Cloudflare Inc’s recent filing unveils that its President and COO Zatlyn Michelle unloaded Company’s shares for reported $1.65 million on Apr 18 ’24. In the deal valued at $87.07 per share,18,955 shares were sold. As a result of this transaction, Zatlyn Michelle now holds 19,615 shares worth roughly $1.66 million.
Then, SEIFERT THOMAS J sold 15,000 shares, generating $1,305,249 in total proceeds. Upon selling the shares at $87.02, the CHIEF FINANCIAL OFFICER now owns 338,469 shares.
Before that, Zatlyn Michelle sold 19,505 shares. Cloudflare Inc shares valued at $1,757,371 were divested by the President and COO at a price of $90.10 per share. As a result of the transaction, Zatlyn Michelle now holds 19,615 shares, worth roughly $1.66 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 jump 0.70% to $84.69. Over the last five days, the stock has lost -6.25%. Cloudflare Inc shares have risen nearly 1.72% since the year began. Nevertheless, the stocks have risen 35.70% 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 $96.33, while 200 days put it at $76.23. A total of 2.65 million shares were traded, compared to the trading of 4.16 million shares in the previous session.
Levels Of Support And Resistance For NET Stock
The 24-hour chart illustrates a support level at 83.19, which if violated will result in even more drops to 81.68. On the upside, there is a resistance level at 85.84. A further resistance level may holdings at 86.98. The Relative Strength Index (RSI) on the 14-day chart is 32.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.21%. Stochastics %K at 8.43% indicates the stock is a buying.
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.
