In a filing, Cloudflare Inc revealed its CHIEF FINANCIAL OFFICER SEIFERT THOMAS J unloaded Company’s shares for reported $1.11 million on May 03 ’24. In the deal valued at $73.97 per share,15,000 shares were sold. As a result of this transaction, SEIFERT THOMAS J now holds 338,469 shares worth roughly $25.15 million.
Then, Ledbetter Carl sold 8,022 shares, generating $701,860 in total proceeds. Upon selling the shares at $87.49, the Director now owns 1,196,793 shares.
Before that, Eitel Maria S sold 6,875 shares. Cloudflare Inc shares valued at $605,825 were divested by the Director at a price of $88.12 per share. As a result of the transaction, Eitel Maria S now holds 16,638 shares, worth roughly $1.24 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 -0.13% to $74.30. Over the last five days, the stock has lost -17.12%. Cloudflare Inc shares have fallen nearly -10.76% since the year began. Nevertheless, the stocks have risen 83.55% 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 05/03/24. SMA at 50 days reached $93.22, while 200 days put it at $77.10. A total of 6.44 million shares were traded, compared to the trading of 7.83 million shares in the previous session.
Levels Of Support And Resistance For NET Stock
The 24-hour chart illustrates a support level at 73.46, which if violated will result in even more drops to 72.62. On the upside, there is a resistance level at 75.52. A further resistance level may holdings at 76.74. The Relative Strength Index (RSI) on the 14-day chart is 26.86, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.43%. Stochastics %K at 24.06% 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.
