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Cloudflare, Inc. (NET)

USD280.39 +10.86 (+4.03%)
US NYSE Technology Software - Infrastructure
Address 101 Townsend Street 94107
San Francisco, CA, US
CEO Matthew Prince
IPO 2019-09-13
CIK 1477333 ISIN US18915M1071

Explore sections of this company profile

Description

Cloudflare, Inc. functions as a global provider of cloud-based services. The company delivers a comprehensive, integrated cloud security platform designed to safeguard a diverse array of digital environments, encompassing public and private clouds, on-premises infrastructure, Software-as-a-Service (SaaS) applications, and Internet of Things (IoT) devices. Its security portfolio features tools such as cloud firewalls, bot mitigation, distributed denial-of-service (DDoS) protection, IoT security, SSL/TLS encryption, secure origin connections, and rate limiting capabilities. Beyond security, Cloudflare also boosts online performance through services like content delivery networks (CDNs), intelligent routing, and various content, mobile, and image optimization tools. For enhanced reliability and availability, it provides solutions such as load balancing, its proprietary Anycast network, a virtual backbone, DNS services, DNS resolvers, and virtual waiting rooms. Furthermore, the company offers internal infrastructure tools, including "on-ramps" that facilitate seamless connections for users, devices, or locations to its expansive network, alongside "filters" engineered for data protection, inspection, and access management. Developer-centric solutions encompass serverless computing, programmable networks, website creation, domain registration, a suite of Cloudflare applications, advanced analytics, and data localization management. For individual consumers, Cloudflare provides a DNS Resolver application to improve internet browsing and a Consumer VPN to secure and speed up mobile device traffic. Its clientele spans a broad spectrum of industries, including technology, healthcare, financial services, consumer and retail, non-profit organizations, and government agencies. Established in 2009, Cloudflare, Inc. is headquartered in San Francisco, California.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD280.39 +10.86 (+4.03%)
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Volume Profile
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Liquidity & share structure
Average Volume
4M
Beta
1.67
Float Shares
314.36M
Free Float %
89.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.40% -25.82% +11.95% +0.96% -17.17% -5.18% +31.31% +278.19% +168.25% +938.56% +938.56%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (40 ratings, all time) Buy
Price Targets & DCF
Current price
280.39
Low 140.00 -50.1%
Consensus 221.87 -20.9%
Median 235.00 -16.2%
High 260.00 -7.3%
DCF (Unlevered) 13.99 -95.0%
DCF (Levered) 36.43 -87.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 69% Bullish
Rating 2026-05 Change
Strong Buy 7 0
Buy 17 0
Hold 9 -2
Sell 1 0
Strong Sell 1 0
Price Target Summary
Period # Analysts Avg Target
Last Month 1
235.00
-16.2%
Last Quarter 11
216.82
-22.7%
Last Year 34
233.44
-16.7%
All Time 83
152.52
-45.6%
Quality scores
Altman Z-Score
9.04
Safe zone
Piotroski F-Score
2 / 9
Weak
MOAT Score
2 / 10
No MOAT
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Software - Infrastructure: +13.7%
    +29.9% Q1'26: +33.5% (vs Q1'25)
  • EPS growth Software - Infrastructure: +28.7%
    -26.1% Q1'26: +40.9% (vs Q1'25)
  • FCF margin FCF growth · Software - Infrastructure: +32.2%
    -6.3% Q1'26: +16.7% (vs Q1'25)
  • EBIT margin Software - Infrastructure: +8.8%
    -3.9% Q1'26: -9.6% (vs Q1'25)
  • ROIC Software - Infrastructure: +6.6%
    -7.9% Q1'26: -28.1% (vs Q1'25)
  • Share dilution Software - Infrastructure: +0.0%
    +2.1% Q1'26: +2.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Infrastructure: -1.06×
    17.84× Q1'26: 32.37× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.67) × ERP
WACC = 96% × Ke + 4% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 13.83 Current price: 280.39
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
25 Rev. Ana.
17 EPS Ana.
Dec 2027
25 Rev. Ana.
16 EPS Ana.
Dec 2028
12 Rev. Ana.
5 EPS Ana.
Dec 2029
11 Rev. Ana.
1 EPS Ana.
Dec 2030
6 Rev. Ana.
1 EPS Ana.
Revenue
287.02M
est: 282.19M (+1.7%)
431.06M
est: 423.47M (+1.8%)
656.43M
est: 647.61M (+1.4%)
975.24M
est: 974.54M (+0.1%)
1.30B
est: 1.48B (-12.2%)
1.67B
est: 1.66B (+0.5%)
2.17B
est: 2.15B (+1.1%)
2.81B
2.76B – 2.83B
+30.9% YoY
3.58B
3.50B – 3.81B
+27.4% YoY
4.52B
4.50B – 4.55B
+26.5% YoY
5.41B
5.32B – 5.64B
+19.7% YoY
6.58B
6.47B – 6.86B
+21.6% YoY
EBITDA
-84.42M
est: -21.57M (-291.4%)
-43.69M
est: -68.46M (+36.2%)
-125.18M
est: -148.08M (+15.5%)
-92.13M
est: -165.42M (+44.3%)
-42.62M
est: 525.76M (-108.1%)
62.05M
est: 591.25M (-89.5%)
207.43M
est: 763.32M (-72.8%)
999.18M
981.81M – 1.01B
+30.9% YoY
1.27B
1.24B – 1.35B
+27.4% YoY
1.61B
1.60B – 1.62B
+26.5% YoY
1.93B
1.89B – 2.01B
+19.7% YoY
2.34B
2.30B – 2.44B
+21.6% YoY
EBIT
-113.90M
est: -59.57M (-91.2%)
-110.01M
est: -145.04M (+24.2%)
-219.64M
est: -127.96M (-71.6%)
-237.25M
est: -145.92M (-62.6%)
-237.39M
est: 385.44M (-161.6%)
-65.68M
est: 433.45M (-115.2%)
-83.94M
est: 559.59M (-115.0%)
732.50M
719.77M – 737.75M
+30.9% YoY
933.09M
912.18M – 993.21M
+27.4% YoY
1.18B
1.17B – 1.19B
+26.5% YoY
1.41B
1.39B – 1.47B
+19.7% YoY
1.72B
1.69B – 1.79B
+21.6% YoY
Net Income
-105.83M
est: -170.46M (+37.9%)
-119.37M
est: -162.42M (+26.5%)
-260.31M
est: -268.84M (+3.2%)
-193.38M
est: -302.32M (+36.0%)
-183.95M
est: -106.88M (-72.1%)
-78.80M
est: 258.75M (-130.5%)
-102.27M
est: 318.38M (-132.1%)
416.36M
407.19M – 425.53M
+30.8% YoY
530.76M
462.33M – 599.18M
+27.5% YoY
