Riley Janel, an insider at Cloudflare Inc (NET), sold 59,423 shares of the company on November 17, 2025, at a price of $188.89 per share. The total transaction value amounted to $11.22 million. Following this sale, Janel retains 59,423 shares of Cloudflare.
This transaction highlights the ongoing activity among insiders at the technology firm, which specializes in providing cloud-based services to secure websites. Cloudflare, headquartered in San Francisco, employs 4,616 full-time staff and has a market capitalization of $69.9 billion. The company went public on September 13, 2019, and has continued to expand its offerings, which include a suite of security and performance solutions for websites and applications.
Insider selling can occur for a variety of reasons, including personal financial needs or strategic financial planning. While significant sales may draw investor attention, they do not inherently indicate a negative outlook for the company. It is essential for investors to consider insider transactions as part of a broader analysis, alongside fundamental and technical factors.
As part of regulatory requirements, such transactions must be reported to the SEC, providing transparency into how executives and board members perceive their stock. Investors are encouraged to examine patterns of insider activity over time and across multiple insiders to gain a more comprehensive understanding of these signals.
Looking ahead, Cloudflare is set to report its upcoming earnings on May 5, 2026, with an estimated EPS of $0.26 and revenue of $619.5 million. The following earnings report is scheduled for July 28, 2026, with an estimated EPS of $0.28 and revenue of $659.6 million.