In a filing, Cloudflare Inc revealed its Chief Legal Officer Kramer Douglas James unloaded Company’s shares for reported $0.6 million on Nov 21 ’24. In the deal valued at $100.00 per share,6,000 shares were sold. As a result of this transaction, Kramer Douglas James now holds 175,688 shares worth roughly $18.31 million.
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Then, DOUGLAS KRAMER bought 6,000 shares, generating $600,000 in total proceeds.
Before that, SEIFERT THOMAS J sold 28,635 shares. Cloudflare Inc shares valued at $2,721,044 were divested by the CHIEF FINANCIAL OFFICER at a price of $95.03 per share. As a result of the transaction, SEIFERT THOMAS J now holds 252,869 shares, worth roughly $26.36 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 Friday, Cloudflare Inc [NYSE:NET] saw its stock fall -0.01% to $104.23. Over the last five days, the stock has gained 16.11%. Cloudflare Inc shares have risen nearly 25.19% since the year began. Nevertheless, the stocks have risen 41.46% over the past one year. While a 52-week high of $116.00 was reached on 02/09/24, a 52-week low of $66.24 was recorded on 06/03/24. SMA at 50 days reached $88.21, while 200 days put it at $85.38.
Levels Of Support And Resistance For NET Stock
The 24-hour chart illustrates a support level at 102.75, which if violated will result in even more drops to 101.28. On the upside, there is a resistance level at 105.82. A further resistance level may holdings at 107.42. The Relative Strength Index (RSI) on the 14-day chart is 69.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.76%. Stochastics %K at 90.01% indicates the stock is a selling.
How much short interest is there in Cloudflare Inc?
A steep rise in short interest was recorded in Cloudflare Inc stocks on 2024-10-31, dropping by 42661.0 shares to a total of 10.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 10.18 million shares. There was a decline of -0.42%, which implies that there is a negative sentiment for the stock.
