John Graham-Cumming, an insider at Cloudflare Inc (NET), sold 496,424 shares of the company's stock on December 14, 2025, at a price of $199.03 per share, resulting in a total transaction value of $98.80 million. Following this sale, he retains 496,424 shares of Cloudflare.
This transaction highlights the complexity of insider selling, which can stem from various motivations such as diversification, tax planning, or personal financial needs. While significant selling activity can raise questions, it does not inherently reflect negative sentiment toward the company. Investors should consider insider transactions as one of many data points rather than basing decisions solely on them.
Insider transactions are required to be reported to the SEC, providing transparency into the actions of company executives and board members. However, it is crucial for investors to examine patterns of insider activity across multiple individuals and time periods, rather than focusing on isolated events.
Cloudflare, headquartered in San Francisco, California, operates in the technology sector, providing cloud-based services to secure websites. The company, which went public on September 13, 2019, has a current market capitalization of $68.9 billion and employs 4,616 full-time staff. The upcoming earnings report on July 29, 2026, is anticipated to show earnings per share of $0.29 and revenue of $660 million.