NETNYSEServices-Prepackaged SoftwareFiscal year ends December 31
Cloudflare, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$297.58+1.28 (+0.43%)
Close on Oct 19, 2026
- Market cap
- $105.44B
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
79.9%
285M of 356M shares
Institutional holders
1,221
217 new, 118 sold out
Net institutional buying
8M
In Q2 2026
Insider trades, 12 months
0 buys · 814 sales
Net sold $659.52M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Matthew Prince | 26,338,507 | 7.70% | 13G (passive) amendment | Dec 31, 2025 |
| Capital World Investors | 23,032,315 | 7.30% | 13G (passive) amendment | Mar 31, 2026 |
| Morgan Stanley | 16,803,415 | 5.30% | 13G (passive) amendment | Dec 31, 2025 |
| BlackRock, Inc. | 16,649,551 | 5.60% | 13G (passive) amendment | Dec 31, 2023 |
| Vanguard Capital Management | 16,492,428 | 5.19% | 13G (passive) | Mar 31, 2026 |
| Vanguard Portfolio Management | 16,122,179 | 5.07% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of NET | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Capital World Investors | 24,325,692 | 6.83% | $5.97B | +1,590,123 | 0.70% |
| BlackRock, Inc. | 21,598,907 | 6.07% | $5.30B | +504,625 | 0.08% |
| Vanguard Portfolio Management LLC | 16,819,726 | 4.72% | $4.13B | +779,837 | 0.19% |
| Morgan Stanley | 15,258,327 | 4.29% | $3.74B | −624,994 | 0.20% |
| Baillie Gifford & Co | 14,598,594 | 4.10% | $3.58B | −1,325,829 | 3.25% |
| Vanguard Capital Management LLC | 14,430,365 | 4.05% | $3.54B | +714,169 | 0.08% |
| FMR LLC | 12,655,471 | 3.55% | $3.10B | −904,980 | 0.13% |
| Capital International Investors | 10,981,005 | 3.08% | $2.69B | +87,840 | 0.56% |
| State Street Corp | 7,420,765 | 2.08% | $1.82B | +242,046 | 0.05% |
| Geode Capital Management, LLC | 5,963,905 | 1.67% | $1.46B | −29,524 | 0.08% |
| Jennison Associates LLC | 5,419,068 | 1.52% | $1.33B | +1,024,584 | 0.80% |
| JPMorgan Chase & Co | 5,269,562 | 1.48% | $1.28B | −633,183 | 0.07% |
| American Century Companies Inc | 4,286,156 | 1.20% | $1.05B | +658,901 | 0.46% |
| Wellington Management Group Llp | 4,048,753 | 1.14% | $993.08M | +37,923 | 0.17% |
| First Trust Advisors LP | 3,756,643 | 1.06% | $921.43M | −17,383 | 0.54% |
| Franklin Resources Inc | 3,729,976 | 1.05% | $914.89M | +379,201 | 0.20% |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 3,677,783 | 1.03% | $902.09M | −824,979 | 0.69% |
| Norges Bank | 3,596,888 | 1.01% | $882.24M | New | 0.09% |
| Sands Capital Management, LLC | 3,239,504 | 0.91% | $794.59M | −422,245 | 2.95% |
| Invesco Ltd. | 3,103,792 | 0.87% | $761.30M | −9,733 | 0.06% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 1,221 | 285M | 79.9% | 217 / 486 | 382 / 118 | 28M | 20M |
| Q1 2026 | 1,137 | 277M | 77.8% | 179 / 484 | 341 / 120 | 74M | 43M |
| Q4 2025 | 1,091 | 280M | 78.6% | 183 / 433 | 343 / 113 | 21M | 27M |
| Q3 2025 | 1,039 | 287M | 80.5% | 176 / 408 | 320 / 71 | 28M | 20M |
| Q2 2025 | 947 | 279M | 78.3% | 190 / 400 | 264 / 107 | 32M | 19M |
| Q1 2025 | 872 | 267M | 74.9% | 190 / 342 | 240 / 75 | 27M | 23M |
| Q4 2024 | 771 | 264M | 74.1% | 166 / 254 | 241 / 63 | 21M | 13M |
| Q3 2024 | 680 | 256M | 72.0% | 87 / 244 | 232 / 51 | 31M | 12M |
| Q2 2024 | 652 | 256M | 71.9% | 69 / 271 | 216 / 119 | 23M | 72M |
| Q1 2024 | 709 | 306M | 86.0% | 114 / 286 | 207 / 75 | 40M | 14M |
| Q4 2023 | 678 | 280M | 78.6% | 155 / 217 | 209 / 40 | 43M | 14M |
| Q3 2023 | 572 | 251M | 70.4% | 75 / 198 | 196 / 57 | 13M | 8M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of NET | Value | % of fund | As of |
|---|---|---|---|---|---|
| Growth Fund of America | 15,224,485 | 4.28% | $3.68B | 1.02% | May 31, 2026 |
