NET Cloudflare, Inc.
Price Chart
Executive Summary
Three Cloudflare insiders — CEO Matthew Prince, President Michelle Zatlyn, and CLO Alissa Starzak — sold a total of $2.28M in open-market shares over a 7-day window. The sales are tied to derivative exercises (non-cash events) and represent ~0.003% of Cloudflare's $85.5B market cap, making them trivial in proportional terms. The cluster is dominated by the President's $1.63M sale, but the pattern aligns with routine post-vesting diversification rather than a coordinated bearish signal.
Key Financial Metrics
Actionable Insight
The insider sales are too small relative to Cloudflare's $85.5B market cap to warrant a directional read. All sales follow derivative exercises, consistent with routine tax and diversification planning. Monitor for any larger open-market sales by the CEO or President in the next 30 days, but this cluster alone does not signal deteriorating fundamentals.
Key Facts
- Total open-market sales: $2.28M across 3 insiders (CEO, President, CLO)
- President Michelle Zatlyn sold $1.63M (71% of total) on May 26-27 at ~$208-209
- CEO Matthew Prince sold $379K on May 21 at $207.40
- CLO Alissa Starzak sold $276K on May 28 at $213.30
- All sales were preceded by derivative exercises at $0 or $77.70 strike — non-cash events
- Total sales represent ~0.003% of Cloudflare's $85.5B market cap — well below the 0.1% materiality threshold
- Historical calibration shows score=2 reports on NET have a 67% win rate at T+20
Financial Impact
Total insider sales of $2.28M represent ~0.003% of market cap — trivial
Risk Factors
- Insider sales may increase if the stock continues to appreciate, but this is normal post-vesting behavior
- No evidence of coordinated bearish information — all sales are sub-$2M and sub-0.1% of market cap
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NET-1780355774852 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 1, 2026
3d ago
|
Insider Cluster
| $272.66 $265.33 | ▼ −2.69% | ▼ −2.00% | $250.11 (−8.27%) |
|
Jun 1, 2026
4d ago
|
144
| $272.66 $265.33 | ▼ −2.69% | ▼ −2.00% | $250.11 (−8.27%) |
|
May 31, 2026
5d ago
|
ANALYST-UPGRADE
| $166.88 $163.05 | ▼ −2.30% | ▼ −1.07% | $250.11 (+49.87%) |
|
May 27, 2026
8d ago
|
Insider Cluster
| $228.11 $241.82 | ▲ +6.01% | ▲ +5.77% | $250.11 (+9.64%) |
|
May 21, 2026
14d ago
|
Insider Cluster
| $216.17 $217.54 | ▲ +0.63% | ▲ +0.05% | $250.11 (+15.70%) |
|
May 19, 2026
16d ago
|
Insider Cluster
| $210.13 $212.65 | ▲ +1.20% | ▲ +1.00% | $250.11 (+19.03%) |
|
May 15, 2026
21d ago
|
ANALYST-UPGRADE
| $190.13 $197.38 | ▲ +3.81% | ▲ +3.56% | $250.11 (+31.55%) |
|
May 1, 2026
5w ago
|
ANALYST-UPGRADE
| $166.88 $163.05 | ▼ −2.30% | ▼ −1.07% | $250.11 (+49.87%) |
|
May 1, 2026
5w ago
|
Insider Cluster
| $217.50 $224.17 | ▲ +3.07% | ▲ +3.41% | $250.11 (+14.99%) |
|
Apr 28, 2026
5w ago
|
Insider Cluster
| $208.50 $211.97 | ▲ +1.66% | ▲ +1.67% | $250.11 (+19.96%) |
US Market Status
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