93.72M
-2.39B – 5.13B
-82.3% YoY
1.03B
1.01B – 1.09B
+1,002.3% YoY
— – —
-100.0% YoY
SGA
240.88M
est: 186.44M (+29.2%)
309.07M
est: 422.31M (-26.8%)
447.19M
est: 460.47M (-2.9%)
645.27M
est: 522.63M (+23.5%)
817.08M
est: 943.00M (-13.4%)
1.02B
est: 1.06B (-3.4%)
1.31B
est: 1.37B (-4.3%)
1.79B
1.76B – 1.80B
+30.9% YoY
2.28B
2.23B – 2.43B
+27.4% YoY
2.89B
2.87B – 2.90B
+26.5% YoY
3.46B
3.40B – 3.60B
+19.7% YoY
4.20B
4.13B – 4.37B
+21.6% YoY
EPS
-0.35
est: -0.50 (+29.9%)
-0.40
est: -0.13 (-213.3%)
-0.83
est: -0.05 (-1,465.3%)
-0.59
est: 0.11 (-623.3%)
-0.55
est: -0.30 (-82.1%)
-0.23
est: 0.74 (-131.0%)
-0.29
est: 0.91 (-131.7%)
1.19
1.17 – 1.22
+30.2% YoY
1.52
1.33 – 1.72
+27.6% YoY
1.95
-6.86 – 14.72
+28.3% YoY
2.97
2.90 – 3.12
+52.2% YoY
— – —
-100.0% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-04-15 Piper Sandler Neutral Overweight Upgrade
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-01 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-15 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
585.05M
OE per share TTM
1.68
Owner's Yield
0.65%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
39.5%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
500
Total invested
5.13B
Insider transactions (90d)
10
Beneficial owners (>5%)
25
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Forest Baskett 52.65M 39.70% 52.65M 52.65M IN 2020-02-13
2 NEA 13 GP, LTD 52.65M 39.70% 52.65M 52.65M CO 2020-02-13
3 NEA Partners 13, L.P. 52.65M 39.70% 52.65M 52.65M PN 2020-02-13
4 New Enterprise Associates 13, L.P. 52.65M 39.70% 52.65M 52.65M PN 2020-02-13
5 Patrick J. Kerins 52.65M 39.70% 52.65M 52.65M IN 2020-02-13
6 Scott D. Sandell 52.65M 39.70% 52.65M 52.65M IN 2020-02-13
7 VEF Management V, LLC 41.80M 32.60% 41.80M 41.80M OO Delaware 2020-02-14
8 Venrock Associates V, L.P. 41.80M 32.60% 41.80M 41.80M PN Delaware 2020-02-14
9 Venrock Entrepreneurs Fund V, L.P. 41.80M 32.60% 41.80M 41.80M PN Delaware 2020-02-14
10 Venrock Management V, LLC 41.80M 32.60% 41.80M 41.80M OO Delaware 2020-02-14
11 Venrock Partners Management V, LLC 41.80M 32.60% 41.80M 41.80M OO Delaware 2020-02-14
12 Venrock Partners V, L.P. 41.80M 32.60% 41.80M 41.80M PN Delaware 2020-02-14
13 UV Partners IV, L.P. 38.63M 11.00% 38.63M 38.63M PN Delaware 2020-02-14
14 Matthew 36.14M 13.40% 27.80M 8.34M 27.80M 8.34M IN United States 2021-02-16
15 Morgan Stanley 27.88M 10.20% 25.43M 27.88M HC, CO Delaware. 2022-02-09
16 Morgan Stanley Investment Management Inc. 27.32M 10.00% 24.87M 27.32M IA, CO Delaware. 2022-02-09
17 Baillie Gifford & Co (Scottish partnership) 18.85M 11.00% IA SCOTLAND UK 2020-08-05
18 The Vanguard Group - 23-1945930 17.22M 7.36% 267.6K IA Pennsylvania 2021-02-10
19 (1) BlackRock, Inc. 15.51M 5.40% 14.03M 15.51M HC Delaware 2023-02-03
20 Frank M. Sands 15.45M 5.40% 11.57M HC, IN United States 2023-02-14
21 Sands Capital Management, LLC 15.45M 5.40% 11.57M IA Delaware 2023-02-14
22 2 11.81M 4.10% 4.00M 7.81M 4.00M 7.81M IN Canada 2022-02-14
23 Future Fund Board of Guardians 4.90M 11.00% 4.90M 4.90M OO Australia 2020-02-12
24 Future Fund Investment Company No.4 Pty Ltd (ACN 134 338 908) 4.90M 11.00% 4.90M 4.90M CO Australia 2020-02-12
25 95-1411037 13.00 5.60% 16.00M 16.03M IA Delaware 2023-02-13

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
500
-652 vs prev Q
New positions
69
Closed positions
671
Increased
270
Reduced
149
Put/Call ratio
0.62
Calls held
905.7K
Puts held
557.7K
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 MACQUARIE MANAGEMENT HOLDINGS, INC. 771.6K +771.6K (+100.0%) 152.13B +152.1B (+100.0%) 0.22% +0.220 pp 0.23% +0.229 pp USD197.15 +0.0% 1 qtrs NEW
2 CAPITAL WORLD INVESTORS 35.83M -4.7M (-11.6%) 7.06B -1.6B (-18.8%) 10.28% -1.377 pp 0.96% -0.227 pp USD95.27 +106.9% 24 qtrs
3 VANGUARD GROUP INC 32.41M +90.4K (+0.3%) 6.39B -545.8M (-7.9%) 9.23% -0.070 pp 0.09% -0.011 pp USD69.06 +185.5% 26 qtrs
4 BLACKROCK, INC. 22.65M +21.1K (+0.1%) 4.47B -390.5M (-8.0%) 6.45% -0.061 pp 0.08% -0.010 pp USD94.19 +109.3% 6 qtrs
5 MORGAN STANLEY 18.01M -1.0M (-5.3%) 3.55B -529.1M (-13.0%) 5.13% -0.342 pp 0.21% -0.035 pp USD85.41 +130.8% 26 qtrs
6 BAILLIE GIFFORD & CO 16.82M -5.0M (-23.0%) 3.32B -1.4B (-29.3%) 4.91% -1.373 pp 2.76% -0.717 pp USD49.58 +297.6% 23 qtrs
7 JPMORGAN CHASE & CO 13.61M +3.0M (+28.8%) 2.68B +416.3M (+18.4%) 3.97% +0.935 pp 0.17% +0.033 pp USD185.63 +6.2% 26 qtrs
8 FMR LLC 12.75M -498.2K (-3.8%) 2.51B -329.3M (-11.6%) 3.63% -0.181 pp 0.13% -0.020 pp USD51.46 +283.1% 26 qtrs
9 STATE STREET CORP 6.99M +178.6K (+2.6%) 1.38B -83.6M (-5.7%) 1.99% +0.031 pp 0.05% -0.005 pp USD89.85 +119.4% 25 qtrs
10 GEODE CAPITAL MANAGEMENT, LLC 6.02M +242.0K (+4.2%) 1.18B -52.6M (-4.3%) 1.71% +0.052 pp 0.07% -0.006 pp USD93.23 +111.5% 25 qtrs
11 FIRST TRUST ADVISORS LP 4.02M +63.2K (+1.6%) 792.38M -56.5M (-6.7%) 1.14% +0.006 pp 0.58% -0.056 pp USD75.76 +160.2% 25 qtrs
12 SANDS CAPITAL MANAGEMENT, LLC 3.73M -77.0K (-2.0%) 735.62M -81.6M (-10.0%) 1.07% -0.025 pp 2.24% -0.017 pp USD103.59 +90.3% 20 qtrs
13 INVESCO LTD. 3.70M -264.0K (-6.7%) 729.59M -121.2M (-14.2%) 1.05% -0.087 pp 0.11% -0.022 pp USD162.07 +21.6% 23 qtrs
14 NORGES BANK 3.64M +3.6M (+100.0%) 718.32M +718.3M (+100.0%) 1.05% +1.046 pp 0.08% +0.077 pp USD197.15 +0.0% 1 qtrs NEW
15 FRANKLIN RESOURCES INC 3.58M +410.2K (+13.0%) 704.95M +25.7M (+3.8%) 1.03% +0.115 pp 0.17% +0.004 pp USD95.10 +107.3% 26 qtrs
16 AMERICAN CENTURY COMPANIES INC 3.17M +243.4K (+8.3%) 625.83M -3.1M (-0.5%) 0.90% +0.061 pp 0.31% -0.006 pp USD107.00 +84.3% 21 qtrs
17 LEGAL & GENERAL GROUP PLC 2.82M +131.1K (+4.9%) 556.90M -21.1M (-3.7%) 0.81% +0.036 pp 0.12% -0.006 pp USD73.47 +168.3% 26 qtrs
18 UBS ASSET MANAGEMENT AMERICAS INC 2.46M -20.1K (-0.8%) 485.75M -47.3M (-8.9%) 0.71% -0.008 pp 0.10% -0.013 pp USD85.30 +131.1% 26 qtrs
