Zatlyn Michelle, an insider at Cloudflare Inc (NET), has sold 48,122 shares of the company's stock at a price of $206.37 per share, resulting in a total transaction value of $9.93 million. This sale occurred on December 10, 2025, leaving Michelle with 48,122 shares still in her possession.
Insider selling can arise from various motivations, including diversification, tax planning, and personal financial needs. While significant selling activity may attract investor scrutiny, routine transactions by insiders do not inherently signal negative sentiment about the company.
Cloudflare, headquartered in San Francisco, California, provides cloud-based services aimed at securing websites. The company, which went public on September 13, 2019, currently 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.
Investors should consider insider transactions as part of a broader analysis that includes fundamental and technical factors. Patterns of insider activity across multiple executives and time periods can provide more meaningful insights than isolated transactions alone.
Upcoming earnings for Cloudflare are scheduled for July 29, 2026, with an estimated EPS of $0.29 and revenue expected to reach $660 million.