Carl Ledbetter, an insider at Cloudflare Inc (NET), executed a significant sale of 985,572 shares on November 16, 2025, at a price of $208.30 per share, totaling approximately $205.29 million. Following this transaction, Ledbetter retains the same number of shares in the company.
Cloudflare, headquartered in San Francisco, California, specializes in providing cloud-based services that secure websites. The company, which went public on September 13, 2019, has a market capitalization of $69.9 billion and employs 4,616 full-time staff. Its offerings include a comprehensive suite of security and performance solutions for websites and applications, as well as a secure access service edge (SASE) platform designed to ensure the security of network traffic.
Insider selling can occur for various reasons, such as diversification, tax planning, or personal financial needs. While large sales may attract attention, they do not inherently signal negative sentiment toward the company. Investors are advised to consider insider transactions as one of many factors in their analysis, rather than relying solely on individual trades.
Such decisions reflect the need for transparency in how executives view their stock holdings. The SEC mandates that insider transactions be reported, providing valuable insights into the activities of company insiders. Investors should also examine patterns of insider activity over time and across multiple insiders to better understand potential implications for the stock.
Upcoming earnings for Cloudflare are scheduled for May 5, 2026, with an estimated EPS of $0.26 and revenue of $619.5 million, followed by another report on July 28, 2026, with an estimated EPS of $0.28 and revenue of $659.6 million.