19 TWO SIGMA ADVISERS, LP 2.34M +805.7K (+52.5%) 461.33M +132.1M (+40.1%) 0.67% +0.225 pp 0.90% +0.238 pp USD177.15 +11.3% 17 qtrs
20 GOLDMAN SACHS GROUP INC 2.33M -94.9K (-3.9%) 460.16M -61.1M (-11.7%) 0.68% -0.017 pp 0.06% -0.007 pp USD144.38 +36.5% 26 qtrs
21 VOYA INVESTMENT MANAGEMENT LLC 2.29M +47.0K (+2.1%) 452.13M -30.2M (-6.3%) 0.66% +0.012 pp 0.45% -0.036 pp USD67.04 +194.1% 23 qtrs
22 BANK OF AMERICA CORP /DE/ 2.29M +57.0K (+2.6%) 450.56M -27.6M (-5.8%) 0.65% +0.010 pp 0.03% +0.000 pp USD164.10 +20.1% 26 qtrs
23 NORTHERN TRUST CORP 1.97M +62.5K (+3.3%) 388.70M -21.0M (-5.1%) 0.56% +0.012 pp 0.05% -0.003 pp USD82.18 +139.9% 25 qtrs
24 JENNISON ASSOCIATES LLC 1.86M +1.7M (+802.6%) 367.41M +323.1M (+729.3%) 0.54% +0.485 pp 0.22% +0.195 pp USD197.10 +0.0% 3 qtrs
25 JANE STREET GROUP, LLC 1.86M +37.8K (+2.1%) 367.13M -24.4M (-6.2%) 0.54% +0.019 pp 0.06% -0.004 pp USD167.46 +17.7% 6 qtrs
26 GILDER GAGNON HOWE & CO LLC 1.75M -82.0K (-4.5%) 345.89M -48.2M (-12.2%) 0.50% -0.029 pp 3.65% -0.365 pp USD27.50 +616.9% 26 qtrs
27 D. E. SHAW & CO., INC. 1.74M -28.1K (-1.6%) 343.40M -36.4M (-9.6%) 0.50% -0.013 pp 0.19% -0.026 pp USD184.14 +7.1% 21 qtrs
28 ROYAL BANK OF CANADA 1.71M -67.3K (-3.8%) 337.85M -44.3M (-11.6%) 0.49% -0.024 pp 0.06% -0.008 pp USD118.31 +66.6% 26 qtrs
29 WELLINGTON MANAGEMENT GROUP LLP 1.71M +451.3K (+35.9%) 336.54M +67.1M (+24.9%) 0.49% +0.125 pp 0.06% +0.012 pp USD195.73 +0.7% 8 qtrs
30 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.64M +336.8K (+25.8%) 323.26M +43.7M (+15.6%) 0.48% +0.104 pp 0.10% +0.018 pp USD187.25 +5.3% 4 qtrs
31 DEUTSCHE BANK AG\ 1.59M +207.7K (+15.0%) 313.19M +16.9M (+5.7%) 0.46% +0.067 pp 0.10% +0.003 pp USD93.12 +111.7% 23 qtrs
32 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.53M +64.7K (+4.4%) 301.88M -12.8M (-4.1%) 0.44% +0.017 pp 0.05% -0.003 pp USD86.86 +127.0% 25 qtrs
33 SQUAREPOINT OPS LLC 1.53M +624.3K (+69.2%) 300.96M +107.4M (+55.4%) 0.44% +0.179 pp 0.32% +0.126 pp USD183.71 +7.3% 24 qtrs
34 AMUNDI 1.33M +603.1K (+82.8%) 262.50M +101.5M (+63.1%) 0.38% +0.170 pp 0.07% +0.020 pp USD135.91 +45.1% 19 qtrs
35 TWO SIGMA INVESTMENTS, LP 1.26M +20.6K (+1.7%) 247.94M -17.5M (-6.6%) 0.36% +0.002 pp 0.35% -0.045 pp USD103.65 +90.2% 17 qtrs
36 PICTET ASSET MANAGEMENT HOLDING SA 1.18M -89.9K (-7.1%) 231.84M -39.8M (-14.7%) 0.34% -0.021 pp 0.23% -0.037 pp USD111.88 +76.2% 10 qtrs
37 CITADEL ADVISORS LLC 1.17M -27.5K (-2.3%) 230.37M -26.3M (-10.2%) 0.33% -0.011 pp 0.03% -0.005 pp USD74.28 +165.4% 25 qtrs
38 1832 ASSET MANAGEMENT L.P. 1.15M -177.8K (-13.4%) 226.31M -58.2M (-20.4%) 0.33% -0.055 pp 0.17% -0.052 pp USD81.38 +142.3% 13 qtrs
39 SUMITOMO MITSUI TRUST HOLDINGS, INC. 1.13M -150.4K (-11.8%) 221.91M -51.9M (-19.0%) 0.33% -0.038 pp 0.13% -0.027 pp USD71.98 +173.9% 24 qtrs
40 SUSQUEHANNA INTERNATIONAL GROUP, LLP 1.11M +15.7K (+1.4%) 218.72M -16.0M (-6.8%) 0.32% +0.001 pp 0.03% -0.002 pp USD89.28 +120.8% 26 qtrs
41 BANK OF NEW YORK MELLON CORP 1.06M -4.3K (-0.4%) 208.44M -19.4M (-8.5%) 0.30% -0.002 pp 0.04% -0.007 pp USD62.52 +215.3% 25 qtrs
42 HSBC HOLDINGS PLC 1.04M +884.3K (+578.4%) 206.55M +174.1M (+535.7%) 0.30% +0.259 pp 0.11% +0.087 pp USD179.67 +9.7% 15 qtrs
43 STRATEGY CAPITAL LLC 1.04M -120.8K (-10.4%) 205.45M -44.1M (-17.7%) 0.30% -0.036 pp 15.15% -1.358 pp USD80.88 +143.8% 19 qtrs
44 RAYMOND JAMES FINANCIAL INC 1.03M -65.0K (-5.9%) 204.85M -30.2M (-12.9%) 0.29% -0.022 pp 0.06% -0.012 pp USD116.84 +68.7% 5 qtrs
45 PRICE T ROWE ASSOCIATES INC /MD/ 1.03M -320.8K (-23.7%) 203.99M -86.9M (-29.9%) 0.29% -0.095 pp 0.02% -0.009 pp USD119.95 +64.4% 26 qtrs
46 NATIONAL PENSION SERVICE 948.0K +329.3K (+53.2%) 186.90M +54.1M (+40.8%) 0.27% +0.094 pp 0.14% +0.035 pp USD143.12 +37.8% 20 qtrs
47 KBC GROUP NV 936.9K +117.2K (+14.3%) 184.71M +8.8M (+5.0%) 0.27% +0.038 pp 0.42% -0.001 pp USD191.89 +2.7% 21 qtrs
48 POLAR CAPITAL HOLDINGS PLC 930.4K -863.1K (-48.1%) 183.42M -201.4M (-52.3%) 0.27% -0.251 pp 0.71% -1.143 pp USD88.20 +123.5% 21 qtrs
49 LORD, ABBETT & CO. LLC 920.6K -157.0K (-14.6%) 181.50M -49.8M (-21.5%) 0.26% -0.046 pp 0.56% -0.132 pp USD125.66 +56.9% 5 qtrs
50 UBS GROUP AG 882.9K -19.3K (-2.1%) 174.07M -19.5M (-10.1%) 0.25% -0.008 pp 0.03% -0.002 pp USD124.89 +57.9% 26 qtrs
51 DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN 882.0K +— (+0.0%) 173.89M -15.2M (-8.0%) 0.25% -0.003 pp 0.15% -0.015 pp USD214.59 -8.1% 2 qtrs
52 SWISS NATIONAL BANK 857.4K -37.8K (-4.2%) 169.04M -23.1M (-12.0%) 0.25% -0.012 pp 0.10% -0.011 pp USD91.50 +115.5% 21 qtrs
53 CITIGROUP INC 807.4K +40.4K (+5.3%) 159.18M -5.4M (-3.3%) 0.23% +0.011 pp 0.07% -0.003 pp USD183.18 +7.6% 25 qtrs
54 NUVEEN, LLC 725.0K +12.9K (+1.8%) 142.94M -9.9M (-6.5%) 0.21% +0.002 pp 0.04% -0.003 pp USD122.62 +60.8% 4 qtrs
55 PENSERRA CAPITAL MANAGEMENT LLC 715.4K +40.6K (+6.0%) 141.03M -3.8M (-2.6%) 0.20% +0.010 pp 1.68% -0.057 pp USD109.52 +80.0% 22 qtrs
56 FEDERATED HERMES, INC. 692.8K -169.2K (-19.6%) 136.59M -48.4M (-26.2%) 0.20% -0.051 pp 0.23% -0.098 pp USD184.75 +6.7% 4 qtrs
57 MARSHALL WACE, LLP 690.7K +164.0K (+31.1%) 136.18M +23.1M (+20.5%) 0.20% +0.045 pp 0.12% +0.009 pp USD128.01 +54.0% 9 qtrs
58 AMERIPRISE FINANCIAL INC 649.0K +52.8K (+8.9%) 127.96M +10.9K (+0.0%) 0.18% +0.013 pp 0.03% -0.001 pp USD100.96 +95.3% 26 qtrs
59 AQR CAPITAL MANAGEMENT LLC 612.7K +49.4K (+8.8%) 120.79M -76.4K (-0.1%) 0.17% +0.012 pp 0.06% -0.014 pp USD141.86 +39.0% 11 qtrs
60 ARTISAN PARTNERS LIMITED PARTNERSHIP 588.6K -126.5K (-17.7%) 116.04M -37.4M (-24.4%) 0.17% -0.038 pp 0.17% -0.044 pp USD144.22 +36.7% 4 qtrs
61 CIBC PRIVATE WEALTH GROUP, LLC 556.6K -22.5K (-3.9%) 109.74M -14.5M (-11.7%) 0.16% -0.007 pp 0.19% -0.027 pp USD176.61 +11.6% 21 qtrs
62 NEUBERGER BERMAN GROUP LLC 552.7K -29.9K (-5.1%) 108.96M -16.1M (-12.8%) 0.16% -0.009 pp 0.08% -0.010 pp USD174.84 +12.8% 22 qtrs
