Cloudflare (NYSE:NET) CEO Sells $13,057,795.98 in Stock

Posted by Geri Gentry on Jul 9th, 2026

Cloudflare, Inc. (NYSE:NET – Get Free Report) CEO Matthew Prince sold 52,422 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $249.09, for a total transaction of $13,057,795.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 shares were 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 Thursday, July 2nd, Matthew Prince sold 18,752 shares of Cloudflare stock. The stock was sold at an average price of $242.24, for a total value 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 value 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 value of $11,749,731.20.
On Thursday, May 21st, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $210.66, for a total value 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 value 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 value of $11,047,942.75.
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 Stock Up 1.7%

NET opened at $273.37 on Thursday. Cloudflare, Inc. has a 1-year low of $158.83 and a 1-year high of $276.82. The stock’s fifty day simple moving average is $229.40 and its 200 day simple moving average is $206.40. 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 stock has a market cap of $96.63 billion, a PE ratio of -1,093.47, a price-to-earnings-growth ratio of 270.75 and a beta of 1.67.

Cloudflare (NYSE:NET – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.25 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 firm had revenue of $639.75 million during the quarter, compared to analysts’ expectations of $620.83 million. During the same period in the previous year, the business posted $0.16 earnings per share. The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. 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, research analysts expect that Cloudflare, Inc. will post 0.02 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NET shares. KeyCorp restated an “overweight” rating on shares of Cloudflare in a report on Wednesday, June 10th. Stifel Nicolaus set a $260.00 price target on Cloudflare in a research note on Friday, May 8th. The Goldman Sachs Group lowered Cloudflare from a “buy” rating to a “sell” rating in a report on Wednesday, April 15th. Scotiabank upgraded Cloudflare from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $225.00 to $300.00 in a research report on Tuesday. Finally, UBS Group lifted their target price on Cloudflare from $220.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $244.23.

Read Our Latest Stock Report on NET

Cloudflare News Roundup

Here are the key news stories impacting Cloudflare this week:

Positive Sentiment: Scotiabank upgraded Cloudflare to Sector Outperform and raised its price target to $300, boosting confidence in the stock’s growth outlook. Scotiabank Upgrades Cloudflare (NYSE:NET) to Sector Outperform
Positive Sentiment: News flow around Cloudflare’s AI partnership and web indexing research pilot with OpenAI added to the company’s AI infrastructure narrative and could support future demand. Cloudflare, OpenAI team up to launch research pilot for AI search indexing
Neutral Sentiment: CEO Matthew Prince and director John Graham-Cumming disclosed sizable stock sales, but both were executed under pre-arranged Rule 10b5-1 trading plans. Matthew Prince Sells 33,631 Shares of Cloudflare (NYSE:NET) Stock

Institutional Trading of Cloudflare

Institutional investors have recently modified their holdings of the stock. Empowered Funds LLC increased its holdings in Cloudflare by 34.2% in the 1st quarter. Empowered Funds LLC now owns 6,656 shares of the company’s stock valued at $750,000 after buying an additional 1,696 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Cloudflare during the 2nd quarter worth $424,000. Cerity Partners LLC lifted its position in shares of Cloudflare by 30.1% during the 2nd quarter. Cerity Partners LLC now owns 27,531 shares of the company’s stock worth $5,391,000 after buying an additional 6,363 shares during the last quarter. Sei Investments Co. boosted its stake in Cloudflare by 40.1% in the second quarter. Sei Investments Co. now owns 329,036 shares of the company’s stock valued at $64,432,000 after buying an additional 94,112 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Cloudflare by 14.6% in the second quarter. The Manufacturers Life Insurance Company now owns 16,461 shares of the company’s stock valued at $3,224,000 after buying an additional 2,093 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors.

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.