| Vanguard Total Stock Market Index Fund | 10,144,098 | 2.85% | $2.49B | 0.11% | Jun 30, 2026 |
| Vanguard Mid-Cap Index Fund | 6,923,487 | 1.94% | $1.70B | 0.76% | Jun 30, 2026 |
| New Perspective Fund | 5,744,708 | 1.61% | $1.41B | 0.83% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 3,664,345 | 1.03% | $898.79M | 0.92% | Jun 30, 2026 |
| Vanguard Growth Index Fund | 3,616,405 | 1.02% | $887.03M | 0.23% | Jun 30, 2026 |
| Growth Fund | 3,603,033 | 1.01% | $883.75M | 1.54% | Jun 30, 2026 |
| Vanguard U.S. Growth Fund | 2,528,224 | 0.71% | $611.38M | 1.29% | May 31, 2026 |
| Vanguard Mid-Cap Growth Index Fund | 2,447,872 | 0.69% | $600.41M | 1.72% | Jun 30, 2026 |
| Vanguard Information Technology Index Fund | 2,423,658 | 0.68% | $586.09M | 0.34% | May 31, 2026 |
| First Trust Nasdaq Cybersecurity ETF | 2,272,889 | 0.64% | $557.49M | 4.03% | Jun 30, 2026 |
| Fidelity Growth Company Fund | 2,228,313 | 0.63% | $538.85M | 0.55% | May 31, 2026 |
| Franklin Dynatech Fund | 2,000,000 | 0.56% | $490.56M | 1.62% | Jun 30, 2026 |
| Growth Portfolio | 1,968,983 | 0.55% | $482.95M | 13.44% | Jun 30, 2026 |
| Ultra Fund | 1,957,000 | 0.55% | $545.96M | 2.12% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Michelle Zatlyn | PRESIDENT & BOARD CO-CHAIR, Director | 518,487 | 0.15% | Sep 8, 2026 |
| Matthew Prince | CEO & Board Co-Chair, Director, 10% owner | 4,561,994 | 1.28% | Aug 18, 2026 |
| Thomas J. Seifert | Chief Financial Officer | 264,664 | 0.07% | Sep 21, 2026 |
| Alissa Michelle Starzak | Chief Legal Officer | 112,082 | 0.03% | Aug 19, 2026 |
| Janel Riley | Chief Accounting Officer | 42,647 | 0.01% | Aug 19, 2026 |
| Douglas James Kramer | Chief Legal Officer | 118,824 | 0.03% | Feb 18, 2026 |
| Carl Ledbetter | Director | 13,163,491 | 3.70% | Sep 23, 2026 |
| John Graham-Cumming | Director | 497,251 | 0.14% | Aug 11, 2026 |
| Mark J. Hawkins | Director | 10,632 | 0.00% | Aug 4, 2026 |
| Karim Lakhani | Director | 7,548 | 0.00% | Jul 2, 2026 |
| Stacey Cunningham | Director | 4,215 | 0.00% | Jul 2, 2026 |
| Katrin Suder | Director | 45,772 | 0.01% | Jul 2, 2026 |
| Scott D. Sandell | Director | 48,378 | 0.01% | Jul 2, 2026 |
| Maria S. Eitel | Director | 137,645 | 0.04% | Nov 4, 2024 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Carl Ledbetter Director | Sep 22, 2026 | Sale(10b5-1 plan) | −5,000 | $353.15 | $1.77M | 873,073 |
| Thomas J. Seifert Chief Financial Officer | Sep 17, 2026 | Sale(10b5-1 plan) | −300 | $328.04 | $98.41K | 117,302 |
| Thomas J. Seifert Chief Financial Officer | Sep 17, 2026 | Sale(10b5-1 plan) | −2,632 | $333.62 | $878.09K | 110,470 |
| Thomas J. Seifert Chief Financial Officer | Sep 17, 2026 | Sale(10b5-1 plan) | −1,604 | $332.50 | $533.33K | 113,102 |
| Thomas J. Seifert Chief Financial Officer | Sep 17, 2026 | Sale(10b5-1 plan) | −1,196 | $331.59 | $396.58K | 114,706 |
| Thomas J. Seifert Chief Financial Officer | Sep 17, 2026 | Sale(10b5-1 plan) | −700 | $330.23 | $231.16K | 115,902 |
| Thomas J. Seifert Chief Financial Officer | Sep 17, 2026 | Sale(10b5-1 plan) | −700 | $329.37 | $230.56K | 116,602 |
| Thomas J. Seifert Chief Financial Officer | Sep 17, 2026 | Sale(10b5-1 plan) | −1,868 | $334.59 | $625.01K | 108,602 |
| Thomas J. Seifert Chief Financial Officer | Sep 17, 2026 | Sale(10b5-1 plan) | −100 | $326.56 | $32.66K | 117,602 |
| Thomas J. Seifert Chief Financial Officer | Sep 17, 2026 | Sale(10b5-1 plan) | −100 | $320.89 | $32.09K | 117,702 |
| Thomas J. Seifert Chief Financial Officer | Sep 17, 2026 | Sale(10b5-1 plan) | −100 | $318.90 | $31.89K | 117,802 |
| Thomas J. Seifert Chief Financial Officer | Sep 17, 2026 | Conversion | +10,000 | – | – | 117,902 |
