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flag Cloudflare co-founder Michelle Zatlyn sold $31M in shares in late 2025 amid strong company earnings and upgraded guidance.

flag Michelle Zatlyn, Cloudflare’s co-founder and insider, sold 112,023 shares between September and November 2025, raising about $31 million and reducing her stake by 58.84%. flag The sales, disclosed in SEC filings, included a November 20 transaction of 35,099 shares at $199.26 each. flag Cloudflare reported strong Q3 earnings on October 30, with $0.27 EPS and 30.7% revenue growth, and raised its 2025 guidance. flag The stock closed at $193.91 on November 24, with a market cap of $67.92 billion and a consensus “Moderate Buy” rating.

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