NHL signs licensing deals with prediction-market startups Kalshi and Polymarket - WSJ
Douglas James Kramer, Chief Legal Officer at Cloudflare, Inc. (NYSE:NET), recently executed a series of transactions involving the company’s stock. On February 3, 2025, Kramer sold 2,481 shares of Cloudflare’s Class A Common Stock at a price of $131.66 per share, amounting to a total of $326,648. The stock has since climbed to $144.29, marking a new 52-week high amid an impressive 78.5% gain over the past year. According to InvestingPro analysis, the stock is currently trading above its Fair Value. This sale was conducted under a pre-established Rule 10b5-1 trading plan, which had been adopted on November 29, 2023.
Following this transaction, Kramer holds 175,688 shares of Cloudflare’s Class A Common Stock. Additionally, the report indicates other non-transactional movements involving the conversion and exercise of stock options, although these did not involve any cash consideration.
In other recent news, Cloudflare Inc . has been the subject of various adjustments by financial analysts. Needham raised its price target for Cloudflare to $160, anticipating enhanced results following recent changes to the company’s go-to-market strategy. Meanwhile, Baird cut its rating from Outperform to Neutral, yet raised its price target to $140, citing a more balanced risk-reward scenario. Truist Securities also increased its price target to $140, forecasting a 25.6% year-over-year increase in revenue for fiscal year 2025.
JMP Securities followed suit, raising its price target to $135, justifying this by pointing to Cloudflare’s strong top-line growth and large total addressable market. Lastly, Citi upgraded its rating on Cloudflare stock from Neutral to Buy, significantly increasing the price target to $145, due to expectations of revenue growth and a profitable scale by the end of 2028. These are recent developments that reflect the ongoing adjustments in Cloudflare’s strategic focus and its anticipated financial performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.