Cloudflare, Inc. (NYSE:NET - Get Free Report) CEO Matthew Prince sold 52,384 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $217.12, for a total transaction of $11,373,614.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Matthew Prince also recently made the following trade(s):
- On Thursday, September 11th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $226.46, for a total value of $11,862,880.64.
- On Wednesday, August 20th, Matthew Prince sold 51,848 shares of Cloudflare stock. The stock was sold at an average price of $190.46, for a total value of $9,874,970.08.
- On Monday, August 18th, Matthew Prince sold 52,384 shares of Cloudflare stock. The stock was sold at an average price of $200.43, for a total value of $10,499,325.12.
- On Wednesday, August 20th, Matthew Prince sold 536 shares of Cloudflare stock. The shares were sold at an average price of $194.84, for a total transaction of $104,434.24.
- On Thursday, July 10th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $184.58, for a total transaction of $9,669,038.72.
- On Tuesday, July 8th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $192.27, for a total transaction of $10,071,871.68.
- On Friday, June 13th, Matthew Prince sold 52,384 shares of Cloudflare stock. The shares were sold at an average price of $171.25, for a total transaction of $8,970,760.00.
Cloudflare Trading Down 1.4%
NET traded down $3.16 during trading on Friday, hitting $221.48. 1,552,402 shares of the stock traded hands, compared to its average volume of 2,007,794. The firm has a market capitalization of $77.18 billion, a P/E ratio of -651.41 and a beta of 1.95. The company has a debt-to-equity ratio of 2.63, a current ratio of 5.14 and a quick ratio of 5.14. The firm has a 50-day moving average of $201.32 and a 200 day moving average of $161.96. Cloudflare, Inc. has a 12-month low of $77.60 and a 12-month high of $230.10.
Cloudflare (NYSE:NET - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. Cloudflare had a negative net margin of 6.22% and a negative return on equity of 8.42%. The firm had revenue of $512.32 million during the quarter, compared to analysts' expectations of $501.58 million. During the same period last year, the company posted $0.20 EPS. The company's quarterly revenue was up 27.8% compared to the same quarter last year. Cloudflare has set its FY 2025 guidance at 0.850-0.860 EPS. Q3 2025 guidance at 0.230-0.23 EPS. Equities research analysts anticipate that Cloudflare, Inc. will post -0.11 EPS for the current year.
Institutional Trading of Cloudflare
Large investors have recently added to or reduced their stakes in the business. Mather Group LLC. grew its position in Cloudflare by 1,188.2% during the first quarter. Mather Group LLC. now owns 219 shares of the company's stock valued at $25,000 after buying an additional 202 shares during the period. NBC Securities Inc. bought a new stake in Cloudflare during the first quarter valued at approximately $27,000. GPS Wealth Strategies Group LLC lifted its holdings in Cloudflare by 213.4% during the first quarter. GPS Wealth Strategies Group LLC now owns 257 shares of the company's stock valued at $29,000 after purchasing an additional 175 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Cloudflare during the second quarter valued at approximately $29,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Cloudflare by 115.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 265 shares of the company's stock valued at $30,000 after purchasing an additional 142 shares in the last quarter. 82.68% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on NET. Cantor Fitzgerald raised their price objective on shares of Cloudflare from $162.00 to $199.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Royal Bank Of Canada raised their price objective on shares of Cloudflare from $210.00 to $228.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Mizuho raised their price objective on shares of Cloudflare from $220.00 to $240.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Stifel Nicolaus raised their price objective on shares of Cloudflare from $175.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Piper Sandler raised their price objective on shares of Cloudflare from $151.00 to $224.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $191.28.
Read Our Latest Analysis on Cloudflare
Cloudflare Company Profile
(
Get Free Report)
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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