| Thomas J. Seifert Chief Financial Officer | Sep 17, 2026 | Sale(10b5-1 plan) | −100 | $336.51 | $33.65K | 107,902 |
| Thomas J. Seifert Chief Financial Officer | Sep 17, 2026 | Sale(10b5-1 plan) | −600 | $335.32 | $201.19K | 108,002 |
| Thomas J. Seifert Chief Financial Officer | Sep 15, 2026 | Tax withholding | −2,944 | $327.23 | $963.37K | 107,902 |
| Carl Ledbetter Director | Sep 14, 2026 | Sale(10b5-1 plan) | −440 | $310.54 | $136.64K | 881,673 |
| Carl Ledbetter Director | Sep 14, 2026 | Sale(10b5-1 plan) | −1,200 | $313.71 | $376.45K | 878,073 |
| Carl Ledbetter Director | Sep 14, 2026 | Sale(10b5-1 plan) | −2,400 | $312.86 | $750.86K | 879,273 |
| Carl Ledbetter Director | Sep 14, 2026 | Sale(10b5-1 plan) | −960 | $309.51 | $297.13K | 882,113 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 8, 2026 | Sale(10b5-1 plan) | −5,489 | $279.41 | $1.53M | 69,775 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 8, 2026 | Sale(10b5-1 plan) | −14,961 | $278.48 | $4.17M | 75,264 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 8, 2026 | Sale(10b5-1 plan) | −4,823 | $277.53 | $1.34M | 90,225 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 8, 2026 | Sale(10b5-1 plan) | −1,387 | $276.58 | $383.62K | 95,048 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 8, 2026 | Sale(10b5-1 plan) | −2,202 | $274.39 | $604.21K | 96,435 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 8, 2026 | Sale(10b5-1 plan) | −2,428 | $273.09 | $663.06K | 98,637 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 8, 2026 | Sale(10b5-1 plan) | −1,713 | $272.41 | $466.64K | 101,065 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 8, 2026 | Conversion | +33,003 | – | – | 102,778 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 4, 2026 | Sale(10b5-1 plan) | −4,804 | $282.87 | $1.36M | 69,775 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 4, 2026 | Sale(10b5-1 plan) | −17,603 | $281.93 | $4.96M | 74,579 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 4, 2026 | Sale(10b5-1 plan) | −7,843 | $281.02 | $2.20M | 92,182 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 4, 2026 | Sale(10b5-1 plan) | −2,753 | $279.73 | $770.10K | 100,025 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 4, 2026 | Conversion | +33,003 | – | – | 102,778 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 3, 2026 | Sale(10b5-1 plan) | −2,210 | $281.73 | $622.62K | 69,775 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 3, 2026 | Sale(10b5-1 plan) | −6,177 | $281.07 | $1.74M | 71,985 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 3, 2026 | Sale(10b5-1 plan) | −4,744 | $279.77 | $1.33M | 78,162 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 3, 2026 | Sale(10b5-1 plan) | −5,396 | $278.92 | $1.51M | 82,906 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 3, 2026 | Sale(10b5-1 plan) | −7,273 | $277.79 | $2.02M | 88,302 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 3, 2026 | Sale(10b5-1 plan) | −7,203 | $276.79 | $1.99M | 95,575 |
| Michelle Zatlyn PRESIDENT & BOARD CO-CHAIR, Director | Sep 3, 2026 | Conversion | +33,003 | – | – | 102,778 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 21, 2026 | Sale(10b5-1 plan) | −956 | $280.42 | $268.08K | 69,865 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 21, 2026 | Sale(10b5-1 plan) | −5,259 | $279.72 | $1.47M | 70,821 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 21, 2026 | Sale(10b5-1 plan) | −5,624 | $278.78 | $1.57M | 76,080 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 21, 2026 | Sale(10b5-1 plan) | −5,642 | $277.95 | $1.57M | 81,704 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 21, 2026 | Sale(10b5-1 plan) | −4,236 | $276.67 | $1.17M | 87,346 