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Cloudflare, Inc. (NASDAQ:NET) CEO Matthew Prince, also Board Co-Chair, reported selling 107 shares of Class A Common Stock on October 16, 2025. The shares were sold at a weighted average price of $220.795, for a total value of $23,625. The prices for the transactions ranged from $220.54 to $220.98. According to InvestingPro data, this sale comes as Cloudflare’s stock has delivered an impressive 131% return over the past year, with the company now commanding a market capitalization of $73.8 billion.
The transaction was executed under a Rule 10b5-1 trading plan adopted by Prince on February 11, 2025. Following the transaction, Prince directly holds 367,251 shares of Cloudflare Class A Common Stock. The remaining shares are held indirectly via The Matthew Prince Revocable Trust dated October 29, 2015, for which Prince serves as trustee. InvestingPro analysis indicates the company maintains strong fundamentals with a 76% gross profit margin, though current valuations suggest the stock may be trading above its Fair Value. Investors can access detailed insights and 12 additional ProTips about Cloudflare through InvestingPro’s comprehensive research reports.
In other recent news, Cloudflare, Inc. has announced several strategic initiatives and partnerships aimed at expanding its technological capabilities and market reach. The company is collaborating with major payment networks, including Visa, Mastercard, and American Express, to develop an AI shopping agent protocol, enhancing secure merchant interactions. Additionally, Cloudflare introduced new platform bundles for its PowerUP Partner Program, designed to help partners offer integrated security and management services to address the complexities of digital environments. In another significant development, Cloudflare has partnered with UNICEF’s Giga initiative to track global school connectivity, conducting up to 10 million monthly availability tests to aid in improving internet access in underserved areas. Furthermore, Cloudflare plans to launch a U.S. dollar-backed stablecoin, NET Dollar, to facilitate secure AI-driven transactions, reflecting its commitment to supporting the evolving agentic web landscape. These recent developments highlight Cloudflare’s ongoing efforts to innovate and collaborate in various sectors.
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