63 CANADA PENSION PLAN INVESTMENT BOARD 547.7K +493.2K (+905.9%) 107.98M +96.3M (+824.2%) 0.16% +0.140 pp 0.07% +0.064 pp USD186.75 +5.6% 8 qtrs
64 BNP PARIBAS ARBITRAGE, SNC 544.9K +406.3K (+293.0%) 107.44M +77.7M (+261.1%) 0.16% +0.115 pp 0.05% +0.033 pp USD176.79 +11.5% 5 qtrs
65 CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 528.9K +8.1K (+1.6%) 104.28M -7.5M (-6.7%) 0.15% +0.001 pp 0.06% -0.007 pp USD83.70 +135.5% 25 qtrs
66 WESTFIELD CAPITAL MANAGEMENT CO LP 519.5K +38.6K (+8.0%) 102.41M -771.2K (-0.7%) 0.15% +0.011 pp 0.43% -0.006 pp USD197.09 +0.0% 3 qtrs
67 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 512.6K +60.6K (+13.4%) 101.05M +4.1M (+4.2%) 0.15% +0.016 pp 0.06% -0.002 pp USD124.49 +58.4% 6 qtrs
68 MITSUBISHI UFJ TRUST & BANKING CORP 489.5K -145.5K (-22.9%) 96.51M -39.8M (-29.2%) 0.14% -0.040 pp 0.23% -0.070 pp USD47.52 +314.9% 23 qtrs
69 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 472.4K -7.9K (-1.6%) 93.13M -9.9M (-9.6%) 0.13% -0.004 pp 0.09% -0.013 pp USD78.74 +150.4% 23 qtrs
70 ALLEN INVESTMENT MANAGEMENT LLC 463.9K -62.4K (-11.9%) 91.46M -21.5M (-19.0%) 0.13% -0.018 pp 1.01% -0.241 pp USD86.91 +126.8% 24 qtrs
71 NIKKO ASSET MANAGEMENT AMERICAS, INC. 452.1K -75.2K (-14.3%) 89.12M -24.0M (-21.2%) 0.13% -0.022 pp 1.03% -0.066 pp USD75.69 +160.5% 21 qtrs
72 FRED ALGER MANAGEMENT, LLC 438.5K +1.9K (+0.4%) 86.46M -7.2M (-7.7%) 0.12% -0.001 pp 0.34% -0.026 pp USD116.11 +69.8% 11 qtrs
73 CREDIT AGRICOLE S A 436.3K +25.1K (+6.1%) 86.02M -2.2M (-2.5%) 0.12% +0.006 pp 0.20% -0.039 pp USD213.59 -7.7% 2 qtrs
74 PEREGRINE CAPITAL MANAGEMENT LLC 428.3K -49.5K (-10.4%) 84.45M -18.1M (-17.6%) 0.13% -0.012 pp 2.59% -0.497 pp USD92.23 +113.8% 16 qtrs
75 AUSTRALIANSUPER PTY LTD 417.0K -98.1K (-19.0%) 82.20M -28.3M (-25.6%) 0.12% -0.026 pp 0.38% -0.126 pp USD192.22 +2.6% 11 qtrs
76 BAMCO INC /NY/ 409.6K -44.6K (-9.8%) 80.75M -16.7M (-17.2%) 0.12% -0.014 pp 0.22% -0.040 pp USD55.05 +258.1% 26 qtrs
77 ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC 407.7K +103.0K (+33.8%) 79.92M +13.8M (+20.8%) 0.12% +0.029 pp 0.13% +0.023 pp USD134.03 +47.1% 17 qtrs
78 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 404.7K -98.1K (-19.5%) 79.79M -28.1M (-26.0%) 0.12% -0.029 pp 0.21% -0.049 pp USD70.98 +177.8% 21 qtrs
79 RHUMBLINE ADVISERS 400.2K +919.0 (+0.2%) 78.90M -6.8M (-7.9%) 0.11% -0.001 pp 0.06% -0.005 pp USD69.34 +184.3% 23 qtrs
80 NOMURA ASSET MANAGEMENT CO LTD 398.3K +4.1K (+1.0%) 78.53M -6.1M (-7.2%) 0.11% +0.001 pp 0.20% -0.022 pp USD180.56 +9.2% 21 qtrs
81 VICTORY CAPITAL MANAGEMENT INC 391.8K -22.9K (-5.5%) 77.25M -11.7M (-13.2%) 0.11% -0.008 pp 0.04% -0.008 pp USD169.78 +16.1% 26 qtrs
82 BESSEMER GROUP INC 358.7K -16.3K (-4.4%) 70.71M -9.8M (-12.1%) 0.10% -0.003 pp 0.11% -0.015 pp USD109.01 +80.9% 18 qtrs
83 CONGRESS ASSET MANAGEMENT CO /MA 344.0K -57.8K (-14.4%) 67.81M -18.4M (-21.3%) 0.10% -0.018 pp 0.48% -0.096 pp USD195.83 +0.7% 3 qtrs
84 SEI INVESTMENTS CO 342.4K +82.1K (+31.5%) 67.50M +11.6M (+20.8%) 0.10% +0.023 pp 0.07% +0.007 pp USD121.99 +61.6% 24 qtrs
85 DIMENSIONAL FUND ADVISORS LP 334.6K +7.5K (+2.3%) 65.97M -4.2M (-6.0%) 0.10% +0.001 pp 0.01% -0.001 pp USD88.08 +123.8% 22 qtrs
86 ALYESKA INVESTMENT GROUP, L.P. 332.3K +242.1K (+268.3%) 65.51M +46.2M (+238.3%) 0.09% +0.069 pp 0.19% +0.127 pp USD198.56 -0.7% 3 qtrs
87 CAPTION MANAGEMENT, LLC 329.0K +32.0K (+10.8%) 64.86M +1.1M (+1.8%) 0.09% +0.008 pp 0.44% -0.052 pp USD196.76 +0.2% 8 qtrs
88 WELLS FARGO & COMPANY/MN 325.0K +— (+0.0%) 64.07M -5.7M (-8.1%) 0.09% -0.001 pp 0.01% -0.002 pp USD165.72 +19.0% 4 qtrs
89 WHITTIER TRUST CO 312.2K +73.7K (+30.9%) 61.82M +10.1M (+19.6%) 0.09% +0.023 pp 0.67% +0.081 pp USD196.55 +0.3% 24 qtrs
90 MITSUBISHI UFJ KOKUSAI ASSET MANAGEMENT CO., LTD. 308.2K +16.1K (+5.5%) 60.40M -2.3M (-3.6%) 0.09% +0.006 pp 0.04% -0.004 pp USD103.24 +91.0% 25 qtrs
Ownership breakdown by holder

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.10
Bearish
Ratio by volume
0.34
Bearish
Buys
7
Sells
73
Shares acquired
189.5K
Shares disposed
562.0K
Cash buys
Cash sales
62.00
Net activity
-372,550
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-05-05 Ledbetter Carl Director S-Sale D Class A Common Stock 15,000 238.12 3.57M 908,073 I
2026-05-04 Graham-Cumming John Director M-Exempt A Class A Common Stock 2,520 44.72 112.7K 496,587 D
2026-05-01 Ledbetter Carl Director S-Sale D Class A Common Stock 5,009 215.82 1.08M 923,073 I
2026-05-01 Hawkins Mark J Director S-Sale D Class A Common Stock 133 211.62 28.1K 10,189 D
2026-04-29 Starzak Alissa Michelle Officer A-Award A Class A Common Stock 63,305 0.00 128,302 D
2026-04-28 Ledbetter Carl Director S-Sale D Class A Common Stock 9,991 215.85 2.16M 928,082 I
2026-04-22 Zatlyn Michelle Director / Officer C-Conversion D Class B Common Stock 25,641 0.00 0 D
2026-04-21 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 15,001 206.28 3.09M 37,245 I
2026-04-20 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 5,921 201.08 1.19M 34,514 I
2026-04-17 SEIFERT THOMAS J Officer S-Sale D Class A Common Stock 1,475 199.48 294.2K 224,806 D
2026-04-15 SEIFERT THOMAS J Officer F-InKind D Class A Common Stock 2,944 178.65 525.9K 221,681 D
2026-04-08 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 466 218.83 102.0K 3,309 I
2026-04-07 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 12,787 210.72 2.69M 36,803 I
2026-04-06 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 15,997 211.06 3.38M 1,824 I
2026-04-01 Starzak Alissa Michelle Officer Performance Stock Option (right to buy) 100,000 77.70 7.77M 0 D
2026-04-01 Hawkins Mark J Director S-Sale D Class A Common Stock 133 209.60 27.9K 10,322 D
