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Analysts upgrade Cloudflare due to strong growth, but insiders sold $118.8M in stock, reducing ownership to 10.89%.
Analysts have upgraded Cloudflare (NET) with multiple firms raising price targets and switching to "buy" or "outperform" ratings, citing strong growth and market position, though some maintain "hold" or "sell" ratings due to valuation concerns.
CEO Matthew Prince and CFO Thomas Seifert sold significant shares, reducing their stakes substantially, with insiders collectively selling $118.8 million in stock over 90 days, leaving them with 10.89% ownership.
Cloudflare offers global cloud security and performance services for web applications, SaaS, and IoT.
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Los analistas actualizan Cloudflare debido al fuerte crecimiento, pero los expertos vendieron $118.8M en acciones, reduciendo la propiedad al 10.89%.