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 $2,721,044 were sold by SEIFERT THOMAS J on Nov 19 ’24. At $95.03 per share, SEIFERT THOMAS J sold 28,635 shares. The insider’s holdings dropped to 252,869 shares worth approximately $24.39 million following the completion of this transaction.
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Also, Riley Janel sold 3,495 shares, netting a total of over 314,847 in proceeds. Following the sale of shares at $90.08 each, the insider now holds 73,130 shares.
Before that, THOMAS J SEIFERT had added 28,635 shares to its account. In a trade valued at $2,642,724, the Officer bought Cloudflare Inc shares for $92.29 each.
As published in their initiating research note from Exane BNP Paribas on October 08, 2024, Cloudflare Inc [NET] has been an Underperform and the price target has been revised to $65. Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in mid July. As of July 08, 2024, Scotiabank has initiated its “Sector perform” rating for NET. Earlier on June 25, 2024, UBS upgraded its rating. Their new recommendation was “a Neutral” for NET stock which previously was a “a Sell”.
Analyzing NET Stock Performance
During the last five days, there has been a surge of approximately 2.45%. Over the course of the year, Cloudflare Inc shares have jumped approximately 15.87%. 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 $87.18, while a 200-day SMA reached $85.21. Nevertheless, trading volume fell to 2.34 million shares from 3.55 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 94.10, which, if violated, would cause prices to drop to 91.73. In the upper region, resistance lies at 97.90. The next price resistance is at 99.33. RSI (Relative Strength Index) is 60.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.16, which suggests the price will increase in the coming days. Percent R is at 19.90%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
