Cloudflare Inc (NET) Director Maria Eitel Sells 6,875 Shares
On February 29, 2024, Director Maria Eitel sold 6,875 shares of Cloudflare Inc (NYSE:NET), as reported in a recent SEC filing. The transaction was executed with the shares priced at $98.51 each, resulting in a total sale amount of $677,256.25.
Cloudflare Inc (NYSE:NET) is a company that provides a cloud platform for website security and performance enhancement. The company's services include distributed denial-of-service (DDoS) attack mitigation, secure content delivery, and internet security. Cloudflare's solutions are designed to protect and accelerate any internet application online without adding hardware, installing software, or changing a line of code.
According to the data provided, over the past year, the insider has sold a total of 6,875 shares and has not made any purchases of the company's stock. The recent sale by Maria Eitel is part of a broader trend observed within the company, where there have been 100 insider sells and no insider buys over the past year.
Shares of Cloudflare Inc were trading at $98.51 on the day of the insider's transaction, giving the company a market capitalization of $33.27 billion.
The stock's price-to-GF-Value ratio stands at 1.04, indicating that Cloudflare Inc is Fairly Valued according to the GF Value. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on the company's historical returns and growth, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent insider selling activity at Cloudflare Inc.
The GF Value image provides a visual representation of Cloudflare Inc's current valuation in relation to its intrinsic value estimate.
For more detailed information on insider transactions and stock performance, investors and analysts are encouraged to visit the SEC filing through the provided link.
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.
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