Cloudflare Inc’s recently made public that its Officer THOMAS J SEIFERT acquired Company’s shares for reported $1.69 million on Jan 03 ’25. In the deal valued at $112.54 per share,15,000 shares were bought.
Then, DOUGLAS KRAMER bought 9,000 shares, generating $1,012,072 in total proceeds.
Before that, Prince Matthew sold 52,384 shares. Cloudflare Inc shares valued at $5,919,416 were divested by the CEO & Chair of the Board at a price of $113.00 per share. As a result of the transaction, Prince Matthew now holds 10,762 shares, worth roughly $1.23 million.
RBC Capital Mkts reiterated its Cloudflare Inc [NET] rating to an Outperform in a research note published on January 03, 2025; the price target was $123. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in early January from “a Sell” to “a Buy”. Stifel also remained covering NET and has increased its forecast on December 17, 2024 with a “Buy” recommendation from previously “Hold” rating. Morgan Stanley revised its rating on December 02, 2024. It rated NET as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of NET
On Friday, Cloudflare Inc [NYSE:NET] saw its stock jump 1.95% to $114.73. Over the last five days, the stock has gained 1.88%. Cloudflare Inc shares have risen nearly 6.55% since the year began. Nevertheless, the stocks have risen 50.19% over the past one year. While a 52-week high of $119.42 was reached on 01/03/25, a 52-week low of $66.24 was recorded on 01/02/25. SMA at 50 days reached $101.74, while 200 days put it at $86.94.
Levels Of Support And Resistance For NET Stock
The 24-hour chart illustrates a support level at 112.93, which if violated will result in even more drops to 111.12. On the upside, there is a resistance level at 115.67. A further resistance level may holdings at 116.60. The Relative Strength Index (RSI) on the 14-day chart is 60.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.72%. Stochastics %K at 37.51% 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 2024-12-13, dropping by -0.31 million shares to a total of 8.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 8.69 million shares. There was a decline of -3.74%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 08, 2024 when Exane BNP Paribas began covering the stock and recommended ‘”an Underperform”‘ rating along with a $65 price target.
