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

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $202.19, for a total transaction of $10,591,520.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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, 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 Monday, November 17th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $204.76, for a total transaction of $10,726,147.84.
• 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 value of $11,289,275.84.
• On Thursday, October 16th, Matthew Prince sold 107 shares of Cloudflare stock. The shares were sold at an average price of $220.79, for a total value 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 value of $11,862,880.64.
• On Tuesday, September 9th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $217.12, for a total value of $11,373,614.08.

Cloudflare Stock Performance

Cloudflare stock opened at $200.75 on Friday. The company has a market cap of $70.32 billion, a price-to-earnings ratio of -669.17 and a beta of 1.94. Cloudflare, Inc. has a 12 month low of $89.42 and a 12 month high of $260.00. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04. The stock’s 50-day moving average is $215.00 and its 200-day moving average is $201.83.

Cloudflare (NYSE:NET) last posted its earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $562.03 million during the quarter, compared to the consensus estimate of $544.65 million. During the same quarter in the prior year, the company earned $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 and its FY 2025 guidance at 0.910-0.910 EPS. Equities analysts anticipate that Cloudflare, Inc. will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NET. Susquehanna lifted their target price on shares of Cloudflare from $205.00 to $260.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Oppenheimer began coverage on Cloudflare in a research note on Monday, November 10th. They set an “outperform” rating and a $260.00 price objective on the stock. Royal Bank Of Canada upped their target price on Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Argus raised their target price on Cloudflare from $238.00 to $265.00 and gave the company a “buy” rating in a report on Monday, November 10th. Finally, Guggenheim reissued a “sell” rating on shares of Cloudflare in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Cloudflare currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.33.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NET. Physician Wealth Advisors Inc. increased its holdings in Cloudflare by 693.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after purchasing an additional 104 shares during the last quarter. Wiser Advisor Group LLC purchased a new position in shares of Cloudflare during the 3rd quarter valued at approximately $26,000. Westside Investment Management Inc. grew its position in shares of Cloudflare by 100.0% during the third quarter. Westside Investment Management Inc. now owns 130 shares of the company’s stock worth $28,000 after buying an additional 65 shares in the last quarter. ORG Wealth Partners LLC increased its stake in shares of Cloudflare by 101.4% in the third quarter. ORG Wealth Partners LLC now owns 139 shares of the company’s stock worth $30,000 after buying an additional 70 shares during the last quarter. Finally, Wexford Capital LP bought a new stake in shares of Cloudflare in the third quarter worth $30,000. Institutional investors and hedge funds own 82.68% of the company’s stock.

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.