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

Posted by Defense World Staff on Apr 10th, 2026

Cloudflare, Inc. (NYSE:NET – Get Free Report) CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $210.02, for a total value of $11,001,687.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

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.
On Wednesday, March 18th, Matthew Prince sold 38,766 shares of Cloudflare stock. The stock was sold at an average price of $218.87, for a total value of $8,484,714.42.
On Monday, March 16th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $209.08, for a total value of $10,952,446.72.
On Wednesday, March 18th, Matthew Prince sold 13,618 shares of Cloudflare stock. The stock was sold at an average price of $227.80, for a total value of $3,102,180.40.
On Thursday, February 26th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $173.78, for a total value of $9,103,291.52.
On Tuesday, February 24th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $164.15, for a total value of $8,598,833.60.
On Thursday, January 8th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $189.47, for a total value of $9,925,196.48.

Cloudflare Stock Performance

Shares of NYSE:NET opened at $192.49 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.98 and a quick ratio of 1.98. The business’s 50 day moving average price is $194.79 and its 200-day moving average price is $202.42. The firm has a market capitalization of $67.75 billion, a PE ratio of -663.73 and a beta of 1.87. Cloudflare, Inc. has a 1 year low of $100.25 and a 1 year high of $260.00.

Cloudflare (NYSE:NET – Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $614.51 million for the quarter, compared to analyst estimates of $591.67 million. Cloudflare had a negative return on equity of 7.24% and a negative net margin of 4.72%.The business’s revenue was up 33.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 earnings per share. As a group, equities research analysts expect that Cloudflare, Inc. will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cloudflare

Several large investors have recently modified their holdings of NET. Norges Bank acquired a new position in shares of Cloudflare in the 4th quarter valued at $718,316,000. Jennison Associates LLC lifted its stake in shares of Cloudflare by 802.6% in the 4th quarter. Jennison Associates LLC now owns 1,863,612 shares of the company’s stock valued at $367,411,000 after purchasing an additional 1,657,144 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of Cloudflare by 4,042.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,399,378 shares of the company’s stock valued at $275,887,000 after purchasing an additional 1,365,598 shares during the last quarter. Groupama Asset Managment lifted its stake in shares of Cloudflare by 82.6% in the 3rd quarter. Groupama Asset Managment now owns 2,100,000 shares of the company’s stock valued at $450,639,000 after purchasing an additional 950,000 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Cloudflare by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 32,317,249 shares of the company’s stock valued at $6,934,958,000 after purchasing an additional 821,684 shares during the last quarter. Institutional investors and hedge funds own 82.68% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NET. TD Cowen reissued a “buy” rating on shares of Cloudflare in a research note on Tuesday, January 27th. Mizuho lowered their price objective on Cloudflare from $280.00 to $255.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 21st. Citigroup boosted their price objective on Cloudflare from $260.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Zacks Research raised Cloudflare from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. Finally, Guggenheim boosted their price objective on Cloudflare from $117.00 to $140.00 and gave the stock a “sell” rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $233.38.

Check Out Our Latest Analysis on NET

More Cloudflare News

Here are the key news stories impacting Cloudflare this week:

Positive Sentiment: Product & partnership wins reinforce the long‑term growth case — Virtru announced object‑level data governance for Cloudflare R2 (boosts R2 security/enterprise appeal). Read More.
Positive Sentiment: Strategic distribution and security positioning remain intact — recent partner integrations (e.g., GoDaddy) and Cloudflare’s push on post‑quantum and edge AI/ security support continued revenue and product momentum that underpins the longer‑term thesis. Read More.
Neutral Sentiment: Analyst consensus stays generally constructive (consensus “Moderate Buy” / mixed price targets), so current weakness looks more sentiment‑driven than a wholesale downgrade of fundamentals. Read More.
Negative Sentiment: Sector‑wide repricing tied to AI‑agent fears and risk‑off moves hit enterprise software broadly — traders pared positions in high‑multiple names, which amplified Cloudflare’s decline despite no new negative company guidance. Read More.
Negative Sentiment: Insider sales and perception of elevated insider activity added short‑term pressure — CEO Matthew Prince sold stock under a 10b5‑1 plan (multiple filings), which media and traders flagged as incremental selling flow. Read More.
Negative Sentiment: Market commentary flagged valuation sensitivity and profit‑taking after recent gains — quick analyst target trims and crowded positioning magnified today’s move. Read More.

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.