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Cloudflare (NYSE:NET), Inc. NASDAQ:NET Chief Financial Officer Thomas J. Seifert sold 18,732 shares of Class A Common Stock on July 21, 2025, for a total value of $8.8 million. The sales were executed at prices ranging from $196.534 to $200.1765, near the stock’s 52-week high of $200.76. The company, currently valued at $66.15 billion, has delivered impressive returns of 142% over the past year. According to InvestingPro analysis, the stock appears overvalued at current levels.
Seifert also acquired 35,670 shares of Class A Common Stock through the conversion of Class B Common Stock.
Additionally, Seifert exercised options to purchase 10,000 shares of Class B Common Stock at a price of $2.04.
In other recent news, Cloudflare has been the subject of multiple analyst updates. RBC Capital raised its price target for Cloudflare to $210, citing strong momentum in the company’s Workers platform following impressive first-quarter results. Wells Fargo (NYSE:WFC) also increased its price target to $225, maintaining an Overweight rating and expressing optimism about the company’s upcoming second-quarter earnings, driven by large deals and growing demand for DDoS protection services. TD Cowen followed suit, raising its price target to $200, highlighting the robust demand for Cloudflare’s platform amid economic uncertainties.
In addition to these analyst actions, Cloudflare experienced a significant outage on July 14, impacting its 1.1.1.1 service and causing downtime for some customers. The company attributed the global disruption to a misconfiguration of legacy systems. Despite this, JMP Securities maintained its rating on the stock, even as the outage led to a temporary decline in Cloudflare’s stock price. These developments reflect the ongoing interest and challenges facing Cloudflare in the current market.
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