Cloudflare (NET)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	185.91 mm	185.91 mm	185.91 mm	185.91 mm	185.91 mm	185.91 mm
Cash burn (monthly)	(no burn)	(no burn)	10.26 mm	13.57 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	28.71 mm	37.97 mm	n/a	n/a
Cash remaining	n/a	n/a	157.19 mm	147.94 mm	n/a	n/a
Runway (months of cash)	n/a	n/a	15.3	10.9	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Cloudflare earnings reports.

Institutional ownership, Q3 2024

NET institutional ownership history Ownership history

95.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	666	647	+2.9%
Opened positions	85	67	+26.9%
Closed positions	66	123	-46.3%
Increased positions	236	260	-9.2%
Reduced positions	217	209	+3.8%

13F shares	Current	Prev Q	Change
Total value	20.01 tn	20.64 tn	-3.1%
Total shares	281.27 mm	296.78 mm	-5.2%
Total puts	8.87 mm	6.62 mm	+34.0%
Total calls	6.98 mm	7.02 mm	-0.6%
Total put/call ratio	1.3	0.9	+34.8%

Largest owners	Shares	Value	Change
Capital World Investors	35.15 mm	$2.84 tn	+5.4%
Baillie Gifford & Co	32.51 mm	$2.63 tn	-0.6%
Vanguard	30.37 mm	$2.46 tn	+1.8%
MS Morgan Stanley	24.49 mm	$1.98 tn	-8.6%
BLK BlackRock	18.09 mm	$1.46 tn	NEW
Venrock Associates V	14.80 mm	$1.12 bn	0.0%
New Enterprise Associates 13	13.16 mm	$1.00 bn	0.0%
FMR	12.19 mm	$986.05 bn	-7.2%
STT State Street	6.39 mm	$517.00 bn	+1.4%
Sands Capital Management	6.34 mm	$513.20 bn	-1.9%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	18.09 mm	+18.09 mm	NEW
BLK BlackRock	0.00	-17.77 mm	EXIT
Lord, Abbett & Co.	0.00	-13.36 mm	EXIT
MS Morgan Stanley	24.49 mm	-2.30 mm	-8.6%
Norges Bank	0.00	-2.05 mm	EXIT
Capital World Investors	35.15 mm	+1.81 mm	+5.4%
Marshall Wace	2.90 mm	+1.35 mm	+87.3%
First Trust Advisors	5.68 mm	-1.18 mm	-17.2%
FMR	12.19 mm	-946.03 k	-7.2%
Citadel Advisors	706.12 k	-933.14 k	-56.9%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

NET insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
20 Dec 24	Prince Matthew	Class A Common Stock	Sell	Dispose S	Yes	Yes	113.2438	1,705	193.08 k	10,762
20 Dec 24	Prince Matthew	Class A Common Stock	Sell	Dispose S	Yes	Yes	112.5136	26,695	3.00 mm	12,467
20 Dec 24	Prince Matthew	Class A Common Stock	Sell	Dispose S	Yes	Yes	111.8772	15,663	1.75 mm	39,162
20 Dec 24	Prince Matthew	Class A Common Stock	Sell	Dispose S	Yes	Yes	110.3463	2,201	242.87 k	54,825
20 Dec 24	Prince Matthew	Class A Common Stock	Sell	Dispose S	Yes	Yes	109.5908	5,239	574.15 k	57,026
20 Dec 24	Prince Matthew	Class A Common Stock	Sell	Dispose S	Yes	Yes	108.5015	881	95.59 k	62,265
20 Dec 24	Prince Matthew	Class A Common Stock	Conversion	Acquire C	Yes	No	0	52,384	0.00	63,146
20 Dec 24	Prince Matthew	Class B Common Stock Class A Common Stock	Conversion	Dispose C	Yes	No	0	52,384	0.00	8,175,794
19 Dec 24	Prince Matthew	Class A Common Stock	Sell	Dispose S	Yes	Yes	110.5889	2,944	325.57 k	10,762
19 Dec 24	Prince Matthew	Class A Common Stock	Sell	Dispose S	Yes	Yes	109.5135	3,240	354.82 k	13,706