NET Cloudflare, Inc.

NEUTRAL Impact: 3/10 Insider Cluster (3 insiders)
Horizon days Filed Mar 2, 2026 Processed 3mo ago
Insider cluster: 2 insiders, $771K total
Final — all horizons settled through T+60d
NET ▲ +20.17% at T+60d
NEUTRAL call ✓ call won +20.17% · α vs SPY +10.85% · entry $181.02 → $217.54
Currently $228.48 · +26.22% from $181.02 entry
Entry anchored
Feb 27, 03:59 PM ET
via Databento tick
T+1d
-1.17%
call -1.17% · α -0.25%
$178.91
settled 3mo ago
T+5d
+11.30%
call +11.30% · α +12.51%
$201.48
settled 3mo ago
T+20d
+7.52%
call +7.52% · α +15.46%
$194.63
settled 3mo ago
T+60d
+20.17%
call +20.17% · α +10.85%
$217.54
settled 18d ago

Price Chart

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Executive Summary

Two Cloudflare insiders conducted open-market sales totaling $771K in the past week, with Chief Accounting Officer Riley Janel selling $748.8K worth of shares. A third insider exercised options but did not sell the underlying shares. The total open-market selling represents a small fraction of Cloudflare's $63B market cap.

Key Financial Metrics

Direction
selling
Total Value
$771.2K
Insiders
3

Actionable Insight

Monitor for additional insider selling in the coming weeks — isolated transactions of this size are routine, but a pattern could signal caution. The exercise without sale suggests continued confidence from one insider.

Key Facts

  • Chief Accounting Officer Riley Janel sold 4,160 shares at $180 for $748,800 in an open-market transaction.
  • Hawkins Mark J sold 133 shares at $168.62 for $22,426.46, also in open-market trading.
  • Graham-Cumming John exercised options for 2,520 shares at $44.72 but did not sell; this is a non-cash transaction valued at $112,694.4 based on current price.
  • Total open-market proceeds: $771,226.46 (~0.0012% of $63B market cap).

Financial Impact

$771K in total open-market sales, representing 0.0012% of Cloudflare's $63B market cap

insider ownershipshare count

Risk Factors

  • Perception of insider selling may weigh on sentiment if misinterpreted, despite minimal dollar impact.
  • Further selling by C-suite executives could escalate concern.

Market Snapshot

Exchange
NYSE
Analyst Consensus
68% bullish (40 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (3 trades, 7d window)cluster-NET-1772658728128
20 reports for NET
Performance horizon
100% Hit rate 3 of 3 directional calls best @ T+60▲ +30.33%May 31, 2026
Filters
Rows
Reports for NET — sortable, filterable
Type Now
Jun 8, 2026
4d ago
Insider Cluster
NEUTRAL ★ 2/10
$247.54 awaiting T+1awaiting T+1$228.48 (−7.70%)
Jun 1, 2026
11d ago
Insider Cluster
NEUTRAL ★ 2/10
$272.66 $265.33▼ −2.69%▼ −2.00%$228.48 (−16.20%)
Jun 1, 2026
11d ago
144
NEUTRAL ★ 1/10
$272.66 $265.33▼ −2.69%▼ −2.00%$228.48 (−16.20%)
May 31, 2026
12d ago
ANALYST-UPGRADE
BULLISH ★ 2/10
$166.88 $163.05▼ −2.30%▼ −1.07%$228.48 (+36.91%)
May 27, 2026
16d ago
Insider Cluster
NEUTRAL ★ 2/10
$228.11 $241.82▲ +6.01%▲ +5.77%$228.48 (+0.16%)
May 21, 2026
22d ago
Insider Cluster
NEUTRAL ★ 3/10
$216.17 $217.54▲ +0.63%▲ +0.05%$228.48 (+5.69%)
May 19, 2026
24d ago
Insider Cluster
NEUTRAL ★ 3/10
$210.13 $212.65▲ +1.20%▲ +1.00%$228.48 (+8.73%)
May 15, 2026
28d ago
ANALYST-UPGRADE
BULLISH ★ 4/10
$190.13 $197.38▲ +3.81%▲ +3.56%$228.48 (+20.17%)
May 1, 2026
6w ago
ANALYST-UPGRADE
MIXED ★ 2/10
$166.88 $163.05▼ −2.30%▼ −1.07%$228.48 (+36.91%)
May 1, 2026
6w ago
Insider Cluster
NEUTRAL ★ 2/10
$217.50 $224.17▲ +3.07%▲ +3.41%$228.48 (+5.05%)
Showing 10 of 20

US Market Status

Market Closed — Opens Mon (48h 59m)

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