Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cloudflare Inc shares valued at $1,175,378 were sold by SEIFERT THOMAS J on Sep 18 ’24. At $78.36 per share, SEIFERT THOMAS J sold 15,000 shares. The insider’s holdings dropped to 281,403 shares worth approximately $23.31 million following the completion of this transaction.
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Also, THOMAS J SEIFERT purchased 15,000 shares, netting a total of over 1,186,650 in proceeds.
Before that, Zatlyn Michelle had sold 12,820 shares from its account. In a trade valued at $988,780, the President and COO traded Cloudflare Inc shares for $77.13 each. Upon closing the transaction, the insider’s holdings decreased to 12,820 shares, worth approximately $0.0.
As published in their initiating research note from Wolfe Research on July 16, 2024, Cloudflare Inc [NET] has been a Peer perform. Analysts at Scotiabank started covering the stock with ‘”a Sector perform”‘ outlook in a report released in early July. As of June 25, 2024, UBS has increased its “Sell” rating to a “Neutral” for NET. Earlier on May 07, 2024, DZ Bank upgraded its rating. Their new recommendation was “a Buy” for NET stock which previously was a “a Hold”.
Analyzing NET Stock Performance
During the last five days, there has been a surge of approximately 5.03%. Over the course of the year, Cloudflare Inc shares have dropped approximately -0.52%. Shares of the company reached a 52-week high of $116.00 on 02/09/24 and a 52-week low of $66.24 on 06/03/24. A 50-day SMA is recorded $79.45, while a 200-day SMA reached $83.63. Nevertheless, trading volume fell to 3.41 million shares from 2.12 million shares the previous day.
Support And Resistance Levels for Cloudflare Inc (NET)
According to the 24-hour chart, there is a support level at 80.39, which, if violated, would cause prices to drop to 77.94. In the upper region, resistance lies at 84.09. The next price resistance is at 85.34. RSI (Relative Strength Index) is 59.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.31, which suggests the price will increase in the coming days. Percent R is at 9.76%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
