Cloudflare Inc (NYSE:NET) CFO Thomas Seifert sold 50,000 shares of the company's stock on February 9, 2024, according to a recent SEC Filing. The transaction was executed at an average price of $110.11 per share, resulting in a total value of $5,505,500.
Cloudflare Inc is a global cloud services provider that delivers a range of services to businesses of all sizes and in various industries. Its services include secure content delivery network (CDN) services, DDoS mitigation, Internet security, distributed domain name server services, and more. The company aims to help businesses secure and accelerate their online presence.
Over the past year, the insider has sold a total of 525,911 shares and has not made any purchases. The recent sale by CFO Thomas Seifert is part of a broader trend observed within the company, where there have been 97 insider sells and no insider buys over the past year.
Shares of Cloudflare Inc were trading at $110.11 on the day of the insider's recent sale, giving the company a market capitalization of $35.65 billion.
The stock's price-to-GF-Value ratio stands at 1.19, indicating that Cloudflare Inc is modestly overvalued according to the GF Value. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
The insider transaction history and the GF Value are important indicators for investors who track insider behaviors and company valuation. The recent insider sell by CFO Thomas Seifert may prompt investors to consider whether the stock's current price reflects its underlying value and future growth prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
