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Cloudflare CEO Prince Matthew Sells 20748 Shares at $192.73/Share on 2025-07-08
ByAinvest
Thursday, Jul 10, 2025 9:15 pm ET1min read
Cloudflare, Inc. (NET) has announced that Prince Matthew, a director and 10% owner of the company, as well as its CEO and Board Co-Chair, has made a series of stock sales on July 8 and 9, 2025. The transactions involve the sale of a total of 83,774 shares at various prices, ranging from $181.74 to $194.77 per share. The sales were made on July 8 and 9, with the largest sale occurring on July 9, involving the sale of 23,489 shares at $194.77 per share. The transactions were reported to the Securities and Exchange Commission on July 10, 2025.
Cloudflare, Inc. (NYSE: NET) has reported that Matthew Prince, a director and 10% owner of the company, as well as its CEO and Board Co-Chair, has made significant stock sales on July 8 and 9, 2025. The transactions involved the sale of a total of 83,774 shares at various prices, ranging from $181.74 to $194.77 per share. The largest sale occurred on July 9, with 23,489 shares sold at $194.77 per share. The transactions were reported to the Securities and Exchange Commission on July 10, 2025 [1].Matthew Prince's sales represent a notable portion of the insider trading activity at Cloudflare. According to the latest insider trading data, insiders have been selling a significant number of shares over the past year. For instance, the CFO, Thomas J. Seifert, has sold shares worth $64,056,288.62 in the last 24 months [2].
The insider selling activity at Cloudflare is consistent with the broader trend of insiders selling shares, which has been ongoing for several quarters. Insiders have sold a total of $273.51 million worth of shares in the last 12 months [2].
The current insider ownership percentage at Cloudflare is 12.83%, indicating that insiders collectively own a substantial portion of the company's stock [2]. The insider selling activity may signal a change in the company's outlook or strategic direction, although it is important to note that insider trading does not always indicate a change in the company's fundamentals.
Investors should closely monitor the company's financial performance and other insider trading activities to gauge the potential impact on the stock price. Additionally, they should consider the broader market conditions and the company's competitive position to make informed investment decisions.
References:
[1] https://www.marketbeat.com/stocks/NYSE/NET/insider-trades/
[2] https://www.marketbeat.com/stocks/NYSE/NET/insider-trades/
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