Prince Matthew, an insider at Cloudflare Inc (NET), sold 31,795 shares of the company's stock at a price of $203.34 per share, totaling $6.47 million. Following this transaction, he retains an equal number of shares in the company.
This sale is part of routine insider activity, which can occur for various reasons such as diversification or personal financial needs. While significant insider selling may attract attention, it does not inherently indicate negative sentiment towards the company.
Cloudflare, headquartered in San Francisco, California, provides cloud-based services aimed at securing websites. The company employs 4,616 full-time staff and has a market capitalization of $72.0 billion. Its upcoming earnings reports are expected on July 29, 2026, with an estimated EPS of $0.29 and revenue of $660.0 million, and on May 6, 2026, with an estimated EPS of $0.26 and revenue of $619.7 million.
Insider transactions are reported to the SEC, providing transparency into executive stock activities. However, investors should consider these transactions in the context of broader insider activity and other market factors rather than as isolated signals.