Cloudflare Inc’s filing revealed that its CHIEF FINANCIAL OFFICER SEIFERT THOMAS J unloaded Company’s shares for reported $1.42 million on Apr 03 ’24. In the deal valued at $94.91 per share,15,000 shares were sold. As a result of this transaction, SEIFERT THOMAS J now holds 338,469 shares worth roughly $32.27 million.
Then, Ledbetter Carl sold 7,991 shares, generating $751,566 in total proceeds. Upon selling the shares at $94.05, the Director now owns 1,267,013 shares.
Before that, Kramer Douglas James sold 3,000 shares. Cloudflare Inc shares valued at $291,480 were divested by the CHIEF LEGAL OFFICER at a price of $97.16 per share. As a result of the transaction, Kramer Douglas James now holds 205,238 shares, worth roughly $19.57 million.
DZ Bank downgraded its Cloudflare Inc [NET] rating to a Hold from a a Buy in a research note published recently. Bernstein began covering NET with “Mkt perform” recommendation on January 18, 2024. CapitalOne started covering the stock on January 17, 2024. It rated NET as “an Equal weight”.
Price Performance Review of NET
On Monday, Cloudflare Inc [NYSE:NET] saw its stock fall -0.86% to $95.33. Over the last five days, the stock has lost -0.34%. Cloudflare Inc shares have risen nearly 14.50% since the year began. Nevertheless, the stocks have risen 65.39% over the past one year. While a 52-week high of $116.00 was reached on 02/09/24, a 52-week low of $39.90 was recorded on 01/17/24. SMA at 50 days reached $94.69, while 200 days put it at $74.93. A total of 1.71 million shares were traded, compared to the trading of 1.96 million shares in the previous session.
Levels Of Support And Resistance For NET Stock
The 24-hour chart illustrates a support level at 94.14, which if violated will result in even more drops to 92.96. On the upside, there is a resistance level at 96.64. A further resistance level may holdings at 97.95. The Relative Strength Index (RSI) on the 14-day chart is 49.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.81%. Stochastics %K at 39.08% indicates the stock is a holding.
How much short interest is there in Cloudflare Inc?
A steep rise in short interest was recorded in Cloudflare Inc stocks on Mar 15, 2024, dropping by -0.73 million shares to a total of 11.28 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 12.01 million shares. There was a decline of -6.47%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.25% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.05.
The most recent change occurred on December 15, 2023 when Susquehanna began covering the stock and recommended ‘”a Neutral”‘ rating along with a $75 price target.
