Insider selling is trivial in size relative to market cap and does not signal material concern. Monitor for any upcoming earnings or material events that could have prompted the sales, but no immediate action warranted.
Price Chart
Executive Summary
Two Cloudflare insiders sold a combined $3.45M in open-market stock over the past week, including a director and the President/Co-Chair. The sales represent ~0.005% of the $74.6B market cap, making them trivial in proportional terms. No insider buying occurred, and the non-cash grant to the CLO is routine.
Key Financial Metrics
Key Facts
- Director Carl Ledbetter sold 9,991 shares at $215.85 for $2.16M on 2026-04-28
- President Michelle Zatlyn sold 6,200 shares at $207.71 for $1.29M on 2026-04-22
- CLO Alissa Starzak received a non-cash grant of 63,305 shares at $0 on 2026-04-29
- Total cluster value of $3.45M represents ~0.005% of Cloudflare's $74.6B market cap
- No insider purchases in the cluster window
Financial Impact
Total insider selling of $3.45M, negligible relative to $74.6B market cap
Risk Factors
- Insider selling could increase if management perceives headwinds ahead of next earnings
- No insider buying to offset the selling pattern
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-1777591707953 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | Insider Cluster | $324.65 $352.33 | ▲ +8.53% | ▲ +5.96% | $351.33 (+8.22%) |
Sep 15, 2026 16d ago | Insider Cluster | $324.65 $352.33 | ▲ +8.53% | ▲ +5.96% | $351.33 (+8.22%) |
Sep 2, 2026 4w ago | Court Ruling | $272.74 $311.17 | ▲ +14.09% | ▲ +15.05% | $351.33 (+28.81%) |
Aug 21, 2026 5w ago | Insider Cluster | $280.35 $305.11 | ▲ +8.83% | ▲ +8.36% | $351.33 (+25.32%) |
Aug 19, 2026 6w ago | Insider Cluster | $278.91 $308.23 | ▲ +10.51% | ▲ +9.40% | $351.33 (+25.96%) |
Aug 19, 2026 6w ago | Insider Cluster | $278.91 $308.23 | ▲ +10.51% | ▲ +9.40% | $351.33 (+25.96%) |
Aug 13, 2026 7w ago | 8-K | $315.78 $293.14 | ▼ −7.17% | ▼ −5.80% | $351.33 (+11.26%) |
Aug 11, 2026 7w ago | Insider Cluster | $311.45 $291.88 | ▼ −6.28% | ▼ −5.84% | $351.33 (+12.80%) |
Aug 6, 2026 8w ago | Insider Cluster | $300.27 $315.78 | ▲ +5.17% | ▲ +4.77% | $351.33 (+17.00%) |
Aug 5, 2026 8w ago | Insider Cluster | $284.43 $330.83 | ▲ +16.31% | ▲ +15.10% | $351.33 (+23.52%) |
US Market Status
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