Cloudflare (NET) CFO Seifert sells $7.7 million in stock
#Cloudflare #Thomas Seifert #Insider Trading #NASDAQ:NET #Stock Sale #Financial Results #Tech Stocks
📌 Key Takeaways
- Cloudflare CFO Thomas J. Seifert sold 40,697 shares for approximately $7.7 million on February 20, 2026.
- The sale occurred while the stock price was down over 14% for the week, trading near $163.81.
- Cloudflare reported strong Q4 2025 results with 34% revenue growth and significant increases in contract values.
- Major firms like Baird and TD Cowen have issued positive ratings with price targets up to $265.
- Seifert still retains direct ownership of 104,230 shares following the transactions and options exercises.
📖 Full Retelling
Cloudflare, Inc. Chief Financial Officer Thomas J. Seifert sold 40,697 shares of Class A Common Stock for approximately $7.7 million on the NASDAQ exchange on February 20, 2026, a transaction disclosed to the public shortly after the company's stock suffered a 14.43% decline over the past week. The sales were executed at weighted prices ranging between $177.18 and $195.19 per share, significantly higher than the current trading price of $163.81, prompting market attention regarding insider activity during a period of stock volatility.
Alongside the divestment, Seifert engaged in additional restructuring of his holdings, exercising options to acquire 10,000 shares of Class A Common Stock and converting 10,000 shares of Class B Common Stock into Class A. Following these complex financial maneuvers, the CFO’s direct ownership stands at 104,230 shares of Cloudflare Class A Common Stock. These transactions come despite a backdrop of strong corporate performance, as Cloudflare recently reported robust financial results for the fourth quarter of 2025, including a 34% year-over-year revenue surge and a 48% increase in remaining performance obligations.
Market analysts have largely maintained a bullish outlook on the internet infrastructure company, potentially contextualizing the insider sale as a personal liquidity event rather than a loss of confidence in the firm. Baird upgraded the stock to "Outperform" with a price target of $260.00, while TD Cowen reiterated a "Buy" rating, citing artificial intelligence as a primary growth driver with a target of $265.00. Barclays also raised its price objective to $250.00, noting the company’s largest annual contract value deal to date. However, Cantor Fitzgerald maintained a "Neutral" stance with a $224.00 target, citing concerns over valuation despite acknowledging the company's robust growth trajectory and recent integration of post-quantum encryption into its security platform.
🏷️ Themes
Insider Trading, Financial Markets, Technology Sector, Corporate Earnings
📚 Related People & Topics
Insider trading
Trading using nonpublic information
# Insider Trading **Insider trading** is the trading of a public company's stock or other securities (such as bonds or stock options) based on **material, nonpublic information** about the company. While the practice is common, its legality is subject to complex regulations that vary significantly ...
Cloudflare
American technology company
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act pri...
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Original Source
Cloudflare, Inc. (NASDAQ:NET) Chief Financial Officer Thomas J. Seifert sold 40,697 shares of Class A Common Stock on February 20, 2026, for approximately $7.7 million. The sales were executed at prices ranging from $177.1821 to $195.19. The timing comes as the stock has declined 14.43% over the past week, with shares currently trading at $163.81. On the same day, Seifert also exercised options to acquire 10,000 shares of Class A Common Stock. Additionally, 10,000 shares of Class B Common Stock were converted into Class A Common Stock. Following these transactions, Seifert directly owns 104,230 shares of Cloudflare Class A Common Stock.
According to InvestingPro analysis, the stock currently trades above its Fair Value, with 12 additional ProTips available to subscribers for deeper investment insights.
In other recent news, Cloudflare Inc. reported strong financial results for the fourth quarter of 2025, with a 34% year-over-year revenue growth. The company also saw a significant increase in remaining performance obligations, growing 48% year-over-year, and a 50% rise in annual contract value. Baird upgraded Cloudflare’s stock rating to Outperform, highlighting the company’s multiple growth vectors and raising the price target to $260.00. Meanwhile, TD Cowen reiterated its Buy rating, pointing to artificial intelligence as a key growth driver, with a price target set at $265.00. Barclays also raised its price target to $250.00, citing strong growth in contracted remaining performance obligations and noting Cloudflare’s largest annual contract value deal to date. Cantor Fitzgerald maintained a Neutral rating with a $224.00 price target, acknowledging strong growth but expressing concerns over valuation.
Additionally, Cloudflare announced the integration of post-quantum encryption into its Secure Access Service Edge platform, enhancing its security offerings. These developments underscore Cloudflare’s ongoing expansion and strategic advancements in the tech industr...
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