Microvast Holdings announces departure of chief financial officer
SAN FRANCISCO—On February 25, Suder Katrin, a director at Cloudflare, Inc. (NYSE:NET), executed a series of stock sales totaling approximately $1.45 million. The transactions involved the sale of 9,941 shares of Cloudflare’s Class A common stock. The sales come as the company, now valued at nearly $49 billion, has seen its shares surge 78% over the past six months, according to InvestingPro data.
The sales were conducted under a pre-established Rule 10b5-1 trading plan, which was adopted by Katrin on November 25, 2024. The shares were sold at prices ranging from $143.47 to $146.96 per share, with analyst price targets spanning from $60 to $200. The company maintains impressive gross profit margins of 77%.
Following these transactions, Katrin’s direct ownership of Cloudflare shares decreased to 41,221 shares. The sales were executed in multiple transactions, with the prices for each tranche varying within the specified range. For deeper insights into Cloudflare’s valuation and 14 additional exclusive ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Cloudflare Inc . reported a 27% year-over-year revenue increase, surpassing both Mizuho (NYSE:MFG)’s and Wall Street’s expectations. The company’s performance led several firms to adjust their price targets. Mizuho raised its target to $160 while maintaining a neutral rating, citing Cloudflare’s strong architecture and innovation potential, despite concerns about high valuation. TD Cowen increased its target to $162, maintaining a Buy rating due to Cloudflare’s strong fourth-quarter performance and strategic execution, particularly in the U.S. market.
RBC Capital Markets also raised their target to $170, highlighting Cloudflare’s successful go-to-market strategy and strong year-end results. Citi analysts went further, setting a new target of $180 and maintaining a Buy rating, driven by Cloudflare’s customer acquisition and sales efficiency. Piper Sandler increased their target to $153, keeping a Neutral rating, noting potential re-acceleration in the latter half of 2025. These developments underscore a generally optimistic outlook among analysts, with varying degrees of confidence in Cloudflare’s strategic direction and market positioning.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.