Cloudflare Inc’s filing revealed that its Chief Financial Officer SEIFERT THOMAS J unloaded Company’s shares for reported $1.36 million on Oct 18 ’24. In the deal valued at $90.88 per share,15,000 shares were sold. As a result of this transaction, SEIFERT THOMAS J now holds 281,403 shares worth roughly $24.75 million.
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Then, THOMAS J SEIFERT bought 15,000 shares, generating $1,356,000 in total proceeds.
Before that, Prince Matthew sold 52,384 shares. Cloudflare Inc shares valued at $4,921,495 were divested by the CEO & Chair of the Board at a price of $93.95 per share. As a result of the transaction, Prince Matthew now holds 10,761 shares, worth roughly $0.95 million.
Exane BNP Paribas initiated its Cloudflare Inc [NET] rating to an Underperform in a research note published on October 08, 2024; the price target was $65. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid July with a ‘”a Peer perform”‘ rating. Scotiabank began covering NET with “Sector perform” recommendation on July 08, 2024. UBS revised its rating on June 25, 2024. It rated NET as “a Neutral” which previously was an “a Sell”.
Price Performance Review of NET
On Monday, Cloudflare Inc [NYSE:NET] saw its stock fall -0.92% to $87.94. Over the last five days, the stock has lost -3.09%. Cloudflare Inc shares have risen nearly 5.62% since the year began. Nevertheless, the stocks have risen 58.36% 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 $83.32, while 200 days put it at $84.33.
Levels Of Support And Resistance For NET Stock
The 24-hour chart illustrates a support level at 87.12, which if violated will result in even more drops to 86.30. On the upside, there is a resistance level at 89.42. A further resistance level may holdings at 90.90. The Relative Strength Index (RSI) on the 14-day chart is 53.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.99%. Stochastics %K at 53.25% indicates the stock is a holding.
How much short interest is there in Cloudflare Inc?
A steep rise in short interest was recorded in Cloudflare Inc stocks on 2024-10-15, dropping by 28242.0 shares to a total of 9.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.8 million shares. There was a decline of -0.29%, which implies that there is a negative sentiment for the stock.
