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Cloudflare, Inc. (NYSE:NET) Chief Legal Officer Douglas Kramer recently sold a significant portion of his holdings in the company’s Class A common stock. According to a recent SEC filing, Kramer disposed of 9,000 shares on April 1, 2025, in three separate transactions. The sales were conducted at prices ranging from $111.71 to $113.89 per share, totaling approximately $1,015,506. The stock, which has seen a 44% surge over the past six months according to InvestingPro data, currently trades above its Fair Value estimate.
Following these transactions, Kramer retains ownership of 188,406 shares in Cloudflare. The sales were executed under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan for selling stock to avoid concerns about insider trading. The company maintains impressive gross profit margins of 77% and operates with a moderate debt level. InvestingPro subscribers can access 15 additional key insights and a comprehensive analysis of Cloudflare’s financial health in the Pro Research Report.
In other recent news, Cloudflare has made significant strides by enhancing its board of directors with the addition of three new members, including former NYSE President Stacey Cunningham, former CTO John Graham-Cumming, and Harvard Business School Professor Dr. Karim Lakhani. These appointments are expected to bolster Cloudflare’s financial and technical expertise. In financial developments, Goldman Sachs reiterated a Buy rating for Cloudflare with a price target of $161, emphasizing the potential growth in AI inference and the company’s Act III products. The firm projects Cloudflare’s Annual Recurring Revenue (ARR) could reach $1.3 billion by 2030, driven by advancements in AI-enabled compute.
Additionally, Cloudflare launched "Cloudflare for AI," a suite of tools designed to secure AI applications against threats like data leakage and unauthorized access. This move aligns with the company’s commitment to integrating AI with security measures. JMP analysts also maintained a Market Outperform rating and $180 price target following Cloudflare’s Investor Day, highlighting the company’s innovative strategies and leadership under CEO Matthew Prince. The company’s strategic initiatives, such as the addition of GPU cards to servers and the growth of the Cloudflare Workers platform, were noted as key factors in its market performance.
Furthermore, TD Cowen maintained a Buy rating with a $162 price target, citing Cloudflare’s strong product development and market strategy. The firm’s analysts noted the company’s commitment to achieving $5 billion in ARR by 2028 and its focus on expanding its enterprise presence. These developments underscore Cloudflare’s continued emphasis on innovation and growth in the connectivity cloud sector.
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