Cloudflare ($NET) Insider Trading & Smart Money Activity
Cloudflare, Inc. ($NET) has 20 insider trades, 1 congress trade, 8 13F position changes and 10 analyst ratings on file. In the last 12 months on the open market, no insider bought and 5 insiders sold ($58.11M), net -$58.11M.
- Insider buyers (12 mo)
- 0
- Insider sellers (12 mo)
- 5
- Net insider $ (12 mo)
- -$58.11M
- Congress trades (12 mo)
- 1
- 13F moves on file
- 8
- Analyst ratings on file
- 10
NET insider buying and selling by quarter
| Quarter | Insider buys | Insider sales | Congress buys / sales | 13F added / cut |
|---|---|---|---|---|
| Q1 2026 | 0 | 0 | 0 / 0 | 0 / 0 |
| Q2 2026 | 0 | 2 · $17.78M | 0 / 0 | 4 / 3 |
| Q3 2026 | 0 | 2 · $5.09M | 0 / 1 | 0 / 0 |
| Q4 2026 | 0 | 3 · $35.24M | 0 / 0 | 1 / 0 |
Insider buys and sales count open-market trades only (Form 4 codes P and S). Grants, option exercises and tax withholding are left out.
All NET insider, congress, 13F and analyst activity
| Date | Source | Who | Action | Shares | Value / amount | ΔOwn | 1W | 1M | 6M | Filing | Story |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 13F | Portman Square Capital | New | +75.94K sh | $26.37M | Read | ||||||
| Analyst | TD Cowen | Reiterates to Buy | PT $375 | Read | |||||||
| Analyst | Barclays | Reiterates to Overweight | PT $400 | Read | |||||||
| Analyst | Oppenheimer | Reiterates to Outperform | PT $430 | -17.9% | Read | ||||||
| Insider | Zatlyn MichellePresident and Board Co-Chair | Sell (Open-market sale) 10b5-1 | 33K sh | $11.49M | -5.4% | — | |||||
| Insider | Zatlyn MichellePresident and Board Co-Chair | Sell (Open-market sale) 10b5-1 | 33K sh | $12.10M | -2.1% | — | |||||
| Analyst | BTIG | Reiterates to Buy | PT $413 | -2.1% | — | ||||||
| Insider | Zatlyn MichellePresident and Board Co-Chair | Sell (Open-market sale) 10b5-1 | 33K sh | $11.64M | -2.4% | — | |||||
| Insider | Ledbetter CarlDirector | Sell (Open-market sale) 10b5-1 | 5K sh | $1.77M | -0.2% | — | |||||
| Insider | Seifert Thomas JChief Financial Officer | Sell (Open-market sale) 10b5-1 | 10K sh | $3.32M | +7.5% | — | |||||
| Congress | Gilbert Ray Cisneros Jr. | Sale | $1,001 - $15,000 | -7.9% | +10.8% | — | |||||
| Insider | Matthew PrinceCEO & Board Co-Chair | Sell (Conversion) | 52.38K sh | +10.2% | +17.3% | — | |||||
| Insider | Matthew PrinceCEO & Board Co-Chair | Buy (Conversion) | 52.38K sh | +10.2% | +17.3% | — | |||||
| Insider | Matthew PrinceCEO & Board Co-Chair | Sell (Open-market sale) 10b5-1 | 52.38K sh | $11.81M | +9.0% | +16.6% | — | ||||
| Insider | Matthew PrinceCEO & Board Co-Chair | Buy (Conversion) | 52.38K sh | +9.0% | +16.6% | — | |||||
| Insider | Matthew PrinceCEO & Board Co-Chair | Sell (Conversion) | 26.83K sh | +11.6% | +23.2% | — | |||||
| Insider | Matthew PrinceCEO & Board Co-Chair | Buy (Conversion) | 26.83K sh | +11.6% | +23.2% | — | |||||
| Insider | Michelle ZatlynPresident and Board Co-Chair | Sell (Conversion) | 25.64K sh | +1.2% | +21.6% | — | |||||
| Insider | Michelle ZatlynPresident and Board Co-Chair | Buy (Option exercise) | 25.64K sh | +1.2% | +21.6% | — | |||||
| Insider | Michelle ZatlynPresident and Board Co-Chair | Sell (Option exercise) | 25.64K sh | -1.5% | +22.4% | — | |||||
| Insider | Michelle ZatlynPresident and Board Co-Chair | Buy (Conversion) | 25.64K sh | -1.5% | +22.4% | — | |||||
| Insider | Thomas SeifertChief Financial Officer | Sell (Option exercise) | 10K sh | -1.5% | +22.4% | Read | |||||
| Insider | Thomas SeifertChief Financial Officer | Buy (Conversion) | 10K sh | -1.5% | +22.4% | Read | |||||
| Insider | Michelle ZatlynPresident and Board Co-Chair | Sell (Open-market sale) 10b5-1 | 25.64K sh | $5.97M | -2.6% | +18.0% | Read | ||||
| Insider | John Graham-Cumming | Sell (Option exercise) | 2.52K sh | -7.4% | +15.8% | Read | |||||
