Insider Cluster (3 insiders) ·Filed Apr 28, 2026
Insider cluster: 2 insiders, $2.2M total
Actionable Insight • Neutral
These insider sales are routine and negligible in size — no actionable signal for traders. Monitor upcoming earnings for fundamental changes; the cluster does not warrant any trade adjustment.
Final — all horizons settled through T+60d
NET ▲ +25.81% at T+60d
NEUTRAL call ✓ call won +25.81% · α vs SPY +21.82% · entry $208.50 → $262.32
T+1d
+1.66%
call +1.66% · α +1.67%
$211.97
settled 5mo ago
T+5d
+7.52%
call +7.52% · α +5.82%
$224.17
settled 5mo ago
T+20d
+4.34%
call +4.34% · α -1.13%
$217.54
settled 4mo ago
T+60d
+25.81%
call +25.81% · α +21.82%
$262.32
settled 2mo ago
Price Chart
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Executive Summary
Two directors at Cloudflare sold a total of ~$2.18M in shares, representing a trivial 0.003% of the $76.6B market cap. The Chief Legal Officer received a non-cash grant. This cluster is routine and carries no material signal.
Key Financial Metrics
Direction
selling
Total Value
$2.2M
Insiders
3
Key Facts
- Director Carl Ledbetter sold 9,991 shares at ~$215.85 for ~$2.16M on 2026-04-28.
- Director Mark J. Hawkins sold 133 shares at ~$211.62 for ~$28K on 2026-05-01.
- Chief Legal Officer Alissa Michelle Starzak received a non-cash grant of 63,305 shares at $0.
- Total open-market sales are only ~0.003% of Cloudflare's market cap.
- No other recent material filings or events detected.
Financial Impact
~$2.18M in insider sales, negligible relative to $76.6B market cap
Market Snapshot
Exchange
NYSE
Sector
Services-Prepackaged Software
Analyst Consensus
70% bullish (40 analysts)
Investment Themes
Cloud & SaaSCybersecurity
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NET-1777926342937 |
38 reports for NET
75% Hit rate best @ T+60▲ +29.18%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | Insider Cluster | $324.65 $352.33 | ▲ +8.53% | ▲ +5.96% | $351.68 (+8.33%) |
Sep 15, 2026 16d ago | Insider Cluster | $324.65 $352.33 | ▲ +8.53% | ▲ +5.96% | $351.68 (+8.33%) |
Sep 2, 2026 4w ago | Court Ruling | $272.74 $311.17 | ▲ +14.09% | ▲ +15.05% | $351.68 (+28.94%) |
Aug 21, 2026 5w ago | Insider Cluster | $280.35 $305.11 | ▲ +8.83% | ▲ +8.36% | $351.68 (+25.44%) |
Aug 19, 2026 6w ago | Insider Cluster | $278.91 $308.23 | ▲ +10.51% | ▲ +9.40% | $351.68 (+26.09%) |
Aug 19, 2026 6w ago | Insider Cluster | $278.91 $308.23 | ▲ +10.51% | ▲ +9.40% | $351.68 (+26.09%) |
Aug 13, 2026 7w ago | 8-K | $315.78 $293.14 | ▼ −7.17% | ▼ −5.80% | $351.68 (+11.37%) |
Aug 11, 2026 7w ago | Insider Cluster | $311.45 $291.88 | ▼ −6.28% | ▼ −5.84% | $351.68 (+12.92%) |
Aug 6, 2026 8w ago | Insider Cluster | $300.27 $315.78 | ▲ +5.17% | ▲ +4.77% | $351.68 (+17.12%) |
Aug 5, 2026 8w ago | Insider Cluster | $284.43 $330.83 | ▲ +16.31% | ▲ +15.10% | $351.68 (+23.64%) |
Showing 10 of 38
US Market Status
Market Open — Closes in 2h 7m
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