Insider Cluster (2 insiders) ·Filed Jul 6, 2026

NET

Cloudflare, Inc.
NEUTRAL
Impact 2/10
Horizonimmediate Processed2mo ago
Insider cluster: 2 insiders, $138K total
Actionable Insight • Neutral

The insider selling is negligible relative to market cap and likely reflects routine portfolio diversification or tax-related sales after option exercises. No bearish signal. Monitor upcoming earnings for any fundamental changes, but this filing has no actionable trading implication.

DirectionNeutral
Confidencehigh
Horizonimmediate
Final — all horizons settled through T+60d ⚠ clustered
NET ▲ +29.18% at T+60d
NEUTRAL call ✓ call won +29.18% · α vs SPY +26.98% · entry $268.83 → $347.28
Entry anchored
Jul 6, 03:59 PM ET
via exchange tick
T+1d
+1.70%
call +1.70% · α +2.01%
$273.40
settled 3mo ago
T+5d
+4.81%
call +4.81% · α +4.25%
$281.75
settled 3mo ago
T+20d
+5.17%
call +5.17% · α +3.84%
$282.74
settled 2mo ago
T+60d
+29.18%
call +29.18% · α +26.98%
$347.28
settled 3d ago

Price Chart

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Executive Summary

CEO Prince Matthew sold ~$10.5M in open-market shares over two days, while Director Mark Hawkins sold $33K. However, these sales represent only ~0.012% of Cloudflare's $85.7B market cap, making them trivial relative to company size. The cluster is routine and non-informative per insider-selling literature.

Key Financial Metrics

Direction
selling
Total Value
$10.5M
Insiders
2

Key Facts

  • CEO Prince Matthew executed open-market sales totaling ~$10.5M on July 1-2, 2026, alongside non-cash derivative conversions.
  • Director Mark J. Hawkins sold 133 shares for $33K on July 1.
  • Total insider sales of ~$10.53M represent only 0.012% of Cloudflare's $85.7B market cap.
  • No other insiders traded during the window; the cluster is limited to two individuals.

Financial Impact

CEO sold ~$10.5M, but only 0.012% of $85.7B market cap — immaterial.

Risk Factors

  • None material — insider selling is trivial relative to company size.

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.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-NET-1783378885586
38 reports for NET
Performance horizon
75% Hit rate 3 of 4 directional calls best @ T+60▲ +29.18%Jul 7, 2026
Filters
Rows
Reports for NET — sortable, filterable
TypeNow
Sep 15, 2026
16d ago
Insider Cluster
NEUTRAL ★ 2/10
$324.65 $352.33▲ +8.53%▲ +5.96%$351.00 (+8.12%)
Sep 15, 2026
16d ago
Insider Cluster
NEUTRAL ★ 3/10
$324.65 $352.33▲ +8.53%▲ +5.96%$351.00 (+8.12%)
Sep 2, 2026
4w ago
Court Ruling
BULLISH ★ 5/10
$272.74 $311.17▲ +14.09%▲ +15.05%$351.00 (+28.69%)
Aug 21, 2026
5w ago
Insider Cluster
NEUTRAL ★ 4/10
$280.35 $305.11▲ +8.83%▲ +8.36%$351.00 (+25.20%)
Aug 19, 2026
6w ago
Insider Cluster
NEUTRAL ★ 3/10
$278.91 $308.23▲ +10.51%▲ +9.40%$351.00 (+25.85%)
Aug 19, 2026
6w ago
Insider Cluster
NEUTRAL ★ 2/10
$278.91 $308.23▲ +10.51%▲ +9.40%$351.00 (+25.85%)
Aug 13, 2026
7w ago
8-K
NEUTRAL ★ 5/10
$315.78 $293.14▼ −7.17%▼ −5.80%$351.00 (+11.15%)
Aug 11, 2026
7w ago
Insider Cluster
NEUTRAL ★ 2/10
$311.45 $291.88▼ −6.28%▼ −5.84%$351.00 (+12.70%)
Aug 6, 2026
8w ago
Insider Cluster
NEUTRAL ★ 3/10
$300.27 $315.78▲ +5.17%▲ +4.77%$351.00 (+16.89%)
Aug 5, 2026
8w ago
Insider Cluster
NEUTRAL ★ 3/10
$284.43 $330.83▲ +16.31%▲ +15.10%$351.00 (+23.40%)
Showing 10 of 38

US Market Status

Market Closed — Opens in 4m

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Report published Jul 6, 2026