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

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,384 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $224.30, for a total transaction of $11,749,731.20. The transaction was disclosed in a document filed with the SEC, 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, 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 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 shares were sold at an average price of $213.59, for a total value of $11,047,942.75.
• On Monday, April 6th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $210.02, for a total value 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 value of $147,365.58.

Cloudflare Price Performance

NET traded down $2.31 on Wednesday, reaching $222.63. The stock had a trading volume of 2,277,739 shares, compared to its average volume of 3,915,500. Cloudflare, Inc. has a fifty-two week low of $158.83 and a fifty-two week high of $276.82. The firm has a 50-day moving average of $220.16 and a 200-day moving average of $203.20. 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 capitalization of $78.69 billion, a price-to-earnings ratio of -890.53, a price-to-earnings-growth ratio of 226.55 and a beta of 1.70.

Cloudflare (NYSE:NET) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm 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 business’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same period last year, the firm posted $0.16 earnings per share. 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, sell-side analysts anticipate that Cloudflare, Inc. will post 0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NET. Cantor Fitzgerald reiterated a “neutral” rating and set a $230.00 target price (up from $224.00) on shares of Cloudflare in a research report on Wednesday, June 10th. BTIG Research lifted their price target on shares of Cloudflare from $243.00 to $269.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Barclays restated an “overweight” rating and issued a $250.00 price objective on shares of Cloudflare in a report on Monday, June 1st. Citizens Jmp reaffirmed a “market outperform” rating and set a $270.00 target price on shares of Cloudflare in a report on Monday, June 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cloudflare in a research report on Monday, April 20th. Twenty-one analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cloudflare currently has an average rating of “Moderate Buy” and a consensus price target of $241.35.

Institutional Investors Weigh In On Cloudflare

A number of institutional investors have recently modified their holdings of NET. Quadrant Private Wealth Management LLC raised its stake in Cloudflare by 3.2% during the first quarter. Quadrant Private Wealth Management LLC now owns 1,653 shares of the company’s stock worth $341,000 after buying an additional 51 shares during the last quarter. Essential Partners LLC boosted its position in Cloudflare by 14.5% during the first quarter. Essential Partners LLC now owns 402 shares of the company’s stock valued at $83,000 after acquiring an additional 51 shares during the last quarter. Jamison Private Wealth Management Inc. grew its holdings in Cloudflare by 2.6% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 2,064 shares of the company’s stock worth $426,000 after acquiring an additional 52 shares during the period. Revisor Wealth Management LLC raised its position in shares of Cloudflare by 4.0% in the 1st quarter. Revisor Wealth Management LLC now owns 1,390 shares of the company’s stock worth $287,000 after acquiring an additional 53 shares in the last quarter. Finally, IMA Advisory Services Inc. raised its position in shares of Cloudflare by 4.5% in the 4th quarter. IMA Advisory Services Inc. now owns 1,290 shares of the company’s stock worth $254,000 after acquiring an additional 55 shares in the last quarter. 82.68% of the stock is owned by institutional investors.

Cloudflare Company Profile

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.