Insider Selling: Cloudflare (NYSE:NET) CEO Sells 52,384 Shares of Stock

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,384 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $204.76, for a total value of $10,726,147.84. Following the transaction, the chief executive officer owned 22,175 shares in the company, valued at approximately $4,540,553. This trade represents a 70.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, November 19th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $195.32, for a total transaction of $10,231,642.88.
• On Thursday, October 16th, Matthew Prince sold 52,277 shares of Cloudflare stock. The shares were sold at an average price of $213.94, for a total transaction of $11,184,141.38.
• On Tuesday, October 14th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $215.51, for a total transaction 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 transaction of $23,624.53.
• On Thursday, September 11th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $226.46, for a total transaction of $11,862,880.64.
• On Tuesday, September 9th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $217.12, for a total value of $11,373,614.08.

Cloudflare Stock Performance

Shares of Cloudflare stock traded down $0.23 during trading on Wednesday, reaching $196.30. The company’s stock had a trading volume of 3,997,184 shares, compared to its average volume of 3,456,469. Cloudflare, Inc. has a one year low of $89.42 and a one year high of $260.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.04 and a current ratio of 2.04. The firm has a market cap of $68.76 billion, a price-to-earnings ratio of -654.32 and a beta of 2.10. The business’s fifty day moving average price is $220.77 and its 200-day moving average price is $197.11.

Cloudflare (NYSE:NET) last released its 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 return on equity of 6.54% and a negative net margin of 5.12%.The firm had revenue of $562.03 million for the quarter, compared to analyst estimates of $544.87 million. During the same quarter last year, the firm posted $0.20 EPS. The company’s revenue was up 30.7% on a year-over-year basis. Cloudflare has set its Q4 2025 guidance at 0.270-0.270 EPS. FY 2025 guidance at 0.910-0.910 EPS. As a group, equities research analysts predict that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on NET. Mizuho raised their price target on shares of Cloudflare from $240.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. DZ Bank upgraded shares of Cloudflare from a “sell” rating to a “hold” rating and set a $237.00 target price for the company in a research note on Wednesday, November 5th. Scotiabank lifted their target price on Cloudflare from $200.00 to $225.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Cantor Fitzgerald upped their price target on Cloudflare from $199.00 to $224.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Citizens Jmp raised their price objective on Cloudflare from $250.00 to $270.00 and gave the stock a “market outperform” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $235.35.

Hedge Funds Weigh In On Cloudflare

A number of hedge funds have recently modified their holdings of NET. Kingsview Wealth Management LLC bought a new stake in Cloudflare in the first quarter valued at $206,000. Kestra Private Wealth Services LLC grew its holdings in shares of Cloudflare by 8.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 3,224 shares of the company’s stock worth $363,000 after purchasing an additional 241 shares during the last quarter. Montag A & Associates Inc. grew its holdings in shares of Cloudflare by 9.5% in the 1st quarter. Montag A & Associates Inc. now owns 1,645 shares of the company’s stock worth $185,000 after purchasing an additional 143 shares during the last quarter. Allianz Asset Management GmbH increased its position in shares of Cloudflare by 5.3% during the 1st quarter. Allianz Asset Management GmbH now owns 25,700 shares of the company’s stock worth $2,897,000 after purchasing an additional 1,288 shares in the last quarter. Finally, Choreo LLC lifted its holdings in Cloudflare by 7.1% during the 1st quarter. Choreo LLC now owns 5,105 shares of the company’s stock valued at $575,000 after purchasing an additional 339 shares during the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

About Cloudflare

Cloudflare, Inc operates as a cloud services provider that delivers a range of services to businesses worldwide. The company provides an integrated cloud-based security solution to secure a range of combination of platforms, including public cloud, private cloud, on-premise, software-as-a-service applications, and IoT devices; and website and application security products comprising web application firewall, bot management, distributed denial of service, API gateways, SSL/TLS encryption, script management, security center, and rate limiting products.