In a filing, Cloudflare Inc revealed its Director Ledbetter Carl unloaded Company’s shares for reported $0.89 million on Apr 24 ’24. In the deal valued at $89.16 per share,10,015 shares were sold. As a result of this transaction, Ledbetter Carl now holds 1,204,815 shares worth roughly $108.01 million.
Then, Zatlyn Michelle sold 18,955 shares, generating $1,650,463 in total proceeds. Upon selling the shares at $87.07, the President and COO now owns 19,615 shares.
Before that, SEIFERT THOMAS J sold 15,000 shares. Cloudflare Inc shares valued at $1,305,249 were divested by the CHIEF FINANCIAL OFFICER at a price of $87.02 per share. As a result of the transaction, SEIFERT THOMAS J now holds 338,469 shares, worth roughly $30.34 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 1.86% to $89.65. Over the last five days, the stock has gained 5.86%. Cloudflare Inc shares have risen nearly 7.67% since the year began. Nevertheless, the stocks have risen 50.47% 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 $94.75, while 200 days put it at $76.79. A total of 3.44 million shares were traded, compared to the trading of 2.0 million shares in the previous session.
Levels Of Support And Resistance For NET Stock
The 24-hour chart illustrates a support level at 88.43, which if violated will result in even more drops to 87.20. On the upside, there is a resistance level at 90.95. A further resistance level may holdings at 92.24. The Relative Strength Index (RSI) on the 14-day chart is 46.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.48%. Stochastics %K at 37.73% 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.
