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

Cloudflare, Inc. (NYSE:NET) CEO Matthew Prince sold 52,384 shares of Cloudflare stock in a transaction on Monday, March 16th. The stock was sold at an average price of $209.08, for a total transaction of $10,952,446.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction of $8,484,714.42.
• On Wednesday, March 18th, Matthew Prince sold 13,618 shares of Cloudflare stock. The shares were sold at an average price of $227.80, for a total transaction 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 transaction 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 transaction of $8,598,833.60.
• On Thursday, January 8th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $189.47, for a total transaction of $9,925,196.48.
• On Tuesday, January 6th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $194.77, for a total transaction of $10,202,831.68.

Cloudflare Trading Down 1.4%

NET opened at $222.27 on Friday. The firm has a market capitalization of $77.86 billion, a price-to-earnings ratio of -766.42 and a beta of 1.98. The company’s 50 day simple moving average is $187.04 and its two-hundred day simple moving average is $203.27. Cloudflare, Inc. has a 1-year low of $89.42 and a 1-year high of $260.00. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.98 and a quick ratio of 1.98.

Cloudflare (NYSE:NET) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Cloudflare had a negative return on equity of 7.24% and a negative net margin of 4.72%.The firm had revenue of $614.51 million during the quarter, compared to analysts’ expectations of $591.67 million. During the same quarter last year, the firm earned $0.19 earnings per share. The business’s revenue for the quarter was up 33.6% on a year-over-year basis. Analysts expect that Cloudflare, Inc. will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Cloudflare

Several hedge funds have recently modified their holdings of the company. Reliant Investment Partners LLC increased its position in Cloudflare by 1.5% during the third quarter. Reliant Investment Partners LLC now owns 3,316 shares of the company’s stock worth $718,000 after purchasing an additional 50 shares during the last quarter. Frank Rimerman Advisors LLC grew its stake in shares of Cloudflare by 1.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 2,821 shares of the company’s stock valued at $605,000 after buying an additional 51 shares during the period. IMA Advisory Services Inc. increased its holdings in shares of Cloudflare by 4.5% during the 4th quarter. IMA Advisory Services Inc. now owns 1,290 shares of the company’s stock worth $254,000 after buying an additional 55 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Cloudflare by 55.4% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 157 shares of the company’s stock worth $34,000 after buying an additional 56 shares during the period. Finally, Silver Oak Securities Incorporated boosted its holdings in Cloudflare by 5.5% in the fourth quarter. Silver Oak Securities Incorporated now owns 1,090 shares of the company’s stock valued at $218,000 after acquiring an additional 57 shares during the last quarter. 82.68% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Cloudflare

Here are the key news stories impacting Cloudflare this week:

• Positive Sentiment: Deal buzz: Multiple reports say Coinbase and other firms are competing to build a stablecoin using Cloudflare’s infrastructure for AI-agent payments — investors view this as a new monetization path that extends Cloudflare’s AI/edge narrative and helped lift the stock earlier this week. Cloudflare Stock Surges on Reports of Coinbase, Zerohash Competing to Launch Its Dedicated Stablecoin
• Positive Sentiment: Strategic fit: Analysts and commentary note a logical link between payments for AI agents and Cloudflare’s infrastructure role — a stablecoin/payments layer could deepen customer integration and create new usage-based revenue. Cloudflare’s Stablecoin: A Real Catalyst or Short-Term Hype?
• Positive Sentiment: Enterprise momentum & technical flows: Expanded SentinelOne partnership and order‑flow/Power Inflow signals attracted momentum traders, supporting recent upside tied to AI/enterprise growth expectations. SentinelOne Cloudflare Alliance Targets Unified AI Security And Larger Deals Cloudflare Shares Rise Nearly 7% After Key Trading Signal
• Neutral Sentiment: Wall Street backdrop is broadly positive (many buy/outperform ratings; median target ~$250), which supports conviction but is not a new catalyst. Cloudflare shares rise as AI/enterprise growth narrative keeps gaining traction
• Negative Sentiment: Insider selling: Large, disclosed sales from CEO and CFO this week (multi‑million dollar disposals) are a clear headwind and may weigh on near‑term sentiment despite positive headlines. Cloudflare (NYSE:NET) CFO Sells $2,195,394.30 in Stock Cloudflare (NET) Stock Surges 7% Amid CEO’s $30M Share Sale

Wall Street Analyst Weigh In

Several research analysts have recently commented on NET shares. Mizuho reduced their price target on Cloudflare from $280.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, January 21st. Piper Sandler upped their price objective on shares of Cloudflare from $220.00 to $222.00 and gave the company a “neutral” rating in a report on Wednesday, February 11th. Royal Bank Of Canada lifted their target price on shares of Cloudflare from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Wells Fargo & Company boosted their target price on shares of Cloudflare from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $224.00 price target on shares of Cloudflare in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $233.38.

About Cloudflare

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.