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

by · The Markets Daily

Cloudflare, Inc. (NYSE:NET – Get Free Report) CEO Matthew Prince sold 52,384 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $201.23, for a total value of $10,541,232.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • 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 value of $10,591,520.96.
  • 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 stock was 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 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 transaction of $11,373,614.08.

Cloudflare Stock Down 1.7%

Shares of NET traded down $3.40 during trading hours on Friday, hitting $200.75. The stock had a trading volume of 1,744,413 shares, compared to its average volume of 2,946,807. Cloudflare, Inc. has a 1-year low of $89.42 and a 1-year high of $260.00. The firm has a market capitalization of $70.32 billion, a P/E ratio of -669.17 and a beta of 1.94. The firm has a 50 day simple moving average of $215.00 and a 200-day simple moving average of $201.52. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.04 and a quick ratio of 2.04.

Cloudflare (NYSE:NET – Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $562.03 million for the quarter, compared to analyst estimates of $544.65 million. During the same quarter in the prior year, the company earned $0.20 earnings per share. The company’s quarterly 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. Sell-side analysts predict that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Cloudflare

A number of institutional investors have recently added to or reduced their stakes in NET. Westfield Capital Management Co. LP bought a new position in Cloudflare in the second quarter worth about $87,868,000. Wealthedge Investment Advisors LLC increased its stake in shares of Cloudflare by 64.5% in the 1st quarter. Wealthedge Investment Advisors LLC now owns 12,132 shares of the company’s stock worth $1,367,000 after acquiring an additional 4,755 shares in the last quarter. American Century Companies Inc. lifted its position in Cloudflare by 34.5% during the 1st quarter. American Century Companies Inc. now owns 3,037,420 shares of the company’s stock valued at $342,287,000 after acquiring an additional 779,819 shares during the period. Motley Fool Asset Management LLC boosted its stake in Cloudflare by 10.5% during the second quarter. Motley Fool Asset Management LLC now owns 17,752 shares of the company’s stock worth $3,476,000 after acquiring an additional 1,691 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Cloudflare by 2.1% in the second quarter. Vanguard Group Inc. now owns 31,495,565 shares of the company’s stock worth $6,167,776,000 after purchasing an additional 658,656 shares during the period. 82.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Robert W. Baird set a $220.00 price target on shares of Cloudflare in a research note on Friday, October 31st. Citizens Jmp lifted their price objective on shares of Cloudflare from $250.00 to $270.00 and gave the company a “market outperform” rating in a report on Friday, October 31st. Citigroup upped their target price on shares of Cloudflare from $255.00 to $318.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cloudflare in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada boosted their price objective on Cloudflare from $250.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $235.33.

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Cloudflare Company Profile

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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.

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