| Insider | John Graham-Cumming | Buy (Option exercise) | 2.52K sh | $112.69K | -7.4% | +15.8% | — | ||||
| Analyst | Citizens | Reiterates to buy | PT $270 | -7.4% | +15.8% | Read | |||||
| Analyst | Truist Securities | Reiterates to buy | PT $250 | -1.5% | +18.5% | Read | |||||
| Analyst | RBC Capital | Reiterates to buy | PT $260 | +3.3% | +22.2% | — | |||||
| Analyst | Needham | Reiterates to buy | PT $280 | +3.3% | +22.2% | Read | |||||
| Analyst | Mizuho | Reiterates to buy | PT $260 | +3.3% | +22.2% | — | |||||
| Analyst | BTIG | Reiterates to buy | PT $269 | +3.3% | +22.2% | Read | |||||
| 13F | Select Equity Group, L.P. | Added | +724.15K sh | $209.70M | +9.4% | +19.3% | — | ||||
| 13F | Fred Alger Management | Added | +99.54K sh | $131.98M | +9.4% | +19.3% | — | ||||
| 13F | Lord, Abbett | Added | +71.46K sh | $243.33M | +6.4% | +18.0% | — | ||||
| 13F | Capital World Investors | Reduced | -13.09M sh | $5.58B | +9.1% | +18.6% | — | ||||
| 13F | Sands Capital Management | Reduced | -69.54K sh | $898.15M | +0.7% | +26.3% | — | ||||
| 13F | Baillie Gifford | Reduced | -899.52K sh | $3.91B | +0.7% | +26.3% | — | ||||
| 13F | Jennison Associates | Added | +2.53M sh | $1.08B | -22.5% | +0.6% | — |
1W / 1M / 6M = how NET moved from the trade or filing date.
Insider trading in NET: who is buying and selling
| Insider | Role | Trades | Open-market net | Shares held | Last trade |
|---|---|---|---|---|---|
| Zatlyn Michelle | President and Board Co-Chair | 3 | -$35.24M | Oct 7, 2026 | |
| Ledbetter Carl | Director | 1 | -$1.77M | Sep 22, 2026 | |
| Seifert Thomas J | Chief Financial Officer | 1 | -$3.32M | Sep 17, 2026 | |
| Matthew Prince | CEO & Board Co-Chair | 6 | -$11.81M | Jun 24, 2026 | |
| Michelle Zatlyn | President and Board Co-Chair | 5 | -$5.97M | Jun 18, 2026 | |
| Thomas Seifert | Chief Financial Officer | 2 | — | Jun 17, 2026 | |
| John Graham-Cumming | 2 | — | Jun 15, 2026 |
Members of Congress trading NET
Institutions moving NET (13F)
Analyst ratings on NET
| Date | Firm | Action | Rating | Price target | 1W | 1M | 6M | Story |
|---|---|---|---|---|---|---|---|---|
| TD Cowen | Reiterates | Buy | $355 → $375 | Read | ||||
| Barclays | Reiterates | Overweight | $355 → $400 | Read | ||||
| Oppenheimer | Reiterates | Outperform | $380 → $430 | -17.9% | Read | |||
| BTIG | Reiterates | Buy | $382 → $413 | -2.1% | — | |||
| Citizens | Reiterates | buy | $270 | -7.4% | +15.8% | Read | ||
| Truist Securities | Reiterates | buy | $250 | -1.5% | +18.5% | Read | ||
| RBC Capital | Reiterates | buy | $260 | +3.3% | +22.2% | — | ||
| Needham | Reiterates | buy | $280 | +3.3% | +22.2% | Read | ||
| Mizuho | Reiterates | buy | $260 | +3.3% | +22.2% | — | ||
| BTIG | Reiterates | buy | $269 | +3.3% | +22.2% | Read |
Frequently asked questions
Are NET insiders buying or selling?
Over the last 12 months 0 insiders made 0 open-market purchases worth $0 and 5 insiders made 7 open-market sales worth $58.11M, a net -$58.11M.
What is the latest insider trade in NET?
Zatlyn Michelle, President and Board Co-Chair filed a sell (open-market sale) of 33K sh worth $11.49M on Oct 7, 2026.
Which members of Congress traded NET?
1 disclosed trade by Gilbert Ray Cisneros Jr.. The latest was on Aug 18, 2026.
Which institutions changed their NET positions?
Recent 13F filers moving the stock include Portman Square Capital, Select Equity Group, L.P., Fred Alger Management, Lord, Abbett and Capital World Investors.
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Data comes from public SEC Form 4 and 13F filings and STOCK Act disclosures. Dates are the trade or filing date reported. This page is for research only and is not investment advice.
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