Asahi shares mark weekly slide after cyberattack halts production
Cloudflare, Inc. (NASDAQ: NET) Chief Legal Officer Douglas James Kramer sold 8,990 shares of Class A Common Stock on October 1, 2025, according to a new SEC filing. The sales, executed under a Rule 10b5-1 trading plan, fetched a total of $1.9 million. The prices for these shares ranged from $213.1449 to $214.8175. The transaction comes as Cloudflare’s stock has shown remarkable strength, delivering an 85% return over the past six months and trading near its 52-week high of $230.10.
The filing reveals three separate sales transactions. The first involved 5,342 shares, the second 3,148 shares, and the third 510 shares. Following these transactions, Kramer directly owns 132,185 shares of Cloudflare, representing a stake in the now $76 billion market cap company. According to InvestingPro analysis, the stock appears slightly overvalued at current levels, with 14 additional exclusive insights available to subscribers.
In other recent news, Cloudflare, Inc. announced its quarterly earnings, revealing a strong performance with a focus on expanding its services and partnerships. The company reported a significant partnership with Giga, a joint initiative of UNICEF and the International Telecommunication Union, to track global school connectivity through its Speed Test solution. Additionally, Cloudflare plans to launch a U.S. dollar-backed stablecoin called NET Dollar to facilitate secure AI-driven transactions.
The company is also expanding its Project Galileo initiative to assist nonprofits and independent media organizations in managing AI usage on their websites. In a strategic move, Cloudflare has become the first Cloud Access Security Broker to integrate with major generative AI platforms, including ChatGPT Enterprise, Claude by Anthropic, and Google Gemini. Meanwhile, Stifel reiterated its Buy rating on Cloudflare, maintaining a $230 price target, indicating confidence in the company’s growth opportunities. These developments highlight Cloudflare’s ongoing efforts to enhance its technological capabilities and expand its market presence.
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