Cloudflare CFO Thomas Seifert sells $3.7m in company stock

Chief Financial Officer Thomas J. Seifert of Cloudflare, Inc. (NASDAQ:NET) sold approximately $3.74 million worth of the company's Class A Common Stock on October 19, 2026. This transaction occurred under a pre-arranged Rule 10b5-1 trading plan that Seifert had adopted on November 20, 2025. At the time of the sale, Cloudflare's stock was trading at $297.58, which investment analysis suggests is overvalued relative to its estimated Fair Value.

Seifert disposed of 12,500 shares of Cloudflare stock, with sales at weighted average prices ranging between $297.2919 and $304.15 per share. On the same day, he used performance stock options to purchase 12,500 additional shares at an exercise price of $44.72 per share, valued at $559,000. The performance options are eligible for vesting based on reaching certain stock price targets.

Additionally, Seifert sold 2,944 shares on October 15, 2026, to cover tax liabilities associated with the vesting of restricted stock units. Currently, Seifert holds a total of 104,958 shares directly, along with 92,337 shares indirectly through a trust. He also holds 487,500 performance stock options. Despite the recent stock price decline of 15% over the past week, Cloudflare's stock has gained 48% over the past six months.

Investors can find more detailed valuation analysis in the Pro Research Report for Cloudflare and 1,400+ other US equities. Cloudflare has also attracted attention from analysts in recent updates, with TD Cowen raising its price target to $375 and maintaining a Buy rating, expecting a 31% revenue increase for the third quarter of 2026.