In a filing, Cloudflare Inc revealed its CHIEF FINANCIAL OFFICER SEIFERT THOMAS J unloaded Company’s shares for reported $1.18 million on Jul 18 ’24. In the deal valued at $78.89 per share,15,000 shares were sold. As a result of this transaction, SEIFERT THOMAS J now holds 309,937 shares worth roughly $23.98 million.
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Then, Prince Matthew sold 52,384 shares, generating $4,330,796 in total proceeds. Upon selling the shares at $82.67, the CEO & Chair of the Board now owns 8,742 shares.
Before that, Prince Matthew sold 52,384 shares. Cloudflare Inc shares valued at $4,262,027 were divested by the CEO & Chair of the Board at a price of $81.36 per share. As a result of the transaction, Prince Matthew now holds 8,742 shares, worth roughly $0.68 million.
Wolfe Research initiated its Cloudflare Inc [NET] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in early July with a ‘”a Sector perform”‘ rating. UBS also remained covering NET and has increased its forecast on June 25, 2024 with a “Neutral” recommendation from previously “Sell” rating. DZ Bank revised its rating on May 07, 2024. It rated NET as “a Buy” which previously was an “a Hold”.
Price Performance Review of NET
On Monday, Cloudflare Inc [NYSE:NET] saw its stock fall -0.88% to $77.37. Over the last five days, the stock has lost -1.64%. Cloudflare Inc shares have fallen nearly -7.07% since the year began. Nevertheless, the stocks have risen 19.47% over the past one year. While a 52-week high of $116.00 was reached on 02/09/24, a 52-week low of $53.88 was recorded on 06/03/24. SMA at 50 days reached $77.38, while 200 days put it at $81.06. A total of 1.84 million shares were traded, compared to the trading of 1.93 million shares in the previous session.
Levels Of Support And Resistance For NET Stock
The 24-hour chart illustrates a support level at 76.70, which if violated will result in even more drops to 76.02. On the upside, there is a resistance level at 78.51. A further resistance level may holdings at 79.64. The Relative Strength Index (RSI) on the 14-day chart is 44.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.90%. Stochastics%K at 28.16% indicates the stock is a holding.
