Cloudflare director Carl Ledbetter sells $1.41m in company stock By Investing.com

Carl Ledbetter, a director at Cloudflare, Inc. (), sold 5,000 shares of the company’s Class A Common Stock on August 6, 2026. The transactions totaled approximately $1,409,910, with shares sold at prices ranging from $280.13 to $283.802. The sale comes as Cloudflare shares trade at $284.43, up 44% year-to-date and 64% over the past six months, approaching the stock’s 52-week high of $305. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value estimate, joining other names on the Most Overvalued list.

The sales were executed pursuant to a Rule 10b5-1 trading plan, which Mr. Ledbetter adopted on February 25, 2026. The shares involved in these transactions are held of record by the Carl S. Ledbetter Trust dated February 14, 2020, for which Mr. Ledbetter serves as a trustee. For deeper insights into Cloudflare’s valuation and performance metrics, InvestingPro offers access to 14 additional ProTips and comprehensive financial analysis for this $101 billion cloud infrastructure company.

In other recent news, Cloudflare reported strong second-quarter 2026 financial results, surpassing analysts’ expectations. The company achieved earnings of $0.29 per share and a revenue of $696.1 million, marking a 36% increase in revenue from the previous year. This performance highlights Cloudflare’s ability to grow both in terms of profitability and revenue. Barclays responded to these results by raising its price target for Cloudflare from $300 to $355 while maintaining an Overweight rating on the stock. The firm noted that increased traffic pushed customers to higher service tiers, contributing to the revenue growth. Additionally, Cloudflare’s Workers product has become a significant contributor to overall revenue. The company also experienced a record increase in net new customers year-over-year. These developments underscore Cloudflare’s ongoing expansion and market presence.

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