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Cloudflare, Inc. (NYSE:NET), a technology company with a market capitalization of $41.2 billion, recently disclosed that its Chief Financial Officer, Thomas J. Seifert, sold 10,000 shares of Class A common stock. The sale, executed on March 20, 2025, was conducted at a price of $120 per share, totaling $1.2 million. This transaction was part of a pre-established Rule 10b5-1 trading plan, adopted by Seifert in late November 2024. The stock has shown strong momentum, gaining over 43% in the past six months.
Following the sale, Seifert’s direct ownership of Cloudflare’s Class A common stock stands at 293,582 shares. Additionally, Seifert exercised options to acquire 10,000 shares of Class B common stock, which can be converted into Class A shares on a one-to-one basis at his discretion. These transactions reflect the ongoing management of Seifert’s holdings in the company, as he continues to navigate his role as CFO. According to InvestingPro data, Cloudflare maintains impressive gross profit margins of 77.3% and has demonstrated strong revenue growth of 28.8% over the last twelve months. For deeper insights into Cloudflare’s valuation and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Cloudflare Inc . has introduced Cloudflare for AI, a suite of security tools aimed at protecting artificial intelligence applications from threats like data leakage and unauthorized access. This launch underscores Cloudflare’s commitment to supporting AI adoption with a security-first approach. Following the company’s Investor Day, JMP analysts maintained their Market Outperform rating and $180 price target, highlighting Cloudflare’s innovation in AI and developer strategies. TD Cowen also maintained a Buy rating with a $162 price target, citing Cloudflare’s effective execution strategies and market expansion efforts. Meanwhile, RBC Capital Markets adjusted its price target to $148 from $170, though it kept an Outperform rating, noting Cloudflare’s strong management and ambitious AI strategy. Truist Securities reaffirmed a Buy rating with a $175 target, emphasizing Cloudflare’s strategic initiatives to accelerate growth among large customers. These developments reflect a broad analyst consensus on Cloudflare’s potential for long-term growth and innovation in the AI sector.
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