2026-03-27 Graham-Cumming John Director S-Sale D Class A Common Stock 1,278 202.58 258.9K 494,987 D
2026-03-18 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 7,707 214.38 1.65M 39,203 I
2026-03-18 Ledbetter Carl Director S-Sale D Class A Common Stock 15,000 227.05 3.41M 938,073 I
2026-03-17 SEIFERT THOMAS J Officer C-Conversion D Class B Common Stock 10,341 0.00 8,925 D
2026-03-17 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 5,372 213.39 1.15M 131 I
2026-03-16 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 5,164 210.56 1.09M 1,668 I
2026-03-15 SEIFERT THOMAS J Officer F-InKind D Class A Common Stock 2,943 212.45 625.2K 224,625 D
2026-03-05 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 6,046 191.10 1.16M 34,514 I
2026-03-05 Riley Janel Officer S-Sale D Class A Common Stock 23,332 190.00 4.43M 56,791 D
2026-03-04 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 2,297 180.76 415.2K 34,514 I
2026-03-03 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 17,423 174.78 3.05M 35,378 I
2026-03-03 Riley Janel Officer S-Sale D Class A Common Stock 4,160 180.00 748.8K 56,791 D
2026-03-02 Hawkins Mark J Director S-Sale D Class A Common Stock 133 168.62 22.4K 10,455 D
2026-03-02 Graham-Cumming John Director S-Sale D Class A Common Stock 234 176.49 41.3K 496,918 D
2026-02-26 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 5,926 173.06 1.03M 56,879 I
2026-02-25 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 11,904 171.52 2.04M 26,142 I
2026-02-24 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 595 160.17 95.3K 74,700 I
2026-02-23 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 13,259 173.01 2.29M 37,332 I
2026-02-20 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 7,953 191.76 1.53M 51,456 I
2026-02-20 SEIFERT THOMAS J Officer S-Sale D Class A Common Stock 2,766 193.12 534.2K 85,947 D
2026-02-19 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 168 193.11 32.4K 34,514 I
2026-02-15 Zatlyn Michelle Director / Officer F-InKind D Class A Common Stock 20,100 195.85 3.94M 406,811 D
2026-02-15 SEIFERT THOMAS J Officer F-InKind D Class A Common Stock 20,477 195.85 4.01M 117,009 D
2026-02-15 Riley Janel Officer F-InKind D Class A Common Stock 3,151 195.85 617.1K 60,951 D
2026-02-15 Prince Matthew Director / Officer / 10% Owner F-InKind D Class A Common Stock 16,587 195.85 3.25M 406,811 D
2026-02-15 Kramer Douglas James Officer F-InKind D Class A Common Stock 12,452 195.85 2.44M 88,649 D
2026-02-09 Graham-Cumming John Director S-Sale D Class A Common Stock 851 172.85 147.1K 496,638 D
2026-02-06 Zatlyn Michelle Director / Officer A-Award A Class A Common Stock 96,665 0.00 446,309 D
2026-02-06 SEIFERT THOMAS J Officer A-Award A Class A Common Stock 142,116 0.00 227,568 D
2026-02-06 Prince Matthew Director / Officer / 10% Owner A-Award A Class A Common Stock 96,665 0.00 446,309 D
2026-02-04 Riley Janel Officer A-Award A Class A Common Stock 7,958 0.00 64,102 D
2026-02-02 Kramer Douglas James Officer S-Sale D Class A Common Stock 3,000 176.19 528.6K 101,101 D
2026-02-02 Hawkins Mark J Director S-Sale D Class A Common Stock 134 176.19 23.6K 10,588 D
2026-01-27 Ledbetter Carl Director S-Sale D Class A Common Stock 6,904 210.07 1.45M 961,169 I
2026-01-20 SEIFERT THOMAS J Officer S-Sale D Class A Common Stock 1,200 179.41 215.3K 140,086 D
2026-01-15 Zatlyn Michelle Director / Officer C-Conversion D Class B Common Stock 25,641 0.00 0 D
2026-01-14 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 14,158 187.12 2.65M 36,038 I
2026-01-13 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 1,961 185.84 364.4K 48,235 I
2026-01-08 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 14,219 187.46 2.67M 34,350 I
2026-01-07 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 11,057 200.31 2.21M 32,618 I
2026-01-06 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 3,746 197.95 741.5K 0 I
2026-01-05 Ledbetter Carl Director S-Sale D Class A Common Stock 2,267 199.29 451.8K 968,073 I
2026-01-05 Graham-Cumming John Director S-Sale D Class A Common Stock 534 199.37 106.5K 496,254 D
2026-01-02 Kramer Douglas James Officer S-Sale D Class A Common Stock 1,440 198.03 285.2K 108,993 D
2026-01-02 Hawkins Mark J Director S-Sale D Class A Common Stock 134 198.90 26.7K 10,722 D
2025-12-30 Ledbetter Carl Director S-Sale D Class A Common Stock 192 201.25 38.6K 974,207 I
2025-12-29 Ledbetter Carl Director S-Sale D Class A Common Stock 8,035 201.39 1.62M 975,038 I
2025-12-22 Suder Katrin Director S-Sale D Class A Common Stock 2,031 200.00 406.2K 37,723 D
2025-12-22 SEIFERT THOMAS J Officer S-Sale D Class A Common Stock 4,836 201.52 974.5K 141,297 D
2025-12-15 Graham-Cumming John Director S-Sale D Class A Common Stock 542 200.11 108.5K 495,882 D
2025-12-11 Zatlyn Michelle Director / Officer M-Exempt A Class B Common Stock 25,641 0.00 25,641 D
2025-12-10 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 539 207.15 111.7K 24,555 I
2025-12-09 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 10,883 205.44 2.24M 25,903 I
2025-12-05 Prince Matthew Director / Officer S-Sale D Class A Common Stock 3,269 200.99 657.0K 18,586 I
2025-12-04 Prince Matthew Director / Officer S-Sale D Class A Common Stock 4,368 201.42 879.8K 48,016 I
2025-12-03 Prince Matthew Director / Officer S-Sale D Class A Common Stock 5,213 204.41 1.07M 0 I
2025-12-01 Kramer Douglas James Officer S-Sale D Class A Common Stock 1,300 196.02 254.8K 114,801 D
2025-12-01 Hawkins Mark J Director S-Sale D Class A Common Stock 134 197.65 26.5K 10,856 D
2025-11-26 Zatlyn Michelle Director / Officer G-Gift D Class B Common Stock 1 0.00 0 I
2025-11-26 Prince Matthew Director / Officer G-Gift D Class B Common Stock 495,257 0.00 0 I
2025-11-25 Zatlyn Michelle Director / Officer G-Gift D Class B Common Stock 1 0.00 552,438 I