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 21, 2026 | Sale(10b5-1 plan) | −8,990 | $275.66 | $2.48M | 91,582 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 21, 2026 | Sale(10b5-1 plan) | −2,206 | $274.47 | $605.48K | 100,572 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 21, 2026 | Conversion | +33,003 | – | – | 102,778 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 21, 2026 | Sale(10b5-1 plan) | −90 | $281.31 | $25.32K | 69,775 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 20, 2026 | Sale(10b5-1 plan) | −759 | $291.80 | $221.48K | 69,775 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 20, 2026 | Sale(10b5-1 plan) | −136 | $289.30 | $39.34K | 70,534 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 20, 2026 | Sale(10b5-1 plan) | −2,544 | $288.01 | $732.70K | 70,670 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 20, 2026 | Sale(10b5-1 plan) | −2,335 | $287.00 | $670.15K | 73,214 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 20, 2026 | Sale(10b5-1 plan) | −3,109 | $286.10 | $889.48K | 75,549 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 20, 2026 | Sale(10b5-1 plan) | −8,467 | $285.16 | $2.41M | 78,658 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 20, 2026 | Sale(10b5-1 plan) | −8,646 | $284.05 | $2.46M | 87,125 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 20, 2026 | Sale(10b5-1 plan) | −7,007 | $283.21 | $1.98M | 95,771 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 20, 2026 | Conversion | +33,003 | – | – | 102,778 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 19, 2026 | Sale(10b5-1 plan) | −3 | $300.84 | $903 | 69,775 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 19, 2026 | Sale(10b5-1 plan) | −1,217 | $298.98 | $363.86K | 69,778 |
| Michelle Zatlyn President and Board Co-Chair, Director | Aug 19, 2026 | Sale(10b5-1 plan) | −824 | $297.99 | $245.54K | 70,995 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Zatlyn Michelle Officer | Oct 5, 2026 | 297,027 | $106.78M | Oct 5, 2026 | Acquired as compensation -- Stock Options |
| Carl Ledbetter Director | Sep 22, 2026 | 25,000 | $8.83M | Sep 22, 2026 | Restricted Stock Units |
| Seifert Thomas Officer | Sep 17, 2026 | 10,000 | $3.25M | Sep 17, 2026 | Exercise of Stock Options |
| M. Starzak Alissa Officer | Aug 18, 2026 | 2,538 | $773.28K | Aug 18, 2026 | Restricted Stock |
| Seifert Thomas Officer | Aug 17, 2026 | 10,000 | $3.16M | Aug 17, 2026 | Exercise of Stock Options |
| M. Starzak Alissa Officer | Aug 17, 2026 | 3,333 | $1.03M | Aug 17, 2026 | Stock Option Exercise |
| Seifert Thomas Officer | Aug 4, 2026 | 55,000 | $15.55M | Aug 4, 2026 | Exercise of Stock Options |
| Hawkins Mark Director | Aug 3, 2026 | 133 | $36.94K | Aug 3, 2026 | Restricted Stock |
| Seifert Thomas Officer | Jul 17, 2026 | 10,000 | $2.72M | Jul 17, 2026 | Exercise of Stock Options |
| Zatlyn Michelle Officer | Jul 13, 2026 | 297,082 | $80.07M | Jul 13, 2026 | Acquired as compensation -- Stock Options |
| Carl Ledbetter Director | Jul 7, 2026 | 15,000 | $4.02M | Jul 7, 2026 | Restricted Stock Units |
| Graham-Cumming John Director | Jul 6, 2026 | 5,040 | $1.25M | Jul 6, 2026 | Acquired as compensation -- Stock Options |
| Prince Matthew Officer | Jul 1, 2026 | 471,486 | $116.13M | Jul 1, 2026 | Originally acquired Class B common shares from Issuer in private transaction; Class B common shares to be converted to Class A common shares in connection with any sales. |
| Hawkins Mark Director | Jul 1, 2026 | 133 | $33.12K | Jul 1, 2026 | Restricted Stock |
| Prince Matthew Officer | Jun 22, 2026 | 157,152 | $34.32M | Jun 22, 2026 | Acquired as compensation -- Restricted Stock Units |