Graham-Cumming John, an insider at Cloudflare Inc (NET), sold 496,993 shares of the company stock at a price of $198.19 per share, totaling $98.50 million. Following this transaction, John holds an equal number of shares in Cloudflare.
This sale is part of routine insider activity, which may occur for various reasons such as diversification or personal financial needs. While significant insider selling can attract scrutiny, it does not inherently indicate negative sentiment toward the company. Investors should consider such transactions as one aspect among many in their analyses.
Cloudflare, headquartered in San Francisco, California, provides cloud-based services to secure websites and applications. The company, which went public on September 13, 2019, has a market capitalization of $68.9 billion and employs 4,616 full-time staff. Its earnings per share (EPS) for the trailing twelve months stands at -0.30. Upcoming earnings are scheduled for July 29, 2026, with an estimated EPS of $0.29 and revenue of $660.0 million, following a prior estimate of $0.26 EPS and $619.7 million revenue on May 6, 2026.
Insider transactions are reported to the SEC, offering transparency into executive stock movements. Investors may benefit from analyzing patterns of insider activity over time, rather than focusing solely on isolated transactions.