No actionable signal from this director-level selling. Monitor next 10-Q for any fundamental changes, but this cluster does not warrant a trading response.
Price Chart
Executive Summary
Three Cloudflare directors sold a total of ~$741K in open-market sales over a 7-day window. The dollar amount is trivial relative to the $88.4B market cap (~0.0008%), and all sellers are non-executive directors, not C-suite officers. This cluster is routine portfolio diversification with no material informational signal.
Key Financial Metrics
Key Facts
- Three directors sold a combined ~3,026 shares for ~$741K total value.
- Sales represent ~0.0008% of Cloudflare's $88.4B market cap — well below the 0.1% materiality threshold.
- All sellers are directors, not C-suite executives (CEO/CFO/COO).
- No open-market purchases occurred in the cluster window.
- The cluster is a SELL cluster, but per academic literature, insider sales are weak predictors and cluster sales are not more informative than non-cluster sales.
Financial Impact
~$741K in director sales, immaterial relative to $88.4B market cap
Risk Factors
- No material risk identified from this filing alone.
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-1780953735455 |
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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