Cloudflare Inc (NET, Financial), a company that provides a cloud platform for website security and performance enhancement, has reported an insider sale according to a recent SEC filing. Chief Financial Officer Thomas Seifert sold 15,000 shares of the company on April 3, 2024.
Thomas Seifert has been active in the market over the past year, selling a total of 558,603 shares and making no purchases of the company's stock during that time. This latest transaction is part of a series of sales by the insider, as indicated by the data.
The insider transaction history for Cloudflare Inc (NET) shows a trend of insider sales, with 108 recorded over the past year and no insider buys in the same period.
On the day of the sale, shares of Cloudflare Inc were trading at $94.91, giving the company a market capitalization of $31.49 billion. The stock's price-to-GF-Value ratio stands at 0.99, suggesting that it is Fairly Valued according to the GF Value metric.
The GF Value is a proprietary valuation metric used by GuruFocus, which takes into account historical trading multiples, an adjustment factor based on the company's historical performance, and future business performance estimates provided by Morningstar analysts.
The insider trend image above reflects the recent selling activity by company insiders, which may be of interest to investors monitoring insider behaviors.
The GF Value image provides a visual representation of the stock's current valuation in relation to its intrinsic value estimate, as calculated by GuruFocus.
For more detailed information on insider transactions and stock valuations, investors and analysts are encouraged to visit the SEC filing and the GuruFocus website.
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.
