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Cloudflare, Inc. NASDAQ:NET, a $72.5 billion market cap company trading near its 52-week high of $211.27, saw Chief Legal Officer Douglas James Kramer sell 2,999 shares of Class A Common Stock on August 1, 2025, according to a Form 4 filing with the Securities and Exchange Commission. According to InvestingPro data, the stock has delivered an impressive 152% return over the past year. The sales were executed at weighted average prices ranging from $197.4083 to $199.2637, resulting in a total transaction value of $594663.
The filing indicates that the sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted by Kramer on November 25, 2024. Following the transactions, Kramer directly owns 157,377 shares of Cloudflare Class A Common Stock.
In other recent news, Cloudflare Inc (NYSE:NET). reported its financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved earnings per share of $0.21, exceeding the forecasted $0.18, which represents a 16.67% surprise. Revenue for the quarter reached $512.3 million, outperforming the consensus estimate of $501.0 million. Following these strong earnings, Citizens JMP raised its price target for Cloudflare to $250 from $225, maintaining a Market Outperform rating. These developments reflect a positive outlook from analysts on Cloudflare’s financial performance. The company’s ability to exceed earnings and revenue expectations has been noted as a significant factor in these assessments. Investors showed optimism in response to the earnings report.
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