Cloudflare director Carl Ledbetter sold $1.56m in stock

Cloudflare director Carl Ledbetter disposed of $1.56 million worth of Class A Common Stock on September 14, 2026. He sold 5,000 shares, with the transactions averaging prices between $309.5067 and $313.7096 per share. This sale occurred as Cloudflare's stock prices were trading just 1% below their 52-week high of $334.60, following a 54% increase over the past six months.

Ledbetter's stock sales were executed under a Rule 10b5-1 trading plan initiated on February 25, 2026. Post these transactions, he remains an indirect owner of 878,073 shares, held by the Carl S. Ledbetter Trust. Atlassian recently reported strong Q4 earnings, with adjusted EPS of $1.87 and revenue of $1.77 billion—a 28% year-over-year growth.

Bank of America upgraded Atlassian to Buy with a price target of $175. Cloudflare has also seen increased interest, with UBS and TD Cowen raising their price targets to $350 and $355, respectively, citing a 36% revenue growth. OpenAI recently launched its Agents API in public beta, enabling developers to build cloud-based agents using its infrastructure.