2025-11-25 Prince Matthew Director / Officer G-Gift A Class B Common Stock 495,257 0.00 495,257 I
2025-11-24 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 12,598 188.46 2.37M 37,598 I
2025-11-21 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 4,466 186.40 832.5K 45,730 I
2025-11-20 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 360 197.75 71.2K 53,033 I
2025-11-20 SEIFERT THOMAS J Officer S-Sale D Class A Common Stock 600 196.39 117.8K 148,047 D
2025-11-19 Suder Katrin Director S-Sale D Class A Common Stock 2,031 196.38 398.8K 39,754 D
2025-11-19 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 17,322 195.85 3.39M 29,620 I
2025-11-18 Riley Janel Officer S-Sale D Class A Common Stock 209 188.89 39.5K 59,423 D
2025-11-18 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 1,698 199.98 339.6K 22,175 I
2025-11-17 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 72 208.88 15.0K 22,175 I
2025-11-17 Ledbetter Carl Director S-Sale D Class A Common Stock 4 211.87 847.49 983,073 I
2025-11-15 Zatlyn Michelle Director / Officer M-Exempt D Performance Stock Units 21,889 0.00 131,334 D
2025-11-15 SEIFERT THOMAS J Officer F-InKind D Class A Common Stock 20,476 210.60 4.31M 169,041 D
2025-11-15 Riley Janel Officer F-InKind D Class A Common Stock 3,874 210.60 815.9K 59,632 D
2025-11-15 Prince Matthew Director / Officer / 10% Owner F-InKind D Class A Common Stock 17,321 210.60 3.65M 349,644 D
2025-11-15 Kramer Douglas James Officer F-InKind D Class A Common Stock 13,191 210.60 2.78M 116,101 D
2025-11-11 Kramer Douglas James Officer C-Conversion A Class A Common Stock 7,000 0.00 136,292 D
2025-11-03 Kramer Douglas James Officer S-Sale D Class A Common Stock 882 256.41 226.2K 129,185 D
2025-11-03 Hawkins Mark J Director S-Sale D Class A Common Stock 1,000 254.15 254.2K 10,990 D
2025-11-03 Graham-Cumming John Director S-Sale D Class A Common Stock 74 254.39 18.8K 495,628 D
2025-10-20 SEIFERT THOMAS J Officer C-Conversion D Class B Common Stock 10,000 0.00 8,925 D
2025-10-20 Ledbetter Carl Director S-Sale D Class A Common Stock 2,338 211.76 495.1K 998,073 I
2025-10-16 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 9,422 210.98 1.99M 40,745 I
2025-10-15 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 5,906 218.03 1.29M 46,478 I
2025-10-14 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 2,734 213.28 583.1K 46,500 I
2025-10-13 Graham-Cumming John Director S-Sale D Class A Common Stock 555 220.86 122.6K 496,773 D
2025-10-09 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 2,365 217.66 514.8K 14,575 I
2025-10-08 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 5,936 218.82 1.30M 23,302 I
2025-10-07 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 1,239 220.99 273.8K 14,575 I
2025-10-01 Kramer Douglas James Officer S-Sale D Class A Common Stock 5,342 213.14 1.14M 135,843 D
2025-10-01 Hawkins Mark J Director S-Sale D Class A Common Stock 1,000 212.83 212.8K 11,990 D
2025-09-25 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 862 214.02 184.5K 14,575 I
2025-09-24 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 1,344 222.12 298.5K 20,329 I
2025-09-23 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 656 227.01 148.9K 14,575 I
2025-09-22 SEIFERT THOMAS J Officer S-Sale D Class A Common Stock 400 226.22 90.5K 197,517 D
2025-09-22 Ledbetter Carl Director S-Sale D Class A Common Stock 5,799 224.25 1.30M 1,014,559 I
2025-09-11 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 7,478 227.93 1.70M 8,644 I
2025-09-10 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 19,587 222.04 4.35M 18,006 I
2025-09-09 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 373 219.03 81.7K 0 I
2025-09-02 Kramer Douglas James Officer S-Sale D Class A Common Stock 700 203.34 142.3K 141,185 D
2025-09-02 Hawkins Mark J Director S-Sale D Class A Common Stock 1,000 201.60 201.6K 12,990 D
2025-09-02 Graham-Cumming John Director S-Sale D Class A Common Stock 2,456 206.90 508.1K 498,125 D
2025-08-25 Zatlyn Michelle Director / Officer C-Conversion D Class B Common Stock 25,641 0.00 0 D
2025-08-25 Ledbetter Carl Director S-Sale D Class A Common Stock 3,060 194.85 596.2K 1,040,013 I
2025-08-22 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 4,735 195.06 923.6K 14,575 I
2025-08-21 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 9,328 190.87 1.78M 40,347 I
2025-08-20 SEIFERT THOMAS J Officer C-Conversion D Class B Common Stock 10,000 0.00 8,925 D
2025-08-20 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 11,555 190.36 2.20M 44,232 I
2025-08-19 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 4,125 201.27 830.2K 21,565 I
2025-08-18 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 10,756 200.92 2.16M 37,724 I
2025-08-15 Zatlyn Michelle Director / Officer F-InKind D Class A Common Stock 18,206 195.38 3.56M 367,251 D
2025-08-15 SEIFERT THOMAS J Officer F-InKind D Class A Common Stock 20,478 195.38 4.00M 221,072 D
2025-08-15 Riley Janel Officer F-InKind D Class A Common Stock 3,874 195.38 756.9K 63,489 D
2025-08-15 Prince Matthew Director / Officer / 10% Owner M-Exempt D Performance Stock Units 21,888 0.00 153,223 D
2025-08-15 Kramer Douglas James Officer F-InKind D Class A Common Stock 13,192 195.38 2.58M 144,185 D
2025-08-04 Kramer Douglas James Officer C-Conversion A Class A Common Stock 15,000 0.00 172,377 D
2025-08-01 Kramer Douglas James Officer S-Sale D Class A Common Stock 260 199.26 51.8K 157,377 D
2025-07-28 SEIFERT THOMAS J Officer C-Conversion A Class A Common Stock 5,600 0.00 5,600 I
2025-07-28 Ledbetter Carl Director S-Sale D Class A Common Stock 700 200.96 140.7K 1,043,073 I
2025-07-25 SEIFERT THOMAS J Officer C-Conversion D Class B Common Stock 400 0.00 52,357 I
