Cloudflare Inc’s filing revealed that its CEO & Chair of the Board Prince Matthew unloaded Company’s shares for reported $4.99 million on Apr 11 ’24. In the deal valued at $95.29 per share,52,384 shares were sold. As a result of this transaction, Prince Matthew now holds 0 shares worth roughly $0.0.
Then, Prince Matthew sold 52,384 shares, generating $4,973,089 in total proceeds. Upon selling the shares at $94.94, the CEO & Chair of the Board now owns 0 shares.
Before that, Ledbetter Carl sold 44,154 shares. Cloudflare Inc shares valued at $4,166,635 were divested by the Director at a price of $94.37 per share. As a result of the transaction, Ledbetter Carl now holds 1,222,859 shares, worth roughly $110.47 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 -3.65% to $90.34. Over the last five days, the stock has lost -5.23%. Cloudflare Inc shares have risen nearly 8.50% since the year began. Nevertheless, the stocks have risen 39.24% 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 $96.01, while 200 days put it at $75.68. A total of 2.76 million shares were traded, compared to the trading of 1.66 million shares in the previous session.
Levels Of Support And Resistance For NET Stock
The 24-hour chart illustrates a support level at 88.89, which if violated will result in even more drops to 87.44. On the upside, there is a resistance level at 92.94. A further resistance level may holdings at 95.54. The Relative Strength Index (RSI) on the 14-day chart is 39.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.21%. Stochastics %K at 26.57% indicates the stock is a holding.
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.
