Insider selling is routine and immaterial in size. No actionable signal — ignore for trading purposes. Monitor next earnings release for any fundamental changes.
Price Chart
Executive Summary
Two Cloudflare insiders — Director Carl Ledbetter and President/Co-Chair Michelle Zatlyn — sold a combined $3.45M in open-market shares over the past week. The total represents ~0.005% of Cloudflare's $74.6B market cap, a trivial amount that does not signal material concern. The cluster is routine and lacks any accompanying material corporate event (no earnings, no restructuring, no late filing).
Key Financial Metrics
Key Facts
- Director Carl Ledbetter sold 9,991 shares at ~$215.85 for $2.16M on 2026-04-28
- President/Co-Chair Michelle Zatlyn sold 6,200 shares at ~$207.71 for $1.29M on 2026-04-22
- Total insider sales of $3.45M represent ~0.005% of Cloudflare's $74.6B market cap
- No non-cash transactions (grants, tax withholdings, exercises) in this cluster
- No earnings, restructuring, late filing, or other material corporate event in the window
Financial Impact
Total insider sales of $3.45M — trivial relative to $74.6B market cap
Risk Factors
- Insider selling could accelerate if management anticipates headwinds, but current volume is too small to indicate anything
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NET-1777581329607 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | Insider Cluster | $324.65 $352.33 | ▲ +8.53% | ▲ +5.96% | $349.07 (+7.52%) |
Sep 15, 2026 16d ago | Insider Cluster | $324.65 $352.33 | ▲ +8.53% | ▲ +5.96% | $349.07 (+7.52%) |
Sep 2, 2026 4w ago | Court Ruling | $272.74 $311.17 | ▲ +14.09% | ▲ +15.05% | $349.07 (+27.99%) |
Aug 21, 2026 5w ago | Insider Cluster | $280.35 $305.11 | ▲ +8.83% | ▲ +8.36% | $349.07 (+24.51%) |
Aug 19, 2026 6w ago | Insider Cluster | $278.91 $308.23 | ▲ +10.51% | ▲ +9.40% | $349.07 (+25.16%) |
Aug 19, 2026 6w ago | Insider Cluster | $278.91 $308.23 | ▲ +10.51% | ▲ +9.40% | $349.07 (+25.16%) |
Aug 13, 2026 7w ago | 8-K | $315.78 $293.14 | ▼ −7.17% | ▼ −5.80% | $349.07 (+10.54%) |
Aug 11, 2026 7w ago | Insider Cluster | $311.45 $291.88 | ▼ −6.28% | ▼ −5.84% | $349.07 (+12.08%) |
Aug 6, 2026 8w ago | Insider Cluster | $300.27 $315.78 | ▲ +5.17% | ▲ +4.77% | $349.07 (+16.25%) |
Aug 5, 2026 8w ago | Insider Cluster | $284.43 $330.83 | ▲ +16.31% | ▲ +15.10% | $349.07 (+22.73%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access