Zatlyn Michelle, an insider at Cloudflare Inc (NET), executed a sale of 27,326 shares on December 10, 2025, at a price of $209.45 per share, resulting in a total transaction value of $5.72 million. Following this transaction, Michelle retains an equal number of shares in the company.
Cloudflare, headquartered in San Francisco, California, specializes in providing cloud-based services that secure websites. The company, which went public on September 13, 2019, has a market capitalization of $74.8 billion and employs 4,616 full-time staff. Its offerings include a comprehensive suite of website and application services designed to enhance security, performance, and reliability.
Insider selling can occur for a variety of reasons, including diversification, tax planning, or personal financial needs. While such transactions may attract investor attention, they do not inherently indicate negative sentiment towards the company. It is essential for investors to consider broader patterns of insider activity, rather than focusing solely on isolated transactions.
Moreover, insider transactions are reported to the SEC, ensuring transparency regarding how company executives perceive their own stock. Investors may find it beneficial to analyze trends in insider behavior across multiple individuals and periods, complementing their evaluation with other fundamental and technical factors.
Cloudflare is set to report its next earnings on May 6, 2026, with an estimated EPS of $0.26 and revenue of $619.7 million, followed by another announcement on July 29, 2026, with an estimated EPS of $0.29 and revenue of $660.0 million.