Zatlyn Michelle, an insider of Cloudflare Inc (NET), sold 20,329 shares of the company stock on September 23, 2025. The shares were sold at a price of $222.12 each, bringing the total transaction value to $4.52 million. Following this sale, Michelle retains 20,329 shares of Cloudflare.
This transaction highlights the ongoing activity among insiders at the company. Cloudflare, headquartered in San Francisco, California, provides cloud-based services to secure websites. The firm employs 4,616 full-time employees and went public on September 13, 2019. Its offerings include website and application security services, a secure access service edge (SASE) platform, and developer-based solutions.
As of November 20, 2025, Cloudflare’s market capitalization stands at $67.5 billion, with a trailing twelve-month earnings per share (EPS) of -0.30. The company is expected to report earnings on May 6, 2026, with an EPS estimate of $0.26 and revenue estimate of $619.5 million.
Insider transactions, such as this sale, are reported to the SEC and can provide insights into how executives view their stock. However, such transactions should not solely drive investment decisions, as they may be influenced by personal or regulatory factors. Investors are encouraged to consider patterns of insider activity across multiple insiders and time periods.