John Graham-Cumming, an insider at Cloudflare Inc (NET), executed a significant sale of 495,882 shares on December 14, 2025. The shares were sold at a price of $200.11 each, resulting in a total transaction value of $99.23 million. Following this transaction, Graham-Cumming retains an equal number of shares in the company.
Cloudflare, headquartered in San Francisco, California, provides cloud-based services that secure websites. The company employs 4,616 full-time staff and went public on September 13, 2019. Its offerings include website and application services aimed at enhancing security, performance, and reliability, alongside a suite of Zero Trust and network services to safeguard internal networks.
Insider selling can occur for various reasons, including diversification, tax planning, and personal financial needs. While notable selling patterns may attract attention, routine sales do not inherently signal negative sentiment towards the company. Investors are advised to consider insider transactions as one data point among many, rather than relying solely on isolated events.
Insider transactions are reported to the SEC, providing transparency into executive actions. Observing patterns of insider activity across multiple individuals and time periods can yield more comprehensive insights for investors.
Cloudflare's current market capitalisation stands at $68.9 billion, with an earnings per share (EPS) of -0.30. Upcoming earnings reports are anticipated on May 6, 2026, and July 29, 2026, with EPS estimates of $0.26 and $0.29, respectively.