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Cloudflare, Inc. (NASDAQ: NET) Chief Legal Officer Douglas James Kramer, sold a total of $766,599 worth of Class A Common Stock on November 3, 2025, according to a Form 4 filing with the Securities and Exchange Commission.
The transactions involved three separate sales. Kramer sold 955 shares at a weighted average price of $254.6648, with prices ranging from $254.15 to $255.1425. He also sold 1,163 shares at a weighted average price of $255.5833, in a range of $255.18 to $256.11. Additionally, 882 shares were sold at a weighted average price of $256.4072, with prices varying from $256.25 to $256.84.
The filing also indicates that Kramer exercised options to acquire 18,500 shares of Class B Common Stock at an exercise price of $2.04.
In other recent news, Cloudflare Inc. has reported strong third-quarter results, leading to several analysts raising their price targets for the company. Stifel has increased its price target to $275, highlighting Cloudflare’s largest top-line beat since its public debut, with a 43% year-over-year growth in remaining performance obligations. Cantor Fitzgerald also raised its target to $224, citing a 3% revenue beat and a 1.7% increase in guidance for future quarters. Truist Securities followed suit, setting a $275 target, driven by growth in Cloudflare’s largest customer cohort and success with new product offerings. TD Cowen adjusted its target to $265, acknowledging a 31% revenue growth and a 43% rise in remaining performance obligations. Piper Sandler increased its target to $249, praising Cloudflare’s execution and net-customer growth, especially in the upmarket segment. These developments indicate a positive outlook from analysts, reflecting confidence in Cloudflare’s recent performance and future potential.
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