Carl Ledbetter, an insider at Cloudflare Inc (NET), sold 974,207 shares of the company's stock on December 29, 2025, at a price of $201.25 per share. This transaction totaled $196.06 million.
Following this sale, Ledbetter retains 974,207 shares of Cloudflare Inc. Insider selling can occur for various reasons, including diversification, tax planning, or personal financial needs. While large sales may attract attention, routine transactions do not necessarily indicate negative sentiment towards the company.
Cloudflare, headquartered in San Francisco, California, provides cloud-based services to secure websites. The company has a market capitalization of $70.3 billion and employs 4,616 full-time staff. It went public on September 13, 2019. The upcoming earnings report is scheduled for July 29, 2026, with an EPS estimate of $0.29 and revenue estimate of $660.0 million.
Insider transactions must be reported to the SEC, offering transparency into executives' views on their stock. However, selling activity from a single insider represents just one data point for investors, who should consider broader patterns of insider activity over time.
Investors are encouraged to look at the overall context of insider trades, rather than isolated events, when evaluating these signals.