Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cloudflare Inc shares valued at $1,190,100 were purchased by THOMAS J SEIFERT on Oct 03 ’24. At $79.34 per share, THOMAS J SEIFERT acquired 15,000 shares.
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Also, Kramer Douglas James sold 3,000 shares, netting a total of over 236,610 in proceeds. Following the sale of shares at $78.87 each, the insider now holds 185,386 shares.
Before that, DOUGLAS KRAMER had added 3,000 shares to its account. In a trade valued at $236,610, the Officer bought Cloudflare Inc shares for $78.87 each.
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 drop of approximately -3.56%. Over the course of the year, Cloudflare Inc shares have dropped approximately -4.60%. 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 $79.73, while a 200-day SMA reached $83.75. Nevertheless, trading volume fell to 1.53 million shares from 2.2 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 78.40, which, if violated, would cause prices to drop to 77.36. In the upper region, resistance lies at 80.17. The next price resistance is at 80.90. RSI (Relative Strength Index) is 46.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.37, which suggests the price will decrease in the coming days. Percent R is at 79.33%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