2025-07-21 SEIFERT THOMAS J Officer M-Exempt A Class B Common Stock 10,000 0.00 18,925 D
2025-07-17 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 13,802 191.07 2.64M 6,390 I
2025-07-16 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 12,011 186.58 2.24M 20,020 I
2025-07-15 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 4,929 183.95 906.7K 6,390 I
2025-07-10 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 8,622 181.74 1.57M 43,762 I
2025-07-09 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 8,211 195.46 1.60M 0 I
2025-07-08 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 1,890 194.51 367.6K 0 I
2025-07-01 Kramer Douglas James Officer S-Sale D Class A Common Stock 2,984 195.33 582.9K 166,393 D
2025-06-30 Ledbetter Carl Director S-Sale D Class A Common Stock 6,950 193.14 1.34M 1,066,123 I
2025-06-20 SEIFERT THOMAS J Officer S-Sale D Class A Common Stock 600 183.63 110.2K 241,650 D
2025-06-17 Ledbetter Carl Director S-Sale D Class A Common Stock 10,050 181.57 1.82M 1,073,073 I
2025-06-13 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 6,468 168.40 1.09M 45,916 I
2025-06-12 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 396 175.94 69.7K 34,447 I
2025-06-12 Ledbetter Carl Director S-Sale D Class A Common Stock 492 181.46 89.3K 1,083,123 I
2025-06-11 Prince Matthew Director / Officer / 10% Owner C-Conversion D Class B Common Stock 34,321 0.00 7,153,923 I
2025-06-11 Ledbetter Carl Director S-Sale D Class A Common Stock 749 181.46 135.9K 1,083,615 I
2025-06-06 Zatlyn Michelle Director / Officer C-Conversion A Class A Common Stock 25,641 0.00 32,031 I
2025-06-05 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 2,641 171.85 453.8K 6,390 I
2025-06-05 Suder Katrin Director S-Sale D Class A Common Stock 608 172.00 104.6K 41,785 D
2025-06-05 SANDELL SCOTT D Director A-Award A Class A Common Stock 1,172 0.00 10,536 D
2025-06-05 Ledbetter Carl Director A-Award A Class A Common Stock 1,172 0.00 19,599 D
2025-06-05 Hawkins Mark J Director A-Award A Class A Common Stock 1,172 0.00 13,990 D
2025-06-04 Zatlyn Michelle Director / Officer C-Conversion A Class A Common Stock 25,642 0.00 32,032 I
2025-06-02 Kramer Douglas James Officer S-Sale D Class A Common Stock 1,350 165.44 223.3K 171,027 D
2025-05-22 Zatlyn Michelle Director / Officer M-Exempt A Class B Common Stock 20,512 0.00 20,512 D
2025-05-21 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 13,724 156.47 2.15M 13,178 I
2025-05-20 Zatlyn Michelle Director / Officer M-Exempt D Employee Stock Option (right to buy) 20,512 2.04 41.8K 2,328,196 D
2025-05-20 SEIFERT THOMAS J Officer C-Conversion D Class B Common Stock 10,000 0.00 8,925 D
2025-05-16 Riley Janel Officer S-Sale D Class A Common Stock 579 152.96 88.6K 70,272 D
2025-05-15 Zatlyn Michelle Director / Officer F-InKind D Class A Common Stock 16,352 154.49 2.53M 381,213 D
2025-05-15 SEIFERT THOMAS J Officer F-InKind D Class A Common Stock 20,476 154.49 3.16M 273,106 D
2025-05-15 Riley Janel Officer F-InKind D Class A Common Stock 3,874 154.49 598.5K 70,851 D
2025-05-15 Prince Matthew Director / Officer / 10% Owner F-InKind D Class A Common Stock 14,137 154.49 2.18M 399,276 D
2025-05-15 Kramer Douglas James Officer F-InKind D Class A Common Stock 13,193 154.49 2.04M 172,377 D
2025-05-14 Prince Matthew Director / Officer / 10% Owner C-Conversion D Class B Common Stock 52,384 0.00 7,464,799 I
2025-05-13 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 20,644 150.39 3.10M 6,026 I
2025-05-01 Kramer Douglas James Officer S-Sale D Class A Common Stock 546 124.18 67.8K 186,530 D
2025-04-25 SEIFERT THOMAS J Officer C-Conversion A Class A Common Stock 10,000 0.00 303,582 D
2025-04-17 Zatlyn Michelle Director / Officer C-Conversion D Class B Common Stock 5,128 0.00 1,355,228 I
2025-04-16 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 7,786 110.61 861.2K 3,465 I
2025-04-15 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 484 108.29 52.4K 19,615 I
2025-04-10 Prince Matthew Director / Officer / 10% Owner C-Conversion A Class A Common Stock 52,384 0.00 52,384 I
2025-04-09 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 376 109.65 41.2K 18,531 I
2025-04-08 Prince Matthew Director / Officer / 10% Owner C-Conversion D Class B Common Stock 52,384 0.00 7,674,335 I
2025-04-01 Kramer Douglas James Officer S-Sale D Class A Common Stock 3,294 112.20 369.6K 194,112 D
2025-03-27 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 1,646 118.53 195.1K 19,765 I
2025-03-27 Lakhani Karim Director Class A Common Stock 0 0.00 3,333 D
2025-03-27 Graham-Cumming John Director Stock Option (right to buy) 30,250 44.72 1.35M 0 D
2025-03-27 Cunningham Stacey Director A-Award A Class A Common Stock 3,373 0.00 3,373 D
2025-03-26 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 3,660 125.32 458.7K 12,973 I
2025-03-25 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 7,081 131.12 928.4K 2,418 I
2025-03-20 SEIFERT THOMAS J Officer C-Conversion A Class A Common Stock 10,000 0.00 303,582 D
2025-03-19 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 14,960 118.47 1.77M 0 I
2025-03-18 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 9,076 112.61 1.02M 43,308 I
2025-03-17 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 16,970 115.88 1.97M 35,414 I
2025-03-05 SEIFERT THOMAS J Officer S-Sale D Class A Common Stock 5,094 143.15 729.2K 295,927 D
2025-03-05 Kramer Douglas James Officer S-Sale D Class A Common Stock 3,000 140.06 420.2K 197,406 D
2025-02-27 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 5,742 142.17 816.3K 40,766 I
2025-02-26 Prince Matthew Director / Officer / 10% Owner C-Conversion D Class B Common Stock 52,384 0.00 7,936,255 I
