehanna increased their price objective on Cloudflare from $205.00 to $260.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Wall Street Zen upgraded Cloudflare from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Cantor Fitzgerald raised their price target on shares of Cloudflare from $199.00 to $224.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. UBS Group boosted their price objective on shares of Cloudflare from $240.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Barclays initiated coverage on shares of Cloudflare in a research report on Tuesday, December 2nd. They issued an “overweight” rating and a $235.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have assigned a Hold rating and two 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 a consensus price target of $233.70.

Hedge Funds Weigh In On Cloudflare

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wedmont Private Capital increased its holdings in Cloudflare by 3.2% in the 4th quarter. Wedmont Private Capital now owns 5,348 shares of the company’s stock valued at $1,085,000 after buying an additional 166 shares during the period. Nordea Investment Management AB boosted its position in shares of Cloudflare by 1.9% during the 4th quarter. Nordea Investment Management AB now owns 45,032 shares of the company’s stock valued at $8,989,000 after acquiring an additional 858 shares in the last quarter. Aventura Private Wealth LLC bought a new stake in Cloudflare in the fourth quarter valued at about $44,000. RDA Financial Network raised its position in Cloudflare by 1.8% in the fourth quarter. RDA Financial Network now owns 13,898 shares of the company’s stock worth $2,740,000 after purchasing an additional 251 shares in the last quarter. Finally, AFG Fiduciary Services Limited Partnership lifted its stake in Cloudflare by 12.6% during the fourth quarter. AFG Fiduciary Services Limited Partnership now owns 6,962 shares of the company’s stock worth $1,365,000 after purchasing an additional 779 shares during the period. Institutional investors and hedge funds own 82.68% of the company’s stock.

About Cloudflare

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.