Riley Janel, an insider at Cloudflare Inc (NET), executed a sale of 56,244 shares on November 17, 2025, at a price of $198.83 per share, totaling approximately $11.18 million. Following this transaction, Janel retains an equal number of shares in the company.
Cloudflare, headquartered in San Francisco, California, specializes in cloud-based services designed to secure websites. The company has a market capitalization of $69.9 billion and reported an earnings per share (EPS) of -0.30 for the trailing twelve months. Its upcoming earnings are scheduled for July 28, 2026, with an estimated EPS of $0.28 and projected revenue of $659.6 million.
Insider selling can occur for various reasons, including diversification, tax planning, or personal financial needs. While significant selling activities may attract investor scrutiny, they do not inherently signal negative sentiment towards the company. It is essential for investors to consider insider transactions as part of a broader analysis, rather than as standalone indicators.
Transactions by insiders must be reported to the SEC, providing transparency into their stock activities. While Janel's sale represents a notable data point, investors are encouraged to examine patterns across multiple insiders and time frames for a more comprehensive understanding of insider sentiment.