2025-02-25 Suder Katrin Director S-Sale D Class A Common Stock 1,581 143.47 226.8K 49,581 D
2025-02-25 Prince Matthew Director / Officer / 10% Owner S-Sale D Class A Common Stock 2,183 146.87 320.6K 0 I
2025-02-21 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 2,628 157.68 414.4K 0 I
2025-02-20 Zatlyn Michelle Director / Officer S-Sale D Class A Common Stock 2,759 157.38 434.2K 19,615 I

Executive team

Top executives
EBIT / Employee
-19.1K
Shares Outstanding
353.37M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2024 Thomas Seifert Chief Financial Officer 741.7K 10.12M 10.87M 93.17%
2 2024 Douglas Kramer Chief Legal Officer and Secretary 641.7K 5.06M 5.70M 88.75%
3 2024 Matthew Prince Chief Executive Officer 400.0K 1.68M 2.08M 0.00%
4 2024 Michelle Zatlyn President 400.0K 960.5K 1.36M 0.00%
5 2023 Matthew Prince Chief Executive Officer 400.0K 19.33M 784.0K 20.52M 94.23%
6 2023 Michelle Zatlyn President and Chief Operating Officer 400.0K 19.33M 327.5K 20.06M 96.37%
7 2023 Michelle Zatlyn President 400.0K 19.33M 327.5K 20.06M 96.37%
8 2023 Thomas Seifert Chief Financial Officer 650.0K 12.89M 3.58M 17.12M 96.20%
9 2023 Douglas Kramer Chief Legal Officer and Secretary 550.0K 6.44M 2.13M 9.12M 93.97%
10 2022 Thomas Seifert Chief Financial Officer 650.0K 3.62M 32.66M 36.93M 98.24%
11 2022 Douglas Kramer General Counsel and Secretary 550.0K 2.26M 19.42M 22.23M 97.53%
12 2022 Douglas Kramer Chief Legal Officer and Secretary 550.0K 2.26M 19.42M 22.23M 97.53%
13 2022 Michelle Zatlyn President and Chief Operating Officer 400.0K 1.05M 1.45M 0.00%
14 2022 Matthew Prince Chief Executive Officer 400.0K 199.7K 599.7K 0.00%
15 2021 Thomas Seifert Chief Financial Officer 650.0K 4.19M 4.84M 86.57%
16 2021 Douglas Kramer General Counsel and Secretary 550.0K 2.62M 3.17M 82.65%
17 2021 Matthew Prince Chief Executive Officer 400.0K 400.0K 0.00%
18 2021 Michelle Zatlyn President and Chief Operating Officer 400.0K 400.0K 0.00%
19 2020 Thomas Seifert Chief Financial Officer 650.0K 650.0K 0.00%
20 2020 Douglas Kramer General Counsel and Secretary 550.0K 550.0K 0.00%
21 2020 Matthew Prince Chief Executive Officer 400.0K 34.7K 434.7K 0.00%
22 2020 Michelle Zatlyn President and Chief Operating Officer 400.0K 17.5K 417.5K 0.00%
23 2019 Douglas Kramer General Counsel and Secretary 550.0K 2.64M 3.19M 82.74%
24 2019 Thomas Seifert Chief Financial Officer 650.0K 650.0K 0.00%
25 2019 Michelle Zatlyn Chief Operating Officer 400.0K 400.0K 0.00%
26 2019 Michelle Zatlyn President and Chief Operating Officer 400.0K 400.0K 0.00%
27 2019 Matthew Prince Chief Executive Officer 400.0K 400.0K 0.00%
28 2018 Thomas Seifert Chief Financial Officer 650.0K 40.0K 690.0K 0.00%
29 2018 Douglas Kramer General Counsel and Secretary 537.7K 537.7K 0.00%
30 2018 Michelle Zatlyn President and Chief Operating Officer 400.0K 400.0K 0.00%
31 2018 Matthew Prince Chief Executive Officer 400.0K 400.0K 0.00%
32 2018 Michelle Zatlyn Chief Operating Officer 400.0K 400.0K 0.00%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-07 8-K/A
2026-05-07 8-K
2026-05-05 4
2026-05-05 4
2026-05-04 4
2026-05-04 4
2026-04-30 4
2026-04-30 4
2026-04-29 SC 13G
2026-04-29 SC 13G

Executive team

NameTitleCompensationGender
Matthew Prince Co-Founder, Co-Chairman & Chief Executive Officer 2M male
Michelle Zatlyn Co-Founder, President & Co-Chair of the Board 2M female
Thomas Josef Seifert Chief Financial Officer 750.0K male
Douglas James Kramer Chief Legal Officer & Secretary 641.7K male
Alissa Starzak Chief Legal Officer & Secretary 641.7K female
Mark F. Anderson President of Revenue 7.7K male
Isaac Specter Head of Product Strategy Operations male
Janel Riley Vice President of Finance & Chief Accounting Officer female
Justin Paine Head of Trust & Safety male
Kate Head of Customer Success, APAC female
Philip Alan Winslow Jr. Jr. Vice President of Strategic Finance, Treasury and Investor Relations male
W. Ling Head of Governance Risk & Compliance female
ESG Rating
B
SOFTWARE - INFRASTRUCTURE
2026
E (Environmental)
99.3 / 65.1
Company / Sector avg.
S (Social)
61.2 / 63.5
Company / Sector avg.
G (Governance)
65.4 / 65.6
Company / Sector avg.
ESG Total
75.3 / 64.7
Company / Sector avg.
ESG Score History SOFTWARE - INFRASTRUCTURE
Benchmark vs Sector
Political Trading Activity (25M)
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity
Transaction Date Disclosed Representative District Owner Type Amount Link
2026-02-04 2026-03-17 Josh Gottheimer NJ05 Joint Sale $1,001 - $15,000
2026-01-30 2026-02-13 Gilbert Cisneros CA31 Purchase $1,001 - $15,000
2025-12-24 2026-01-12 Gilbert Cisneros CA31 Sale (Full) $1,001 - $15,000
2025-11-18 2025-12-15 Gilbert Cisneros CA31 Purchase $1,001 - $15,000
2025-10-17 2025-11-18 Gilbert Cisneros CA31 Purchase $1,001 - $15,000
2025-09-12 2025-10-10 Gilbert Cisneros CA31 Purchase $1,001 - $15,000
2025-06-20 2025-07-17 Josh Gottheimer NJ05 Joint Purchase $1,001 - $15,000
2025-05-12 2025-06-23 Jefferson Shreve IN06 Sale $15,001 - $50,000
2025-04-08 2025-05-08 Rob Bresnahan PA08 Sale (Full) $1,001 - $15,000
2025-04-04 2025-04-23 Rob Bresnahan PA08 Sale $1,001 - $15,000
2025-02-10 2025-03-07 Rob Bresnahan PA08 Self Purchase $1,001 - $15,000
2022-12-06 2023-01-03 Ro Khanna CA17 Sale $1,001 - $15,000
2022-11-03 2022-12-06 Ro Khanna CA17 Spouse Purchase $1,001 - $15,000
2022-11-02 2022-12-06 Ro Khanna CA17 Purchase $1,001 - $15,000
2022-08-23 2022-09-08 Ro Khanna CA17 Spouse Purchase $1,001 - $15,000
2022-06-16 2022-07-07 Ro Khanna CA17 Spouse Sale $1,001 - $15,000
2022-05-23 2022-06-10 Ro Khanna CA17 Spouse Purchase $1,001 - $15,000
2022-05-05 2022-06-10 Ro Khanna CA17 Spouse Purchase $1,001 - $15,000
2022-01-21 2022-02-08 Ro Khanna CA17 Spouse Purchase $1,001 - $15,000
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits